Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-21

Valero Energy (VLO)

CEO R. Lane Riggs was paid $34,228,523 in fiscal year 2025, ↑ up 52.7% from fiscal year 2024, the 99th percentile of its disclosed peer group (SEC filing 0001628280-26-019806 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$34,228,523 ↑
R. Lane Riggs total, FY2025
99th
CEO pay percentile vs peers
162:1
CEO-to-median pay ratio
92.58%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- R. Lane Riggs (Chairman, Chief Executive Officer and President), FY2025 total compensation $34,228,523 (base salary $1,720,000) [exec_comp, SEC accession 0001628280-26-019806, filed 2026-03-19]

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VLO's next annual pay disclosure, estimated March 20, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
R. Lane Riggs$1,720,000$0$15,760,536$0$5,482,810$10,839,917$425,260$34,228,523
Chairman, Chief Executive Officer and President
Gary K. Simmons988,49005,989,14702,166,3063,375,999166,93012,686,872
EVP and Chief Operating Officer
Jason W. Fraser988,49005,897,16501,969,3692,278,894132,96311,266,881
Retired EVP and Chief Financial Officer
Richard J. Walsh816,20003,309,26801,626,1162,035,184140,2127,926,980
EVP and General Counsel
Eric A. Fisher740,54002,771,96301,254,0721,335,475142,6766,244,726
SVP Product Supply, Trading and Wholesale

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
R. Lane Riggs$34,228,523$22,412,292$20,140,932↑ +11,816,231
Gary K. Simmons12,686,8728,043,93210,755,819↑ +4,642,940
Jason W. Fraser11,266,8817,744,96510,609,722↑ +3,521,916
Richard J. Walsh7,926,9804,877,5175,916,289↑ +3,049,463
Eric A. Fisher6,244,7264,098,667—↑ +2,146,059

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against VLO
14 companies name VLO as a compensation peer

Each company listed discloses VLO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named VLO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Deborah P. MajorasIndependent Director$355,082
Donald L. NicklesFormer director (through FY2025)$65,000
Eric D. MullinsIndependent Director$330,082
Fred M. DiazIndependent Director$330,082
H. Paulett EberhartIndependent Director$405,082
Kimberly S. GreeneIndependent Director$355,082
Marie A. FfolkesIndependent Director$330,082
Randall J. WeisenburgerIndependent Director$330,082
Rayford Wilkins, JrIndependent Director$355,082
Robert A. ProfusekFormer director (through FY2025)$115,000
Robert L. ReymondIndependent Director$193,344
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Deborah P. MajorasDirector2026-05-06A1,381——CommonForm 4 ↗
Greene Kimberly S,Director2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Greene Kimberly S,Director2026-05-06D511239122,262CommonForm 4 ↗
Marie A. FfolkesDirector2026-05-06A1,381——CommonForm 4 ↗
Fred M. DiazDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Fred M. DiazDirector2026-05-06D511239122,262CommonForm 4 ↗
Greene Kimberly S,Director2026-05-06A1,381——CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-05-06D30423972,735CommonForm 4 ↗
Randall J. WeisenburgerDirector2026-05-06D30423972,735CommonForm 4 ↗
Fred M. DiazDirector2026-05-06A1,381——CommonForm 4 ↗
H. Paulett EberhartDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
H. Paulett EberhartDirector2026-05-06D511239122,262CommonForm 4 ↗
H. Paulett EberhartDirector2026-05-06A1,381——CommonForm 4 ↗
Marie A. FfolkesDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-05-06A1,381——CommonForm 4 ↗
Randall J. WeisenburgerDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Randall J. WeisenburgerDirector2026-05-06A1,381——CommonForm 4 ↗
Deborah P. MajorasDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Deborah P. MajorasDirector2026-05-06D511239122,262CommonForm 4 ↗
Eric D. MullinsDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Eric D. MullinsDirector2026-05-06A1,381——CommonForm 4 ↗
Marie A. FfolkesDirector2026-05-06D511239122,262CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Greene Kimberly S,Director2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Eric D. MullinsDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Marie A. FfolkesDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Fred M. DiazDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
H. Paulett EberhartDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Randall J. WeisenburgerDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Deborah P. MajorasDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Robert L. ReymondDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Eric A. FisherSVP2026-05-18D7,5002521,887,065CommonForm 4 ↗
Eric A. FisherSVP2026-06-18D7,5002371,776,781CommonForm 4 ↗
Eric A. FisherSVP2026-06-29D7,5002682,011,307CommonForm 4 ↗
Richard J. WalshEVP & GC2026-08-21D3,10400CommonForm 4 ↗
Gary K. SimmonsEVP & COO2026-09-16D4,00000CommonForm 4 ↗
Dividend-equivalent accruals2026-09-17—372——1 insider, 1 accrual row
Robert L. ReymondDirector2026-09-18A92400CommonForm 4 ↗
Dividend-equivalent accruals2026-09-18—924——1 insider, 1 accrual row

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 40 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Deborah P. MajorasDirector2026-05-06A1,381——CommonForm 4 ↗
Greene Kimberly S,Director2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Greene Kimberly S,Director2026-05-06D511239122,262CommonForm 4 ↗
Marie A. FfolkesDirector2026-05-06A1,381——CommonForm 4 ↗
Fred M. DiazDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Fred M. DiazDirector2026-05-06D511239122,262CommonForm 4 ↗
Greene Kimberly S,Director2026-05-06A1,381——CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-05-06D30423972,735CommonForm 4 ↗
Randall J. WeisenburgerDirector2026-05-06D30423972,735CommonForm 4 ↗
Fred M. DiazDirector2026-05-06A1,381——CommonForm 4 ↗
H. Paulett EberhartDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
H. Paulett EberhartDirector2026-05-06D511239122,262CommonForm 4 ↗
H. Paulett EberhartDirector2026-05-06A1,381——CommonForm 4 ↗
Marie A. FfolkesDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-05-06A1,381——CommonForm 4 ↗
Randall J. WeisenburgerDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Randall J. WeisenburgerDirector2026-05-06A1,381——CommonForm 4 ↗
Deborah P. MajorasDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Deborah P. MajorasDirector2026-05-06D511239122,262CommonForm 4 ↗
Eric D. MullinsDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Eric D. MullinsDirector2026-05-06A1,381——CommonForm 4 ↗
Marie A. FfolkesDirector2026-05-06D511239122,262CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-05-06D1,381——Derivative, Class A CommonForm 4 ↗
Greene Kimberly S,Director2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Eric D. MullinsDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Marie A. FfolkesDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Fred M. DiazDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
H. Paulett EberhartDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Randall J. WeisenburgerDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Deborah P. MajorasDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Robert L. ReymondDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-05-07A939——Derivative, Class A CommonForm 4 ↗
Eric A. FisherSVP2026-05-18D7,5002521,887,065CommonForm 4 ↗
Eric A. FisherSVP2026-06-18D7,5002371,776,781CommonForm 4 ↗
Eric A. FisherSVP2026-06-29D7,5002682,011,307CommonForm 4 ↗
Richard J. WalshEVP & GC2026-08-21D3,10400CommonForm 4 ↗
Gary K. SimmonsEVP & COO2026-09-16D4,00000CommonForm 4 ↗
Matthew J. AudetteDirector2026-09-17A37200Derivative, Class A CommonForm 4 ↗
Robert L. ReymondDirector2026-09-18A92400CommonForm 4 ↗
Robert L. ReymondDirector2026-09-18D92400Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Gary K. SimmonsPSU2025-02-26—4,997—9,994$1,079,952
Jason W. FraserPSU2025-02-26—5,170—10,3401,042,841
Richard J. WalshPSU2025-01-16————351,770
Richard J. WalshPSU2025-02-26—2,523—5,046545,271
Gary K. SimmonsPSU2025-01-16————696,432
Gary K. SimmonsPSU2025-02-26—6,024—12,048996,008
Jason W. FraserRSU2025-02-26——16,260—2,133,311
Jason W. FraserPSU2025-01-16————715,526
Richard J. WalshPSU2025-02-26—3,484—6,968576,045
Gary K. SimmonsRSU2025-02-26——18,070—2,370,783
Gary K. SimmonsPSU2025-02-26—1,158—2,316233,580
R. Lane RiggsPSU2025-01-16————1,918,289
Jason W. FraserPSU2025-02-26—5,420—10,840896,143
R. Lane RiggsPSU2025-02-26—7,343—14,6861,481,157
Eric A. FisherPSU2025-02-26—2,290—4,580494,915
Eric A. FisherRSU2025-02-26——8,120—1,065,344
Eric A. FisherPSU2025-02-26—140—28028,239
Eric A. FisherPSU2025-01-16————319,157
Eric A. FisherPSU2025-02-26—2,707—5,414447,575
R. Lane RiggsPSU2025-02-26—2,984—5,968601,903
Gary K. SimmonsPSU2025-02-26—3,036—6,072612,392
Eric A. FisherPSU2025-02-26—2,066—4,132416,733
Jason W. FraserPSU2025-02-26—5,133—10,2661,109,344
R. Lane RiggsPSU2025-02-26—13,763—27,5262,974,460
Richard J. WalshPSU2025-02-26—2,306—4,612465,143
R. Lane RiggsRSU2025-02-26——47,150—6,186,078
R. Lane RiggsPSU2025-02-26—15,717—31,4342,598,649
Richard J. WalshRSU2025-02-26——10,450—1,371,039
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Gary K. Simmons$2,370,783$3,618,364$060.4%
Jason W. Fraser2,133,3113,763,854063.8%
Richard J. Walsh1,371,0391,938,229058.6%
R. Lane Riggs6,186,0789,574,458060.7%
Eric A. Fisher1,065,3441,706,619061.6%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
R. Lane RiggsRSU28,596—$4,655,143
Eric A. FisherPSU8,120—2,423,455
Eric A. FisherRSU4,924—801,578
Jason W. FraserPSU10,266—3,342,404
Gary K. SimmonsRSU702—114,279
Eric A. FisherPSU4,580—1,491,156
Richard J. WalshRSU6,337—1,031,600
R. Lane RiggsRSU4,453—724,904
R. Lane RiggsPSU47,150—14,071,893
R. Lane RiggsPSU27,526—8,961,915
Gary K. SimmonsPSU18,070—5,392,907
Jason W. FraserPSU16,260—4,852,770
Gary K. SimmonsPSU9,993—3,253,521
Richard J. WalshPSU10,450—3,118,731
R. Lane RiggsRSU16,694—2,717,616
R. Lane RiggsPSU7,343—2,092,014
Gary K. SimmonsRSU10,959—1,784,016
Richard J. WalshPSU5,046—1,642,877
Jason W. FraserRSU9,861—1,605,272
Jason W. FraserRSU3,135—510,347
Jason W. FraserPSU5,170—1,472,924
Jason W. FraserRSU6,226—1,013,531
Gary K. SimmonsRSU6,060—986,507
Gary K. SimmonsPSU3,036—864,903
R. Lane RiggsPSU2,984—850,089
Richard J. WalshPSU2,306—657,020
Eric A. FisherPSU2,066—588,649
Richard J. WalshRSU3,060—498,137
Eric A. FisherRSU2,777—452,068
Gary K. SimmonsPSU1,158—329,975
Gary K. SimmonsRSU1,842—299,859
R. Lane RiggsRSU1,809—294,487
Richard J. WalshRSU1,399—227,743
Eric A. FisherRSU1,253—203,976
05

Incentive-plan design — the Compensation Discussion & Analysis

Valero's compensation philosophy is to provide executive compensation and benefits that are competitive with companies that we compete with for executive talent, using compensation survey data and analyses to assess pay levels and targets relative to companies in the Compensation Comparator Peer Group.

CEO STI target (% of salary)160%
CEO LTI target (% of salary)—
Independent consultantExequity
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-07219,278,13317,564,158887,24092.58%Passed
20252025-05-06183,190,79160,721,5231,047,80475.11%Passed
20242024-05-15237,204,35011,467,9631,254,57295.39%Passed
20232023-05-09270,293,19815,262,3421,499,60094.66%Passed
20222022-04-28214,049,09193,556,0151,334,55769.59%Passed
20212021-04-29273,087,43029,672,5941,953,57490.2%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-0792.58%a
20252025-05-0675.11%b
20242024-05-1595.39%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)162 : 1
CEO total compensation$34,228,523
Median employee compensation$211,035
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
H. Paulett EberhartIndependent · Sustainability and Public Policy · Audit (Chair)$205,000$200,082$0—$0$405,082
Rayford Wilkins, JrIndependent · Human Resources and Compensation (Chair) · Sustainability and Public Policy155,000200,082000355,082
Deborah P. MajorasIndependent · Sustainability · Public Policy (Chair) · Nominating and Corporate Governance · Sustainability and Public Policy (Chair)155,000200,0820—0355,082
Kimberly S. GreeneIndependent · Nominating and Corporate Governance (Chair) · Sustainability and Public Policy155,000200,0820—0355,082
Randall J. WeisenburgerIndependent · Human Resources and Compensation130,000200,0820—0330,082
Marie A. FfolkesIndependent · Nominating and Corporate Governance130,000200,0820—0330,082
Eric D. MullinsIndependent · Sustainability · Audit · Human Resources and Compensation130,000200,0820—0330,082
Fred M. DiazIndependent · Audit130,000200,0820—0330,082
Robert L. ReymondIndependent · Nominating and Corporate Governance · Newly elected43,333150,0110—0193,344
Robert A. ProfusekIndependent · Departed during FY115,00000—0115,000
Donald L. NicklesIndependent · Human Resources and Compensation · Departed during FY65,000000065,000
R. Lane RiggsEmployee director · Board Chair00———0
09

Board fee structure and ownership guideline

Annual cash retainer$130,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000 / 25,000
Stock ownership guideline$650,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,413,333
Equity awards (grant-date value)$1,750,667
All other compensation$0
Total cost of the board$3,164,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Valero Energy names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Valero Energy.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Valero Energy2025R. Lane Riggs$1,720,000$15,760,536$0$5,482,810$34,228,523
2Exxon Mobil Corporation2025Darren Woods2,058,00025,886,2500032,998,628
3General Motors Company2025Mary Barra2,100,00021,623,97004,956,00029,895,868
4Chevron Corporation2025Michael Wirth1,900,00013,524,9954,376,6403,562,50026,828,240
5RTX Corporation2025Christopher Calio1,525,00010,875,3916,753,909024,846,826
6Lockheed Martin Corporation2025James Taiclet1,751,00013,667,64505,496,30023,453,308
7ConocoPhillips2025Ryan Lance1,800,00016,543,43404,590,00023,450,085
8Phillips 662025Mark Lashier1,741,66716,185,20403,734,13423,113,403
9Dow Inc.2025Jim Fitterling1,695,20011,910,6282,970,005533,98819,078,777
10Marathon Petroleum Corporation2025Maryann Mannen1,400,00013,391,32203,303,30019,016,261
11Occidental Petroleum Corporation2025Vicki Hollub1,596,78112,298,20703,200,00018,055,969
12EOG Resources, Inc.2025Ezra Yacob1,434,61512,729,62802,718,80017,576,636
13Halliburton Company2025Jeffrey Miller1,700,0007,992,78205,944,83616,525,407
14LyondellBasell Industries N.V.2025Peter Vanacker1,486,53911,846,18401,708,50015,577,445
15HF Sinclair Corporation2025Timothy Go1,204,6159,977,38202,668,96814,278,553
16CVR Energy, Inc.2025David Lamp1,200,0001,678,68302,034,0008,602,449
17PBF Energy Inc.2025Matthew Lucey1,250,0005,767,000007,887,020
18Delek US Holdings, Inc.2025Avigal Soreq900,0004,832,19501,895,5447,683,786
—Energy Select Sector SPDR Fund——————not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Valero Energy199.23%PSU 50 · RSU 50Yes — Relative TSRExequity
Chevron Corporation125%PSU 50 · RSU 25 · Options 25Yes — Relative Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
ConocoPhillipsnot disclosednot disclosedNoFW Cook
CVR Energy, Inc.113%RSU 100not disclosedNone (not engaged in 2025)
Delek US Holdings, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Dow Inc.not disclosedPSU 65 · Options 20 · RSU 15Yes — Relative TSRMercer
Energy Select Sector SPDR Fundnot disclosednot disclosednot disclosednot disclosed
EOG Resources, Inc.125%PSU 60 · RSU 40Yes — Relative TSR vs Performance Peer GroupMeridian Compensation Partners, LLC
Exxon Mobil Corporationnot disclosedPSU 100not disclosedPearl Meyer
General Motors Companynot disclosednot disclosedYes — Relative TSRnot disclosed
Halliburton Companynot disclosednot disclosedYes — Total Shareholder Return (TSR)not disclosed
HF Sinclair Corporation151.8%not disclosedNoMeridian Compensation Partners, LLC
Lockheed Martin Corporation114%PSU 50 · RSU 30 · Cash LTI 20Yes — Relative TSRMeridian Compensation Partners
LyondellBasell Industries N.V.67%PSU 60 · RSU 40Yes — Relative TSRPearl Meyer
Marathon Petroleum Corporation143%not disclosedYes — Relative TSRFW Cook
Occidental Petroleum Corporation125%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
PBF Energy Inc.not disclosedRestricted Stock 40 · Performance Share Units 30 · Performance Units 30Yes — Relative TSRPay Governance LLC
Phillips 66134%PSU 70 · RSU 30Yes — Relative TSRMercer
RTX Corporation164%PSU 60 · Options 40Yes — TSR vs. Core A&D PeersFW Cook

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Valero Energy in fiscal 2025?
As disclosed, R. Lane Riggs (Chairman, Chief Executive Officer and President) was the highest-paid executive at Valero Energy in fiscal 2025, with total compensation of $34,228,523.
How does Valero Energy's chief executive pay compare to its disclosed peer group?
As disclosed, R. Lane Riggs's total compensation ranked at the 99th percentile of Valero Energy's disclosed peer group.
What is Valero Energy's CEO-to-median employee pay ratio?
As disclosed, Valero Energy's CEO-to-median employee pay ratio was 162:1.
How did shareholders vote on Valero Energy's executive compensation?
As disclosed, 92.58% of shareholders supported Valero Energy's executive compensation in the latest say-on-pay vote.
How much does Valero Energy spend in total on board compensation for fiscal 2025?
As disclosed, Valero Energy reported total board compensation of $3,164,000 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, R. Lane RiggsDEF 14A2026-03-190001628280-26-019806Section “Summary Compensation Table”. As printed: 34,228,523. Filing ↗machine: r2 · c21 · span 1057670–1057680
2Section 01, Gary K. SimmonsDEF 14A2026-03-190001628280-26-019806Section “Summary Compensation Table”. As printed: 12,686,872. Filing ↗machine: r8 · c21 · span 1070409–1070419
3Section 01, Jason W. FraserDEF 14A2026-03-190001628280-26-019806Section “Summary Compensation Table”. As printed: 11,266,881. Filing ↗machine: r5 · c21 · span 1064039–1064049
4Section 01, Richard J. WalshDEF 14A2026-03-190001628280-26-019806Section “Summary Compensation Table”. As printed: 7,926,980. Filing ↗machine: r11 · c21 · span 1076774–1076783
5Section 01, Eric A. FisherDEF 14A2026-03-190001628280-26-019806Section “Summary Compensation Table”. As printed: 6,244,726. Filing ↗machine: r14 · c21 · span 1083303–1083312
6Section 03, Gary K. Simmons PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1183459–1183468
7Section 03, Jason W. Fraser PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1172468–1172477
8Section 03, Richard J. Walsh PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1201293–1201300
9Section 03, Richard J. Walsh PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1197938–1197945
10Section 03, Gary K. Simmons PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1189072–1189079
11Section 03, Gary K. Simmons PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1181478–1181485
12Section 03, Jason W. Fraser RSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1164980–1164989
13Section 03, Jason W. Fraser PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1174151–1174158
14Section 03, Richard J. Walsh PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1196107–1196114
15Section 03, Gary K. Simmons RSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1178069–1178078
16Section 03, Gary K. Simmons PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1185442–1185449
17Section 03, R. Lane Riggs PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1160855–1160864
18Section 03, Jason W. Fraser PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1168552–1168559
19Section 03, R. Lane Riggs PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1159204–1159213
20Section 03, Eric A. Fisher PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1210841–1210848
21Section 03, Eric A. Fisher RSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1205284–1205293
22Section 03, Eric A. Fisher PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1212818–1212824
23Section 03, Eric A. Fisher PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1216731–1216738
24Section 03, Eric A. Fisher PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1208860–1208867
25Section 03, R. Lane Riggs PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1157172–1157179
26Section 03, Gary K. Simmons PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1187423–1187430
27Section 03, Eric A. Fisher PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1214698–1214705
28Section 03, Jason W. Fraser PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1170534–1170543
29Section 03, R. Lane Riggs PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1155139–1155148
30Section 03, Richard J. Walsh PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1199819–1199826
31Section 03, R. Lane Riggs RSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1149675–1149684
32Section 03, R. Lane Riggs PSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1153229–1153238
33Section 03, Richard J. Walsh RSUDEF 14A1900-01-010001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1192843–1192852
34Section 07, pay ratioDEF 14A2026-03-190001628280-26-019806Section “CEO Pay Ratio”. As printed: 162 : 1. Filing ↗
35Section 08, H. Paulett EberhartDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 405,082. Filing ↗machine: span 1465038–1465158
36Section 08, Rayford Wilkins, JrDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 355,082. Filing ↗machine: t292 · r12 · c5 · span 1475309–1475429
37Section 08, Deborah P. MajorasDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 355,082. Filing ↗machine: span 1468405–1468525
38Section 08, Kimberly S. GreeneDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 355,082. Filing ↗machine: span 1467282–1467402
39Section 08, Randall J. WeisenburgerDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 330,082. Filing ↗machine: span 1474056–1474176
40Section 08, Marie A. FfolkesDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 330,082. Filing ↗machine: span 1466159–1466279
41Section 08, Eric D. MullinsDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 330,082. Filing ↗machine: span 1469525–1469645
42Section 08, Fred M. DiazDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 330,082. Filing ↗machine: span 1463914–1464034
43Section 08, Robert L. ReymondDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 193,344. Filing ↗machine: span 1471806–1471926
44Section 08, Robert A. ProfusekDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 115,000. Filing ↗
45Section 08, Donald L. NicklesDEF 14A2025-03-180001035002-25-000010Section “Director Compensation”. As printed: 65,000. Filing ↗
46Section 08, R. Lane RiggsDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 0. Filing ↗
47Section 02, Deborah P. Majoras 2026-05-06Form 42026-05-070001628280-26-032142Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Greene Kimberly S, 2026-05-06Form 42026-05-070001628280-26-032202Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Greene Kimberly S, 2026-05-06Form 42026-05-070001628280-26-032202Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Marie A. Ffolkes 2026-05-06Form 42026-05-070001628280-26-032204Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Fred M. Diaz 2026-05-06Form 42026-05-070001628280-26-032169Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Fred M. Diaz 2026-05-06Form 42026-05-070001628280-26-032169Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Greene Kimberly S, 2026-05-06Form 42026-05-070001628280-26-032202Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Rayford Wilkins, Jr 2026-05-06Form 42026-05-070001628280-26-032208Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Randall J. Weisenburger 2026-05-06Form 42026-05-070001628280-26-032134Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Fred M. Diaz 2026-05-06Form 42026-05-070001628280-26-032169Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, H. Paulett Eberhart 2026-05-06Form 42026-05-070001628280-26-032191Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, H. Paulett Eberhart 2026-05-06Form 42026-05-070001628280-26-032191Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, H. Paulett Eberhart 2026-05-06Form 42026-05-070001628280-26-032191Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Marie A. Ffolkes 2026-05-06Form 42026-05-070001628280-26-032204Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Rayford Wilkins, Jr 2026-05-06Form 42026-05-070001628280-26-032208Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Randall J. Weisenburger 2026-05-06Form 42026-05-070001628280-26-032134Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Randall J. Weisenburger 2026-05-06Form 42026-05-070001628280-26-032134Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Deborah P. Majoras 2026-05-06Form 42026-05-070001628280-26-032142Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Deborah P. Majoras 2026-05-06Form 42026-05-070001628280-26-032142Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Eric D. Mullins 2026-05-06Form 42026-05-070001628280-26-032160Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Eric D. Mullins 2026-05-06Form 42026-05-070001628280-26-032160Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Marie A. Ffolkes 2026-05-06Form 42026-05-070001628280-26-032204Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Rayford Wilkins, Jr 2026-05-06Form 42026-05-070001628280-26-032208Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Greene Kimberly S, 2026-05-07Form 42026-05-110001628280-26-033468Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Eric D. Mullins 2026-05-07Form 42026-05-110001628280-26-033491Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Marie A. Ffolkes 2026-05-07Form 42026-05-110001628280-26-033461Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Fred M. Diaz 2026-05-07Form 42026-05-110001628280-26-033477Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, H. Paulett Eberhart 2026-05-07Form 42026-05-110001628280-26-033450Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Randall J. Weisenburger 2026-05-07Form 42026-05-110001628280-26-033502Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Deborah P. Majoras 2026-05-07Form 42026-05-110001628280-26-033487Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Robert L. Reymond 2026-05-07Form 42026-05-110001628280-26-033433Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Rayford Wilkins, Jr 2026-05-07Form 42026-05-110001628280-26-033506Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Eric A. Fisher 2026-05-18Form 42026-05-200001628280-26-036915Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Eric A. Fisher 2026-06-18Form 42026-06-180001628280-26-044275Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Eric A. Fisher 2026-06-29Form 42026-06-300001628280-26-046225Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Richard J. Walsh 2026-08-21Form 42026-08-240001628280-26-058657Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Gary K. Simmons 2026-09-16Form 42026-09-180001628280-26-062665Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Matthew J. Audette 2026-09-17Form 42026-09-180001628280-26-062661Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Robert L. Reymond 2026-09-18Form 42026-09-210001628280-26-062897Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Robert L. Reymond 2026-09-18Form 42026-09-210001628280-26-062897Insider equity transaction reported since the proxy statement. Filing ↗
87Section 06, 2026 voteForm 8-K2026-05-080001628280-26-032765Item 5.07 · say-on-pay result. As reported: 92.58% (votes for as printed: 219,278,133). Filing ↗
88Section 06, 2025 voteForm 8-K2025-05-090001193125-25-116463Item 5.07 · say-on-pay result. As reported: 75.11% (votes for as printed: 183,190,791). Filing ↗
89Section 06, 2024 voteForm 8-K2024-05-200001193125-24-142857Item 5.07 · say-on-pay result. As reported: 95.39% (votes for as printed: 237,204,350). Filing ↗
90Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
91Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
92Section 09b board cost (computed)Computed——Cash 1,413,333 + equity 1,750,667 + all other 0 = 3,164,000, summed across the director compensation table rows.machine: formula: Σ = 3,164,000
93Valero Energy (subject), Section 10b CEO totalDEF 14A2026-03-190001628280-26-019806CEO total compensation as printed in Valero Energy's own proxy. As printed: 34,228,523. Filing ↗machine: r2 · c21 · span 1057670–1057680
94Exxon Mobil Corporation, Section 10b CEO totalDEF 14A2026-04-080001193125-26-147614CEO total compensation as printed in Exxon Mobil Corporation's own proxy. As printed: 32,998,628. Filing ↗machine: t385 · r6 · c2 · span 1433667–1433677
95General Motors Company, Section 10b CEO totalDEF 14A2026-04-200001467858-26-000022CEO total compensation as printed in General Motors Company's own proxy. As printed: 29,895,868. Filing ↗machine: r2 · c8 · span 2619809–2619819
96Chevron Corporation, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145617CEO total compensation as printed in Chevron Corporation's own proxy. As printed: 26,828,240. Filing ↗machine: span 1241206–1241216
97RTX Corporation, Section 10b CEO totalDEF 14A2026-03-090001308179-26-000036CEO total compensation as printed in RTX Corporation's own proxy. As printed: 24,846,826. Filing ↗machine: t237 · r2 · c14 · span 908955–908966
98Lockheed Martin Corporation, Section 10b CEO totalDEF 14A2026-03-260000936468-26-000004CEO total compensation as printed in Lockheed Martin Corporation's own proxy. As printed: 23,453,308. Filing ↗machine: r4 · c27 · span 1276177–1276187
99ConocoPhillips, Section 10b CEO totalDEF 14A2026-03-300001104659-26-036366CEO total compensation as printed in ConocoPhillips's own proxy. As printed: 23,450,085. Filing ↗machine: span 1829926–1829936
100Phillips 66, Section 10b CEO totalDEF 14A2026-04-020001534701-26-000010CEO total compensation as printed in Phillips 66's own proxy. As printed: 23,113,403. Filing ↗machine: t231 · r4 · c13 · span 1318456–1318466
101Dow Inc., Section 10b CEO totalDEF 14A2026-02-270001193125-26-082583CEO total compensation as printed in Dow Inc.'s own proxy. As printed: 19,078,777. Filing ↗machine: t107 · r2 · c33 · span 2553990–2554000
102Marathon Petroleum Corporation, Section 10b CEO totalDEF 14A2026-03-160001510295-26-000023CEO total compensation as printed in Marathon Petroleum Corporation's own proxy. As printed: 19,016,261. Filing ↗machine: t228 · r3 · c8 · span 2936922–2936932
103Occidental Petroleum Corporation, Section 10b CEO totalDEF 14A2026-03-190001628280-26-019816CEO total compensation as printed in Occidental Petroleum Corporation's own proxy. As printed: 18,055,969. Filing ↗machine: r2 · c17 · span 2031997–2032007
104EOG Resources, Inc., Section 10b CEO totalDEF 14A2026-03-270001104659-26-036125CEO total compensation as printed in EOG Resources, Inc.'s own proxy. As printed: 17,576,636. Filing ↗machine: span 1140550–1140560
105Halliburton Company, Section 10b CEO totalDEF 14A2026-03-310000045012-26-000033CEO total compensation as printed in Halliburton Company's own proxy. As printed: 16,525,407. Filing ↗machine: r2 · c18 · span 2610544–2610554
106LyondellBasell Industries N.V., Section 10b CEO totalDEF 14A2026-04-100001308179-26-000250CEO total compensation as printed in LyondellBasell Industries N.V.'s own proxy. As printed: 15,577,445. Filing ↗machine: t221 · r1 · c18 · span 929522–929532
107HF Sinclair Corporation, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134743CEO total compensation as printed in HF Sinclair Corporation's own proxy. As printed: 14,278,553. Filing ↗machine: span 891119–891129
108CVR Energy, Inc., Section 10b CEO totalDEF 14A2026-04-210001376139-26-000022CEO total compensation as printed in CVR Energy, Inc.'s own proxy. As printed: 8,602,449. Filing ↗machine: span 526205–526214
109PBF Energy Inc., Section 10b CEO totalDEF 14A2026-03-170001140361-26-009843CEO total compensation as printed in PBF Energy Inc.'s own proxy. As printed: 7,887,020. Filing ↗machine: r2 · c27 · span 1240387–1240396
110Delek US Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-100001140361-26-008842CEO total compensation as printed in Delek US Holdings, Inc.'s own proxy. As printed: 7,683,786. Filing ↗machine: r3 · c25 · span 886124–886133
111Section 10a, RTX Corporation reciprocityDEF 14A—0001308179-26-000036RTX Corporation's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
112Section 10a, HF Sinclair Corporation reciprocityDEF 14A—0001193125-26-134743HF Sinclair Corporation names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
113Section 10a, Delek US Holdings, Inc. reciprocityDEF 14A—0001140361-26-008842Delek US Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
114Section 10a, ConocoPhillips reciprocityDEF 14A—0001104659-26-036366ConocoPhillips's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
115Section 10a, Lockheed Martin Corporation reciprocityDEF 14A—0000936468-26-000004Lockheed Martin Corporation's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
116Section 10a, PBF Energy Inc. reciprocityDEF 14A—0001140361-26-009843PBF Energy Inc. names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
117Section 10a, Chevron Corporation reciprocityDEF 14A—0001193125-26-145617Chevron Corporation names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
118Section 10a, EOG Resources, Inc. reciprocityDEF 14A—0001104659-26-036125EOG Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
119Section 10a, Exxon Mobil Corporation reciprocityDEF 14A—0001193125-26-147614Exxon Mobil Corporation's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
120Section 10a, General Motors Company reciprocityDEF 14A—0001467858-26-000022General Motors Company's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
121Section 10a, Halliburton Company reciprocityDEF 14A—0000045012-26-000033Halliburton Company's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
122Section 10a, Marathon Petroleum Corporation reciprocityDEF 14A—0001510295-26-000023Marathon Petroleum Corporation's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
123Section 10a, Phillips 66 reciprocityDEF 14A—0001534701-26-000010Phillips 66 names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
124Section 10a, Occidental Petroleum Corporation reciprocityDEF 14A—0001628280-26-019816Occidental Petroleum Corporation names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
125Section 10a, CVR Energy, Inc. reciprocityDEF 14A—0001376139-26-000022CVR Energy, Inc. names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗

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