Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-05-08

Valero Energy (VLO)

Fiscal year 2025 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
Companies that benchmark against VLO
13 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.

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 FY20242025
R. Lane Riggs$34,228,523$22,412,292$20,140,932+11,816,231
Gary K. Simmons12,686,8728,043,932+4,642,940
Jason W. Fraser11,266,8817,726,853+3,540,028
Richard J. Walsh7,926,9804,877,517+3,049,463
Eric A. Fisher6,244,726

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
R. Lane RiggsPSU2025-02-2613,76313,76327,526$2,974,460
Jason W. FraserPSU2025-02-265,1335,13310,2661,109,344
Jason W. FraserPSU2025-02-265,4205,42010,840896,143
R. Lane RiggsPSU2025-01-161,918,289
Jason W. FraserPSU2025-02-265,1705,17010,3401,042,841
Cheryl L. ThomasPSU2023-02-2372,4774,954391,539
Eric A. FisherRSU2025-02-268,1201,065,344
Richard J. WalshPSU2025-02-262,3062,3064,612465,143
Gary K. SimmonsPSU2025-02-264,9974,9979,9941,079,952
Gary K. SimmonsPSU2025-02-266,0246,02412,048996,008
Richard J. WalshPSU2025-02-263,4843,4846,968576,045
Eric A. FisherPSU2025-02-262,0662,0664,132416,733
Gary K. SimmonsPSU2025-02-261,1581,1582,316233,580
Gary K. SimmonsRSU2025-02-2618,0702,370,783
Eric A. FisherPSU2025-02-2614014028028,239
Jason W. FraserRSU2025-02-2616,2602,133,311
Gary K. SimmonsPSU2025-02-263,0363,0366,072612,392
R. Lane RiggsRSU2025-02-2647,1506,186,078
Jason W. FraserPSU2025-01-16715,526
R. Lane RiggsPSU2025-02-262,9842,9845,968601,903
R. Lane RiggsPSU2025-02-2615,71715,71731,4342,598,649
R. Lane RiggsPSU2025-02-267,3437,34314,6861,481,157
Eric A. FisherPSU2025-02-262,2902,2904,580494,915
Eric A. FisherPSU2025-01-16319,157
Eric A. FisherPSU2025-02-262,7072,7075,414447,575
Gary K. SimmonsPSU2025-01-16696,432
Richard J. WalshPSU2025-02-262,5232,5235,046545,271
Richard J. WalshPSU2025-01-16351,770
Richard J. WalshRSU2025-02-2610,4501,371,039
Gary K. SimmonsPSU2023-07-201,1592,318133,111
R. Lane RiggsPSU2023-02-23711,26022,5201,621,665
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
R. Lane Riggs$6,186,078$11,196,123$064.4%
Jason W. Fraser2,133,3113,763,854063.8%
Cheryl L. Thomas0391,5390100.0%
Eric A. Fisher1,065,3441,706,619061.6%
Richard J. Walsh1,371,0391,938,229058.6%
Gary K. Simmons2,370,7833,751,475061.3%

% 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 RiggsPSU7,343$2,092,014
R. Lane RiggsPSU2,984850,089
Richard J. WalshRSU6,3371,031,600
R. Lane RiggsPSU27,5268,961,915
Eric A. FisherPSU8,1202,423,455
Richard J. WalshRSU1,399227,743
R. Lane RiggsPSU47,15014,071,893
Jason W. FraserPSU16,2604,852,770
Jason W. FraserPSU10,2663,342,404
R. Lane RiggsRSU16,6942,717,616
Jason W. FraserRSU9,8611,605,272
Jason W. FraserPSU5,1701,472,924
Jason W. FraserRSU6,2261,013,531
Gary K. SimmonsRSU6,060986,507
Gary K. SimmonsPSU3,036864,903
Eric A. FisherRSU4,924801,578
Richard J. WalshPSU2,306657,020
Jason W. FraserRSU3,135510,347
Richard J. WalshRSU3,060498,137
Gary K. SimmonsPSU1,158329,975
Gary K. SimmonsRSU1,842299,859
R. Lane RiggsRSU1,809294,487
Gary K. SimmonsRSU702114,279
Eric A. FisherRSU1,253203,976
Eric A. FisherPSU2,066588,649
Gary K. SimmonsPSU9,9933,253,521
Eric A. FisherPSU4,5801,491,156
R. Lane RiggsRSU4,453724,904
Gary K. SimmonsPSU18,0705,392,907
Richard J. WalshPSU10,4503,118,731
Gary K. SimmonsRSU10,9591,784,016
Richard J. WalshPSU5,0461,642,877
Eric A. FisherRSU2,777452,068
R. Lane RiggsRSU28,5964,655,143
05

Incentive-plan design — the Compensation Discussion & Analysis

Tightly link company performance and executive pay; Balance compensation over the short and long term; Align the interests of executives and stockholders; Facilitate retention of top executive talent; Manage risk and adopt best practices in executive pay; Reward HSE performance and advance other strategic goals through executive incentives

CEO STI target (% of salary)160%
CEO LTI target (% of salary)
Independent consultantExequity LLP
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 · Lead Independent Director · Audit (Chair) · Sustainability and Public Policy$205,000$200,082$0$0$405,082
Rayford Wilkins JrIndependent · Human Resources and Compensation (Chair) · Sustainability and Public Policy155,000200,08200355,082
Rayford Wilkins, JrIndependent · Human Resources and Compensation (Chair) · Sustainability and Public Policy155,000200,082000355,082
Kimberly S. GreeneIndependent · Nominating and Corporate Governance (Chair) · Sustainability and Public Policy155,000200,08200355,082
Deborah P. MajorasIndependent · Nominating and Corporate Governance · Sustainability and Public Policy (Chair)155,000200,08200355,082
Randall J. WeisenburgerIndependent · Human Resources and Compensation130,000200,08200330,082
Marie A. FfolkesIndependent · Nominating and Corporate Governance130,000200,08200330,082
Eric D. MullinsIndependent · Audit · Human Resources and Compensation130,000200,08200330,082
Fred M. DiazIndependent · Audit130,000200,08200330,082
Robert L. ReymondIndependent · Nominating and Corporate Governance · Newly elected43,333150,01100193,344
Robert A. ProfusekIndependent · Human Resources and Compensation · Sustainability and Public Policy · Departed during FY115,00000115,000
Donald L. NicklesIndependent · Human Resources and Compensation · Departed during FY65,000000065,000
R. Lane RiggsEmployee director · Board Chair00000
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 guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,568,333
Equity awards (grant-date value)$1,950,749
All other compensation$0
Total cost of the board$3,519,082

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
Delek US Holdings, Inc.not in coverage universe
Energy Select Sector SPDR Fundnot 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 LLP
Chevron Corporation125%PSU 50 · RSU 25 · Options 25Yes — Relative Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
ConocoPhillipsnot disclosednot disclosednot disclosednot disclosed
CVR Energy, Inc.113%RSU 100not disclosedNone (not engaged in 2025)
Delek US Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
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 disclosedPSU 50 · Cash LTI 50Yes — Total Shareholder Return (TSR)not disclosed
HF Sinclair Corporationnot disclosednot disclosednot disclosedMeridian 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 disclosedRSU 40 · PSU 30 · Cash LTI 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.

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 14ASection “Executive Compensation”. As printed: 34,228,523.
2Section 01, Gary K. SimmonsDEF 14ASection “Executive Compensation”. As printed: 12,686,872.
3Section 01, Jason W. FraserDEF 14ASection “Executive Compensation”. As printed: 11,266,881.
4Section 01, Richard J. WalshDEF 14ASection “Executive Compensation”. As printed: 7,926,980.
5Section 01, Eric A. FisherDEF 14ASection “Executive Compensation”. As printed: 6,244,726.
6Section 03, R. Lane Riggs PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r7 · c11 · span 1155139–1155148
7Section 03, Jason W. Fraser PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r15 · c11 · span 1170534–1170543
8Section 03, Jason W. Fraser PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r14 · c11 · span 1168552–1168559
9Section 03, R. Lane Riggs PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r10 · c11 · span 1160855–1160864
10Section 03, Jason W. Fraser PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t261 · r8 · c6 · span 1280923–1280928
11Section 03, Cheryl L. Thomas PSUDEF 14A2025-03-180001035002-25-000010Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
12Section 03, Eric A. Fisher RSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r34 · c9 · span 1205025–1205030
13Section 03, Richard J. Walsh PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t261 · r15 · c6 · span 1293697–1293702
14Section 03, Gary K. Simmons PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r22 · c11 · span 1183459–1183468
15Section 03, Gary K. Simmons PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r21 · c11 · span 1181478–1181485
16Section 03, Richard J. Walsh PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r29 · c10 · span 1196107–1196114
17Section 03, Eric A. Fisher PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t261 · r18 · c6 · span 1299205–1299210
18Section 03, Gary K. Simmons PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t261 · r14 · c6 · span 1291736–1291741
19Section 03, Gary K. Simmons RSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r19 · c9 · span 1177809–1177815
20Section 03, Eric A. Fisher PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t261 · r21 · c6 · span 1304731–1304734
21Section 03, Jason W. Fraser RSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r12 · c9 · span 1164720–1164726
22Section 03, Gary K. Simmons PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t261 · r11 · c6 · span 1286447–1286452
23Section 03, R. Lane Riggs RSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r4 · c9 · span 1149440–1149446
24Section 03, Jason W. Fraser PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r17 · c11 · span 1174151–1174158
25Section 03, R. Lane Riggs PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t261 · r7 · c6 · span 1278923–1278928
26Section 03, R. Lane Riggs PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r6 · c11 · span 1153229–1153238
27Section 03, R. Lane Riggs PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t261 · r4 · c6 · span 1273606–1273611
28Section 03, Eric A. Fisher PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r37 · c11 · span 1210841–1210848
29Section 03, Eric A. Fisher PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r40 · c11 · span 1216731–1216738
30Section 03, Eric A. Fisher PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r36 · c11 · span 1208860–1208867
31Section 03, Gary K. Simmons PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r25 · c11 · span 1189072–1189079
32Section 03, Richard J. Walsh PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r30 · c11 · span 1197938–1197945
33Section 03, Richard J. Walsh PSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r32 · c11 · span 1201293–1201300
34Section 03, Richard J. Walsh RSUDEF 14A2026-03-190001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r27 · c9 · span 1192608–1192614
35Section 03, Gary K. Simmons PSUDEF 14A2025-03-180001628280-26-019806Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t251 · r18 · c5 · span 1175692–1175693
36Section 03, R. Lane Riggs PSUDEF 14A2025-03-180001035002-25-000010Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
37Section 07, pay ratioDEF 14A2026-03-190001628280-26-019806Section “CEO Pay Ratio”. As printed: 162 : 1. Filing ↗machine: span 1508133–1508136
38Section 08, H. Paulett EberhartDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 405,082. Filing ↗machine: t292 · r3 · c5 · span 1465144–1465151
39Section 08, Rayford Wilkins JrDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 355,082. Filing ↗machine: t292 · r12 · c5 · span 1475415–1475422
40Section 08, Rayford Wilkins, JrDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 355,082. Filing ↗machine: t292 · r12 · c5 · span 1475415–1475422
41Section 08, Kimberly S. GreeneDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 355,082. Filing ↗machine: t292 · r5 · c5 · span 1467388–1467395
42Section 08, Deborah P. MajorasDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 355,082. Filing ↗machine: t292 · r6 · c5 · span 1468511–1468518
43Section 08, Randall J. WeisenburgerDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 330,082. Filing ↗machine: t292 · r11 · c5 · span 1474162–1474169
44Section 08, Marie A. FfolkesDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 330,082. Filing ↗machine: t292 · r4 · c5 · span 1466265–1466272
45Section 08, Eric D. MullinsDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 330,082. Filing ↗machine: t292 · r7 · c5 · span 1469631–1469638
46Section 08, Fred M. DiazDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 330,082. Filing ↗machine: t292 · r2 · c5 · span 1464020–1464027
47Section 08, Robert L. ReymondDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 193,344. Filing ↗machine: t292 · r9 · c5 · span 1471912–1471919
48Section 08, Robert A. ProfusekDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 115,000. Filing ↗machine: t292 · r8 · c1 · span 1470193–1470200
49Section 08, Donald L. NicklesDEF 14A2025-03-180001035002-25-000010Section “Director Compensation”. As printed: 65,000. Filing ↗
50Section 08, R. Lane RiggsDEF 14A2026-03-190001628280-26-019806Section “Director Compensation”. As printed: 0. Filing ↗machine: t292 · r10 · c5 · span 1472959–1472960
51Section 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 ↗
52Section 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 ↗
53Section 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 ↗
54Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
55Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
56Section 09b board cost (computed)ComputedcomputedCash 1,568,333 + equity 1,950,749 + all other 0 = 3,519,082, summed across the director compensation table rows.machine: formula: Σ = 3,519,082
57Valero Energy (subject), Section 10b CEO totalDEF 14ACEO total compensation as printed in Valero Energy's own proxy. As printed: 34,228,523.
58Exxon 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
59General 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
60Chevron 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
61RTX 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
62Lockheed 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
63ConocoPhillips, 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
64Phillips 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
65Dow 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
66Marathon 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
67Occidental 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
68EOG 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: t153 · r6 · c17 · span 1140550–1140560
69Halliburton 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: t159 · r2 · c18 · span 2610544–2610554
70LyondellBasell 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
71HF 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
72CVR 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
73PBF 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
74Section 10a, General Motors Company reciprocityDEF 14A0001467858-26-000022General Motors Company's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
75Section 10a, RTX Corporation reciprocityDEF 14A0001308179-26-000036RTX Corporation's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
76Section 10a, HF Sinclair Corporation reciprocityDEF 14A0001193125-26-134743HF Sinclair Corporation names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
77Section 10a, Occidental Petroleum Corporation reciprocityDEF 14A0001628280-26-019816Occidental Petroleum Corporation names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
78Section 10a, ConocoPhillips reciprocityDEF 14A0001104659-26-036366ConocoPhillips's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
79Section 10a, Phillips 66 reciprocityDEF 14A0001534701-26-000010Phillips 66 names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
80Section 10a, EOG Resources, Inc. reciprocityDEF 14A0001104659-26-036125EOG Resources, Inc.'s most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
81Section 10a, Halliburton Company reciprocityDEF 14A0000045012-26-000033Halliburton Company's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
82Section 10a, Lockheed Martin Corporation reciprocityDEF 14A0000936468-26-000004Lockheed Martin Corporation's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
83Section 10a, Chevron Corporation reciprocityDEF 14A0001193125-26-145617Chevron Corporation names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, Marathon Petroleum Corporation reciprocityDEF 14A0001510295-26-000023Marathon Petroleum Corporation's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
85Section 10a, Exxon Mobil Corporation reciprocityDEF 14A0001193125-26-147614Exxon Mobil Corporation's most recent proxy was read; its disclosed peer group does not include Valero Energy. Filing ↗
86Section 10a, CVR Energy, Inc. reciprocityDEF 14A0001376139-26-000022CVR Energy, Inc. names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, PBF Energy Inc. reciprocityDEF 14A0001140361-26-009843PBF Energy Inc. names Valero Energy in its own disclosed peer group (read from its most recent proxy). Filing ↗