BHULLAR HARMINDER S. (SVP & CFO) exercised options at VALERO ENERGY CORP/TX

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

BHULLAR HARMINDER S.

Filed: 1/23/2026ACC: 0001628280-26-003271

InsiderBHULLAR HARMINDER S.CIK 2092904

→

IssuerVALERO ENERGY CORP/TXCIK 1035002

Officer· SVP & CFO

Since Feb 2026

-1.59K

Net shares

Net seller

$837.3K

Total sold

Open market trades

0B · 0S

Total transactions

6.28K acquired · 7.87K disposed

Non-Derivative Transactions5

Common Stock

Direct

M · Option Exercise

+1.97K

Price / share

—

Trade value

—

% of position

9.2%

1/21/2026

21.51K→23.49K

Common Stock

Direct

M · Option Exercise

+2.25K

Price / share

—

Trade value

—

% of position

9.6%

1/21/2026

23.49K→25.73K

Common Stock

Direct

M · Option Exercise

+2.06K

Price / share

—

Trade value

—

% of position

8.0%

1/21/2026

25.73K→27.80K

Common Stock

Direct

F · Tax Withholding

−2.52K

Price / share

$190.33

Trade value

$479.06K

% of position

9.1%

1/21/2026

27.80K→25.28K

Common Stock

Direct

D · Disposition

−1.88K

Price / share

$190.33

Trade value

$358.20K

% of position

7.4%

1/21/2026

25.28K→23.40K

Total

Net shares

+1.89K

Net value

-$837.26K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	1/21/2026	M · Option Exercise	+1.97K	—	—	9.2%	21.51K	23.49K
Common Stock Direct	1/21/2026	M · Option Exercise	+2.25K	—	—	9.6%	23.49K	25.73K
Common Stock Direct	1/21/2026	M · Option Exercise	+2.06K	—	—	8.0%	25.73K	27.80K
Common Stock Direct	1/21/2026	F · Tax Withholding	−2.52K	$190.33	$479.06K	9.1%	27.80K	25.28K
Common Stock Direct	1/21/2026	D · Disposition	−1.88K	$190.33	$358.20K	7.4%	25.28K	23.40K
Total			+1.89K		-$837.26K

Derivative Transactions3

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

1.97K shares

−1.06K

Strike price

Held after

0.00

Exercisable

—

1/21/2026

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

2.25K shares

−1.07K

Strike price

Held after

1.07K

Exercisable

—

1/21/2026

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

2.06K shares

−1.34K

Strike price

Held after

2.69K

Exercisable

—

1/21/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance Shares Direct	Common Stock1.97K shares	1/21/2026	M · Option Exercise	−1.06K	—	0.00
Performance Shares Direct	Common Stock2.25K shares	1/21/2026	M · Option Exercise	−1.07K	—	1.07K
Performance Shares Direct	Common Stock2.06K shares	1/21/2026	M · Option Exercise	−1.34K	—	2.69K