FRASER JASON W. (EVP and GC) 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

FRASER JASON W.

Filed: 1/21/2025ACC: 0000950170-25-007259

InsiderFRASER JASON W.CIK 1762813

→

IssuerVALERO ENERGY CORP/TXCIK 1035002

Officer· EVP and GC

Since Jan 2019

-6.77K

Net shares

Net seller

$3.37M

Total sold

Open market trades

0B · 0S

Total transactions

35.01K acquired · 41.78K disposed

Non-Derivative Transactions5

Common Stock

Direct

M · Option Exercise

+13.45K

Price / share

—

Trade value

—

% of position

10.5%

1/16/2025

128.55K→142.01K

Common Stock

Direct

M · Option Exercise

+10.97K

Price / share

—

Trade value

—

% of position

7.7%

1/16/2025

142.01K→152.97K

Common Stock

Direct

M · Option Exercise

+10.59K

Price / share

—

Trade value

—

% of position

6.9%

1/16/2025

152.97K→163.56K

Common Stock

Direct

F · Tax Withholding

−13.83K

Price / share

$138.23

Trade value

$1.91M

% of position

8.5%

1/16/2025

163.56K→149.73K

Common Stock

Direct

D · Disposition

−10.59K

Price / share

$138.23

Trade value

$1.46M

% of position

7.1%

1/16/2025

149.73K→139.15K

Total

Net shares

+10.59K

Net value

-$3.37M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	1/16/2025	M · Option Exercise	+13.45K	—	—	10.5%	128.55K	142.01K
Common Stock Direct	1/16/2025	M · Option Exercise	+10.97K	—	—	7.7%	142.01K	152.97K
Common Stock Direct	1/16/2025	M · Option Exercise	+10.59K	—	—	6.9%	152.97K	163.56K
Common Stock Direct	1/16/2025	F · Tax Withholding	−13.83K	$138.23	$1.91M	8.5%	163.56K	149.73K
Common Stock Direct	1/16/2025	D · Disposition	−10.59K	$138.23	$1.46M	7.1%	149.73K	139.15K
Total			+10.59K		-$3.37M

Derivative Transactions3

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

13.45K shares

−7.06K

Strike price

Held after

0.00

Exercisable

—

1/16/2025

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

10.97K shares

−5.17K

Strike price

Held after

5.17K

Exercisable

—

1/16/2025

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

10.59K shares

−5.13K

Strike price

Held after

10.27K

Exercisable

—

1/16/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance Shares Direct	Common Stock13.45K shares	1/16/2025	M · Option Exercise	−7.06K	—	0.00
Performance Shares Direct	Common Stock10.97K shares	1/16/2025	M · Option Exercise	−5.17K	—	5.17K
Performance Shares Direct	Common Stock10.59K shares	1/16/2025	M · Option Exercise	−5.13K	—	10.27K