VLO insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Gary Simmons EVP & COO	4,000	n/a	1.7%	230K	Sep 16, 2026	Sep 18, 2026

What stands out

Eric Fisher sold 67% of vested holdings: 31K shares for $7.7M, none under a disclosed plan.Largest sale, Jun 29, 2026

Jason Fraser (6.7% of holdings) sold $1.7M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Nov 21, 2025

Tax withholding outweighed market sales: the company withheld $15.6M of officers' and directors' shares for taxes, against $9.4M sold on the open market. The largest was Lane Riggs ($8.4M withheld).Largest withholding, Jan 21, 2026

Percentages cover 15 of 16 officers and directors. Left out: Rayford Wilkins Jr. (most holdings were last confirmed in 2020). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period

Eric Fisher

SVP

67% · $7.7MNo plan disclosed

Jason Fraser

EVP & CFO

6.7% · $1.7MNo plan disclosed

Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed

Outside holders, reported separately

VALERO ENERGY CORP/TX reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Valero Energy CEO selling stock?

No. Lane Riggs reported no open-market sales in the past 12 months.

Why are Valero Energy insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Valero Energy insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Valero Energy insiders sell?

About 3.9% overall. As a group they ended with more shares than they started with. The biggest individual seller, Eric Fisher, gave up 67% of starting holdings. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Eric Fisher SVP	$7.7M 31K shares	67%	No plan disclosed
Jason Fraser EVP & CFO	$1.7M 9.9K shares	6.7%	No plan disclosed

Outside holder, reported separately: VALERO ENERGY CORP/TX (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture16 of 16 insiders fully reconciled · 16 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 8, 2025

Sold

Held Oct 8, 2026

Still held

Lane Riggs

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

CEO & President, Director

351K

389K

no sales

Vesting, gifts, unvested awards and holding lines for Lane Riggs

+72Kshares vested or exercised

−6.8Kgifted (net of own trusts)

−43Kwithheld by the company for taxes

85K → 83Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	351,037	389,126

Additional holdings last reported Feb 26, 2020, not confirmed since: 342,837 shares. Not included in any total or percentage on this page.

Direct, Common Stock,: 107,131 shares, last reported Oct 23, 2016
Direct, Common Stock, $.01 par value: 235,706 shares, last reported Feb 26, 2020

Gary Simmons

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

EVP & COO

219K

230K

no sales

Vesting, gifts, unvested awards and holding lines for Gary Simmons

+28Kshares vested or exercised

−4.8Kgifted (net of own trusts)

−16Kwithheld by the company for taxes

32K → 30Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	218,723	230,367

Additional holdings last reported Feb 26, 2020, not confirmed since: 136,075 shares. Not included in any total or percentage on this page.

Direct, Common Stock, $.01 par value: 126,997 shares, last reported Feb 26, 2020
thrift plan, common stock: 9,078 shares, last reported Jan 26, 2017

Jason Fraser

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

EVP & CFO

149K

−9.9K

134K

90%

Vesting, gifts, unvested awards and holding lines for Jason Fraser

0shares vested or exercised

−4.9Kgifted (net of own trusts)

32K → 32Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	149,006	134,196

Additional holdings last reported Jul 15, 2020, not confirmed since: 66,133 shares. Not included in any total or percentage on this page.

Direct, Common Stock, $.01 par value: 66,133 shares, last reported Jul 15, 2020

Randall Weisenburger

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

112K

113K

no sales

Vesting, gifts, unvested awards and holding lines for Randall Weisenburger

+1.4Kshares vested or exercised

0gifted (net of own trusts)

3.3K → 2.8Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	111,758	112,835

Additional holdings last reported Mar 12, 2020, not confirmed since: 100,274 shares. Not included in any total or percentage on this page.

Direct, Common Stock, $.01 par value: 100,274 shares, last reported Mar 12, 2020

Richard Walsh

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

EVP & GC

92K

97K

no sales

Vesting, gifts, unvested awards and holding lines for Richard Walsh

+15Kshares vested or exercised

−4.4Kgifted (net of own trusts)

−9.4Kwithheld by the company for taxes

18K → 29Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	91,597	97,091

Additional holdings last reported Jul 15, 2020, not confirmed since: 74,165 shares. Not included in any total or percentage on this page.

Direct, Common Stock, $.01 par value: 59,329 shares, last reported Jul 15, 2020
Thrift Plan, Common Stock, $.01 par value: 14,836 shares, last reported Jul 15, 2020

Eric Fisher

SVP

46K

−31K

21K

45%

Vesting, gifts, unvested awards and holding lines for Eric Fisher

+13Kshares vested or exercised

−1.8Kgifted (net of own trusts)

−7.5Kwithheld by the company for taxes

29K → 28Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	44,729	19,742
Thrift Plan	Common Stock	1,179	1,179
Andrew Fisher Trust	Common Stock	200	0
John Fisher Trust	Common Stock	200	0

Rayford Wilkins Jr.

Most of this insider's holdings were last confirmed in 2020. Confirmed in the last three years: 43,079 shares. Not confirmed since: 43,401 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.

Director

42K

43K

see note

Vesting, gifts, unvested awards and holding lines for Rayford Wilkins Jr.

+1.4Kshares vested or exercised

0gifted (net of own trusts)

3.3K → 2.8Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	42,002	43,079

Additional holdings last reported Apr 30, 2020, not confirmed since: 43,401 shares. Not included in any total or percentage on this page.

Direct, Common Stock, $.01 par value: 31,999 shares, last reported Apr 30, 2020
Direct, Common Stock, $/01 par value: 11,402 shares, last reported Apr 28, 2011

Deborah Majoras

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

29K

30K

no sales

Vesting, gifts, unvested awards and holding lines for Deborah Majoras

+1.4Kshares vested or exercised

0gifted (net of own trusts)

3.3K → 2.8Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	29,221	30,091

Additional holdings last reported Apr 30, 2020, not confirmed since: 19,213 shares. Not included in any total or percentage on this page.

Direct, Common Stock, $.01 par value: 19,213 shares, last reported Apr 30, 2020

Harminder Bhullar

Started reporting during the period; starting holdings are from the Form 3.

SVP & CFO

22K

29K

no sales

Vesting, gifts, unvested awards and holding lines for Harminder Bhullar

+6.3Kshares vested or exercised

0gifted (net of own trusts)

−4.4Kwithheld by the company for taxes

7.2K → 18Kunvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	21,512	28,599

Paulett Eberhart

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

15K

16K

no sales

Vesting, gifts, unvested awards and holding lines for Paulett Eberhart

+1.4Kshares vested or exercised

0gifted (net of own trusts)

3.3K → 2.8Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	14,794	15,664

Additional holdings last reported Nov 2, 2019, not confirmed since: 9,684 shares. Not included in any total or percentage on this page.

Direct, Common Stock, $.01 par value: 4,571 shares, last reported Nov 2, 2019
Direct, Common Stock, $/01 par value: 5,113 shares, last reported May 3, 2017

Kimberly Greene

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

15K

no sales

Vesting, gifts, unvested awards and holding lines for Kimberly Greene

+1.4Kshares vested or exercised

0gifted (net of own trusts)

3.3K → 2.8Kunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	14,599	15,469

Additional holdings last reported Apr 30, 2019, not confirmed since: 5,720 shares. Not included in any total or percentage on this page.

Direct, Common Stock, $.01 par value: 5,720 shares, last reported Apr 30, 2019

Eric Mullins

Director

10K

12K

no sales

Vesting, gifts, unvested awards and holding lines for Eric Mullins

+1.4Kshares vested or exercised

0gifted (net of own trusts)

3.3K → 2.8Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	10,290	11,671

Fred Diaz

Director

3.8K

4.7K

no sales

Vesting, gifts, unvested awards and holding lines for Fred Diaz

+1.4Kshares vested or exercised

0gifted (net of own trusts)

3.3K → 2.8Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	3,782	4,652

Marie Ffolkes

Director

1.9K

2.8K

no sales

Vesting, gifts, unvested awards and holding lines for Marie Ffolkes

+1.4Kshares vested or exercised

0gifted (net of own trusts)

3.3K → 2.8Kunvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	1,944	2,814

Robert Reymond

Director

451

1.4K

no sales

Vesting, gifts, unvested awards and holding lines for Robert Reymond

+924shares vested or exercised

0gifted (net of own trusts)

924 → 939unvested awards, start → end

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Direct	Common Stock	451	1,375

Matthew Audette

Started reporting during the period; starting holdings are from the Form 3.

Director

115

no sales

Vesting, gifts, unvested awards and holding lines for Matthew Audette

0shares vested or exercised

0gifted (net of own trusts)

0 → 372unvested awards, start → end

Started reporting during the period; starting holdings are from the Form 3.

Held through	Share class	Oct 8, 2025	Oct 8, 2026
Trust	Common Stock	115	115

16 of 16 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (16 exactly, 0 with a minor or footnoted difference). Percentages cover 15 of 16 officers and directors. Left out: Rayford Wilkins Jr. (most holdings were last confirmed in 2020). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$9.4M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $9.4M across 41,144 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $9.4M

Sales with no 10b5-1 plan and no tax reference in the filing. $7.7M of it is Eric Fisher. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Eric Fisher, Jun 29, 2026

Taxes

80,774 shares ($15.6M) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Eric Fisher SVP	31K	$7.7M	0%	82%	Mar 11, 2026 to Jun 29, 2026
Jason Fraser EVP & CFO	9.9K	$1.7M	0%	18%	Nov 21, 2025 to Nov 21, 2025

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$1.7M	$0	$0	$1.7M
Dec 2025	$0	$0	$0	$0
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$2.0M	$0	$0	$2.0M
Apr 2026	$0	$0	$0	$0
May 2026	$1.9M	$0	$0	$1.9M
Jun 2026	$3.8M	$0	$0	$3.8M
Jul 2026	$0	$0	$0	$0
Aug 2026	$0	$0	$0	$0
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 2 insiders sold; the average is 1 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 8, 2026 Latest 12 months	41K	2	$9.4M
Oct 8, 2025 1 year earlier	0	0	$0
Oct 8, 2024 2 years earlier	720	1	$114K
Oct 9, 2023 3 years earlier	115K	2	$15.3M
Oct 9, 2022 4 years earlier	45K	2	$4.5M
Oct 9, 2021 5 years earlier	39K	1	$2.3M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Inferred typo: the share class "Common Stock, $.01 par vaule" is treated as the same class as "Common Stock, $.01 par value" on 6 holding lines, because the two spellings are nearly identical and each balance carried over exactly. Example (William Klesse, 803,083 shares): old title, new title

Inferred typo: the share class "Commn Stock, $.01 par value" is treated as the same class as "Common Stock, $.01 par value" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Michael Ciskowski, 82,233 shares): old title, new title

Inferred typo: the share class "Common Stock, $.01 par valur" is treated as the same class as "Common Stock, $.01 par value" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (BRADFORD W E, 52,339 shares): old title, new title

Inferred typo: the share class "Common Stock, .01 par value" is treated as the same class as "Common Stock, $.01 par value" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Joseph Gorder, 338,957 shares): old title, new title

Inferred typo: the share class "Commons Stock, $.01 par value" is treated as the same class as "Common Stock, $.01 par value" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Gary Simmons, 102,260 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,351 filings from SEC EDGAR, and how we read them

All 1,351 Forms 3, 4 and 5 filed for Valero Energy (SEC CIK 1035002) from Aug 11, 1997 to Oct 6, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages. 15 filings were left out because Valero Energy filed them as an owner of another company's stock. 285 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Dec 15, 2005 (split date stated in a footnote). Splits aren't reported as transactions; 11 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (28)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Joseph Gorder	Nov 8, 2024	1,002,133 shares, last reported balance as of Nov 7, 2024
Robert Profusek	May 17, 2024	81,851 shares, last reported balance as of May 9, 2024
Donald Nickles	May 13, 2024	58,859 shares, last reported balance as of May 9, 2024
Philip Pfeiffer	May 2, 2023	50,962 shares, last reported balance as of Apr 28, 2023
Cheryl Thomas	Feb 24, 2023	122,473 shares, last reported balance as of Feb 23, 2023
Stephen Waters	May 2, 2022	26,038 shares, last reported balance as of Apr 29, 2022
Donna Titzman	Feb 28, 2020	213,310 shares, last reported balance as of Feb 26, 2020
Jay Browning	Nov 2, 2018	223,046 shares, last reported balance as of Oct 31, 2018
Michael Ciskowski	Jan 25, 2018	785,586 shares, last reported balance as of Jan 23, 2018
Susan Purcell	Jun 21, 2017	18,515 shares, last reported balance as of Jun 21, 2017
Michael Crownover	Nov 24, 2015	139,359 shares, last reported balance as of Nov 24, 2015
Jerry Choate	May 1, 2015	98,044 shares, last reported balance as of Apr 30, 2015
William Klesse	Nov 17, 2014	2,864,095 shares, last reported balance as of Nov 14, 2014
Eugene Edwards	Jan 23, 2014	241,748 shares, last reported balance as of Jan 21, 2014
Ruben Escobedo	May 6, 2013	86,796 shares, last reported balance as of May 2, 2013
Bob Marbut	May 6, 2013	40,916 shares, last reported balance as of May 2, 2013
Kimberly Bowers	Apr 17, 2013	172,638 shares, last reported balance as of Apr 15, 2013
Ronald Calgaard	Feb 20, 2013	36,124 shares, last reported balance as of Feb 15, 2013
Jean Bernier	Mar 16, 2012	52,225 shares, last reported balance as of Mar 15, 2012
Richard Marcogliese	Oct 27, 2010	223,866 shares, last reported balance as of Oct 25, 2010
Irl Engelhardt	Apr 30, 2010	53,155 shares, last reported balance as of Apr 29, 2010
BRADFORD W E	May 4, 2009	84,035 shares, last reported balance as of Apr 30, 2009
Gregory King	Oct 31, 2007	682,632 shares, last reported balance as of Oct 29, 2007
William Greehey	Dec 14, 2006	23,526,029 shares, last reported balance as of Dec 7, 2006
Glenn Biggs	May 1, 2006	25,922 shares, last reported balance as of Apr 28, 2006
Keith Booke	Nov 1, 2005	532,512 shares, last reported balance as of Oct 29, 2005
Robert Dettmer	Oct 28, 2003	19,082 shares, last reported balance as of Oct 24, 2003
John Gibbons		No balance on record

Valero Energy insiders sold $9.4M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Outside holders, reported separately

Common questions

Is the Valero Energy CEO selling stock?

Why are Valero Energy insiders selling?

Are any Valero Energy insiders buying?

How much of their stake did Valero Energy insiders sell?

The evidence

No plan disclosed · $9.4M

Taxes

Sales by month