Valero Energy Executive Compensation Revealed

Ticker: VLO · Form: DEF 14A · Filed: 2024-03-26T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, corporate-governance

Related Tickers: VLO

TL;DR

VLO proxy statement out, exec comp details for 2023 disclosed.

AI Summary

Valero Energy Corp. (VLO) filed its DEF 14A on March 26, 2024, detailing executive compensation for the fiscal year ending December 31, 2023. The filing includes information on compensation for key executives such as R. Lane Riggs and Joseph W. Gorder, with adjustments related to pension values and stock awards.

Why It Matters

This filing provides transparency into how Valero Energy compensates its top executives, which can influence investor perception and corporate governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing detailing executive compensation and is not indicative of immediate financial risk.

Key Players & Entities

Valero Energy Corp. (company) — Filer of the DEF 14A
R. Lane Riggs (person) — Executive mentioned in compensation details
Joseph W. Gorder (person) — Executive mentioned in compensation details
2023-12-31 (date) — Fiscal year end for compensation data
20240326 (date) — Filing date

FAQ

What is the primary purpose of this DEF 14A filing?

The primary purpose of this DEF 14A filing is to provide information regarding the solicitation of proxies for the company's annual meeting of stockholders, including details on executive compensation, director nominations, and other corporate governance matters.

Who are the key individuals whose compensation is detailed in this filing?

The filing details compensation for key individuals such as R. Lane Riggs and Joseph W. Gorder, among other executive officers and directors.

For which fiscal year does this filing provide compensation information?

This filing provides compensation information for the fiscal year ending December 31, 2023.

What types of adjustments are mentioned in relation to executive compensation?

The filing mentions adjustments related to 'ExclusionOfChangeInPensionValue', 'ExclusionOfStockAwards', 'InclusionOfPensionServiceCost', and 'InclusionOfEquityValues'.

When was this DEF 14A filing submitted to the SEC?

This DEF 14A filing was submitted to the SEC on March 26, 2024.

From the Filing

0001035002-24-000014.txt : 20240326 0001035002-24-000014.hdr.sgml : 20240326 20240326161855 ACCESSION NUMBER: 0001035002-24-000014 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 53 CONFORMED PERIOD OF REPORT: 20240515 FILED AS OF DATE: 20240326 DATE AS OF CHANGE: 20240326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALERO ENERGY CORP/TX CENTRAL INDEX KEY: 0001035002 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 741828067 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13175 FILM NUMBER: 24783783 BUSINESS ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 BUSINESS PHONE: 2103454524 MAIL ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 DEF 14A 1 vlo-20240325.htm DEF 14A vlo-20240325 VALERO ENERGY CORP/TX 0001035002 DEF 14A FALSE 0001035002 2023-01-01 2023-12-31 0001035002 vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 iso4217:USD 0001035002 vlo:JosephW.GorderMember 2023-01-01 2023-12-31 iso4217:USD xbrli:shares 0001035002 vlo:JosephW.GorderMember 2022-01-01 2022-12-31 0001035002 2022-01-01 2022-12-31 0001035002 vlo:JosephW.GorderMember 2021-01-01 2021-12-31 0001035002 2021-01-01 2021-12-31 0001035002 vlo:JosephW.GorderMember 2020-01-01 2020-12-31 0001035002 2020-01-01 2020-12-31 0001035002 ecd:PeoMember vlo:AdjustmentExclusionOfChangeInPensionValueMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:AdjustmentExclusionOfStockAwardsMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:AdjustmentInclusionOfPensionServiceCostMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:R.LaneRiggsMember vlo:AdjustmentInclusionOfEquityValuesMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:JosephW.GorderMember vlo:AdjustmentExclusionOfChangeInPensionValueMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:AdjustmentExclusionOfStockAwardsMember vlo:JosephW.GorderMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:AdjustmentInclusionOfPensionServiceCostMember vlo:JosephW.GorderMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:JosephW.GorderMember vlo:AdjustmentInclusionOfEquityValuesMember 2023-01-01 2023-12-31 0001035002 ecd:NonPeoNeoMember vlo:AdjustmentAverageExclusionOfChangeInPensionValueMember 2023-01-01 2023-12-31 0001035002 ecd:NonPeoNeoMember vlo:AdjustmentAverageExclusionOfStockAwardsMember 2023-01-01 2023-12-31 0001035002 ecd:NonPeoNeoMember vlo:AdjustmentAverageInclusionOfPensionServiceCostMember 2023-01-01 2023-12-31 0001035002 ecd:NonPeoNeoMember vlo:AdjustmentAverageInclusionOfEquityValuesMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:EquityAwardsGrantedDuringTheYearUnvestedMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:EquityAwardsGrantedInPriorYearsUnvestedMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:EquityAwardsGrantedDuringTheYearVestedMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:EquityAwardsGrantedInPriorYearsVestedMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:EquityAwardsGrantedInPriorYearsForfeitedMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:EquityAwardsValueOfDividendsAndOtherEarningsPaidAdjustmentMember vlo:R.LaneRiggsMember 2023-01-01 2023-12-31 0001035002 vlo:R.LaneRiggsMember vlo:AdjustmentInclusionOfEquityValuesMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:JosephW.GorderMember vlo:EquityAwardsGrantedDuringTheYearUnvestedMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:JosephW.GorderMember vlo:EquityAwardsGrantedInPriorYearsUnvestedMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMember vlo:JosephW.GorderMember vlo:EquityAwardsGrantedDuringTheYearVestedMember 2023-01-01 2023-12-31 0001035002 ecd:PeoMem