Valero Energy Elects New Director Matthew Audette to Board

What Happened Valero Energy Corporation announced on September 17, 2026 that its Board increased to 11 members and elected Matthew Audette as a director, effective immediately. Mr. Audette was also appointed to the Board’s Audit Committee and will serve an initial term through Valero’s 2027 annual meeting of stockholders; he is expected to stand for re‑election at that meeting.

Key Details

• Board size increased to 11 members on September 17, 2026.
• Matthew Audette received a pro‑rata equity grant of 372 stock units upon election; these units vest in full on the first anniversary of the grant.
• Mr. Audette is entitled to a pro‑rata annual cash retainer of $101,667 for his service from election to the 2027 Annual Meeting.
• Valero’s Human Resources and Compensation Committee approved a $10,000 increase (effective beginning 2027) to both the annual cash retainer and the equity grant components of the non‑employee director compensation program, as described in the company’s 2026 proxy statement.

Why It Matters This 8‑K signals a board refresh and a minor adjustment to director pay. Investors should note the addition of an Audit Committee member (which can affect oversight of financial reporting) and that compensation changes will modestly raise future director costs beginning in 2027. The appointment and pro‑rata awards are routine corporate governance actions disclosed under SEC rules.