Summary
Valero Energy Corporation (VLO) announced on September 19, 2025, a change to its Board of Directors. The board size was increased to 10 members with the election of Robert L. Reymond. Mr. Reymond has been appointed to serve on the Nominating and Corporate Governance Committee and is expected to stand for re-election at the 2026 annual meeting. This appointment is part of the company's ongoing governance and board composition strategies. As part of his appointment, Mr. Reymond will receive pro-rata compensation in line with Valero's non-employee director program. This includes an equity grant of 924 stock units vesting in one year and a pro-rata annual cash retainer of $97,500. These compensation arrangements are standard for new board members and reflect the company's commitment to attracting and retaining experienced leadership.
Key Highlights
- 1Board size increased to 10 members.
- 2Robert L. Reymond elected as a new independent director.
- 3Mr. Reymond appointed to the Nominating and Corporate Governance Committee.
- 4Director's initial term expires at the 2026 annual meeting.
- 5Pro-rata equity grant of 924 stock units awarded to Mr. Reymond.
- 6Pro-rata annual cash retainer of $97,500 granted to Mr. Reymond.
- 7Information is furnished under Regulation FD and includes a press release as an exhibit.