Valero (VLO) Director Robert L. Reymond Exercises 924 Stock Units

What Happened

• Robert L. Reymond, a director of Valero Energy Corp (VLO), had 924 stock units vest and was recorded as exercising/converting them into 924 shares on 2026-09-18. The filing shows an acquisition of 924 shares at $0.00 and a simultaneous disposition of 924 shares at $0.00 (transaction code M — exercise/conversion of derivative).
• No cash consideration or proceeds are reported on the Form 4 for these transactions. This is not an open-market purchase; it reflects conversion/settlement of equity awards rather than a typical buy or sale for market exposure.

Key Details

• Transaction date: 2026-09-18; Form 4 filed 2026-09-21 (filing appears timely; no late flag reported).
• Transactions recorded: 924 shares acquired @ $0.00 (exercise/conversion) and 924 shares disposed @ $0.00 (derivative).
• Footnote: Each stock unit represented a right to receive one share of common stock and vested pursuant to the Stock Unit Award Agreement.
• Shares owned after the transaction: not specified in the provided filing.

Context

• Derivative/option exercises or unit conversions commonly show $0.00 when units vested and converted into shares; a simultaneous disposition may reflect settlement mechanics (e.g., transfer to cover withholding or immediate company settlement) rather than an open-market sale.
• This activity does not necessarily indicate a positive or negative view on the stock; it documents award vesting and conversion rather than a discretionary buy or sell.