WALSH RICHARD JOE (SVP 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

WALSH RICHARD JOE

Filed: 1/23/2026ACC: 0001628280-26-003274

InsiderWALSH RICHARD JOECIK 1816276

→

IssuerVALERO ENERGY CORP/TXCIK 1035002

Officer· SVP and GC

Since Jul 2020

-3.80K

Net shares

Net seller

$1.99M

Total sold

Open market trades

0B · 0S

Total transactions

14.94K acquired · 18.74K disposed

Non-Derivative Transactions5

Common Stock

Direct

M · Option Exercise

+4.31K

Price / share

—

Trade value

—

% of position

4.8%

1/21/2026

90.35K→94.66K

Common Stock

Direct

M · Option Exercise

+5.28K

Price / share

—

Trade value

—

% of position

5.6%

1/21/2026

94.66K→99.94K

Common Stock

Direct

M · Option Exercise

+5.35K

Price / share

—

Trade value

—

% of position

5.4%

1/21/2026

99.94K→105.29K

Common Stock

Direct

F · Tax Withholding

−5.92K

Price / share

$190.33

Trade value

$1.13M

% of position

5.6%

1/21/2026

105.29K→99.36K

Common Stock

Direct

D · Disposition

−4.51K

Price / share

$190.33

Trade value

$857.82K

% of position

4.5%

1/21/2026

99.36K→94.86K

Total

Net shares

+4.51K

Net value

-$1.99M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	1/21/2026	M · Option Exercise	+4.31K	—	—	4.8%	90.35K	94.66K
Common Stock Direct	1/21/2026	M · Option Exercise	+5.28K	—	—	5.6%	94.66K	99.94K
Common Stock Direct	1/21/2026	M · Option Exercise	+5.35K	—	—	5.4%	99.94K	105.29K
Common Stock Direct	1/21/2026	F · Tax Withholding	−5.92K	$190.33	$1.13M	5.6%	105.29K	99.36K
Common Stock Direct	1/21/2026	D · Disposition	−4.51K	$190.33	$857.82K	4.5%	99.36K	94.86K
Total			+4.51K		-$1.99M

Derivative Transactions3

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

4.31K shares

−2.31K

Strike price

Held after

0.00

Exercisable

—

1/21/2026

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

5.28K shares

−2.52K

Strike price

Held after

2.52K

Exercisable

—

1/21/2026

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

5.35K shares

−3.48K

Strike price

Held after

6.97K

Exercisable

—

1/21/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance Shares Direct	Common Stock4.31K shares	1/21/2026	M · Option Exercise	−2.31K	—	0.00
Performance Shares Direct	Common Stock5.28K shares	1/21/2026	M · Option Exercise	−2.52K	—	2.52K
Performance Shares Direct	Common Stock5.35K shares	1/21/2026	M · Option Exercise	−3.48K	—	6.97K