Jason W. Fraser - 22 Feb 2023 Form 4 Insider Report for VALERO ENERGY CORP/TX (VLO)

Role: EVP & CFO
Signature: /s/ Ethan A. Jones as Attorney-in-Fact for Jason W. Fraser
Issuer symbol: VLO
Transactions as of: 22 Feb 2023
Transactions value $: -$805,683
Form type: 4
Filing time: 24 Feb 2023, 15:15:52 UTC
Previous filing: 02 Feb 2023
Next filing: 28 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLO	Common Stock	Tax liability	-$365K	-2.78K	-2.32%	$131.17	117K	22 Feb 2023	Direct	F1
transaction	VLO	Common Stock	Tax liability	-$441K	-3.35K	-2.86%	$131.69	114K	23 Feb 2023	Direct	F1
transaction	VLO	Common Stock	Award	$0	+15.5K	+13.64%	$0.00	129K	23 Feb 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VLO	Performance Shares	Award	$0	+15.5K		$0.00	15.5K	23 Feb 2023	Common Stock		$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares withheld to satisfy tax obligation for restricted stock holdings.
F2	Award of restricted common shares subject to time vesting.
F3	The performance shares vest annually in one-third increments beginning in Feb. 2024, payable in shares of common stock in amounts ranging from zero to 200 percent of the performance shares pursuant to the terms of a Performance Share Agreement.