---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-251319"
form_type: "8-K"
ticker: "VLO"
cik: "0001035002"
company_name: "VALERO ENERGY CORP/TX"
filed_at: "2022-09-26T23:59:59+00:00"
generated_at: "2026-06-23T07:23:06.397006+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Valero updates executive compensation peer group and performance share targets

## Summary
- Removes Ford Motor Co from comp peer group; adds LyondellBassell, Raytheon Technologies, and Lockheed Martin.
- Adds LyondellBassell to performance peer group for relative TSR measurement.
- Targets relative TSR above median (50th percentile) rather than median; caps payouts at 100% if Valero's TSR negative.
- Modifications result from stockholder engagement feedback and apply to future compensation grants.

## SEC filing metadata
- accession: 0001193125-22-251319
- form_type: 8-K
- ticker: VLO
- cik: 0001035002
- company_name: VALERO ENERGY CORP/TX
- filed_at: 2022-09-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035002/000119312522251319/0001193125-22-251319-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035002/000119312522251319/d359675d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-251319
- JSON: https://secwatch.observer/filing/0001193125-22-251319.json
- Plain text: https://secwatch.observer/filing/0001193125-22-251319.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.