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Energy

Valero Energy Executive Compensation (FY25)

VLO · San Antonio, TX · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
R. Lane Riggs
Latest say-on-pay support
=
May 7, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): May 8, 2026
15 filings cited on this page
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413 figures on this page: 402 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Valero Energy

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — R. Lane Riggs: $22,412,292 → $34,228,523 (52.7% higher)
Say-on-pay support: 75.1% → 92.6% (17.5 points higher)
CEO pay ratio: 116:1 → 162:1 (39.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Valero Energy's chief executive and what were they paid?
R. Lane Riggs was paid $34,228,523 in total compensation as Chairman, Chief Executive Officer and President for fiscal 2025. Compared with the $22,412,292 reported for fiscal 2024, Riggs' total was 52.7% higher.
What was Valero Energy's say-on-pay result?
Shareholders supported the say-on-pay proposal with 92.6% of votes cast for or against in favor at the meeting held May 7, 2026 for fiscal 2025.
Which companies are in Valero Energy's peer group?
The disclosed peer group includes Chevron Corporation, ConocoPhillips, Dow Inc., EOG Resources, Inc. and Exxon Mobil Corporation, among others. The Performance Peer Group includes CVR Energy, Inc., Delek US Holdings, Inc., Energy Select Sector SPDR Fund and PBF Energy Inc.
What is Valero Energy's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 162:1, against median employee compensation of $211,035.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joe Gorder
Executive Chairman
◇—◇—◇—◇◇
Lane Riggs
President and Chief Executive Officer
◇—◇—◇—◇◇
Jason Fraser
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Gary Simmons
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joe Gorder
Executive Chairman
◇—◇—◇◇◇◇
Joseph W. Gorder
Executive Chairman of the Board and former CEO
Departed during or after this year
◇—◇—◇◇◇◇
R. Lane Riggs
Chairman, Chief Executive Officer and President
◇—◇—◇◇◇◇
Lane Riggs
President and Chief Executive Officer
◇—◇—◇◇◇◇
Gary Simmons
EVP and Chief Operating Officer
◇—◇—◇◇◇◇
Jason Fraser
Retired EVP and Chief Financial Officer
◇—◇—◇◇◇◇
Cheryl L. Thomas
Retired SVP and Chief Technology Officer
Departed during or after this year
◇—◇—◇◇◇◇
Richard Walsh
EVP and General Counsel
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Lane Riggs
Chairman of the Board, Chief Executive Officer and President
◇—◇—◇◇◇◇
Gary K. Simmons
EVP and Chief Operating Officer
◇—◇—◇◇◇◇
Jason Fraser
Retired EVP and Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Jason W. Fraser
EVP and Chief Financial Officer
◇—◇—◇◇◇◇
Richard J. Walsh
EVP and General Counsel
◇—◇—◇◇◇◇
Eric Fisher
SVP Product Supply, Trading and Wholesale
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
R. Lane Riggs
Chairman, Chief Executive Officer and President
◇—◇—◇◇◇◇
Gary K. Simmons
EVP and Chief Operating Officer
◇—◇—◇◇◇◇
Jason W. Fraser
Retired EVP and Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Richard J. Walsh
EVP and General Counsel
◇—◇—◇◇◇◇
Eric A. Fisher
SVP Product Supply, Trading and Wholesale
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Eric A. FisherPSU◇—◇—◇—◇
Eric A. FisherRSU◇——◇——◇
Eric A. FisherPSU◇—◇—◇—◇
Eric A. FisherPSU◇—————◇
Eric A. FisherPSU◇—◇—◇—◇
Eric A. FisherPSU◇—◇—◇—◇
Gary K. SimmonsPSU◇—◇—◇—◇
Gary K. SimmonsPSU◇—————◇
Gary K. SimmonsPSU◇—◇—◇—◇
Gary K. SimmonsRSU◇——◇——◇
Gary K. SimmonsPSU◇—◇—◇—◇
Gary K. SimmonsPSU◇—◇—◇—◇
Jason W. FraserPSU◇—◇—◇—◇
Jason W. FraserRSU◇——◇——◇
Jason W. FraserPSU◇—————◇
Jason W. FraserPSU◇—◇—◇—◇
Jason W. FraserPSU◇—◇—◇—◇
R. Lane RiggsPSU◇—————◇
R. Lane RiggsPSU◇—◇—◇—◇
R. Lane RiggsPSU◇—◇—◇—◇
R. Lane RiggsPSU◇—◇—◇—◇
R. Lane RiggsRSU◇——◇——◇
R. Lane RiggsPSU◇—◇—◇—◇
Richard J. WalshPSU◇—————◇
Richard J. WalshPSU◇—◇—◇—◇
Richard J. WalshPSU◇—◇—◇—◇
Richard J. WalshPSU◇—◇—◇—◇
Richard J. WalshRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
R. Lane RiggsPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Gary K. SimmonsPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Jason W. FraserPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Richard J. WalshPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Eric A. FisherPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Eric A. Fisher
Senior Vice President · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Gary K. Simmons
Chief Operating Officer · Change-in-control agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Jason W. Fraser
Terms as described in the company’s compensation discussion
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
R. Lane Riggs
Chief Executive Officer · Change-in-control agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Richard J. Walsh
General Counsel · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
H. Paulett Eberhart
◇◇————◇
Rayford Wilkins, Jr
◇◇————◇
Deborah P. Majoras
◇◇————◇
Kimberly S. Greene
◇◇————◇
Marie A. Ffolkes
◇◇————◇
Randall J. Weisenburger
◇◇————◇
Eric D. Mullins
◇◇————◇
Fred M. Diaz
◇◇————◇
Robert L. Reymond
◇◇————◇
Robert A. Profusek
◇—————◇
Donald L. Nickles
◇—————◇
R. Lane Riggs served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Stock Units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Chevron Corporation CVX
  • ConocoPhillips COP
  • Dow Inc. DOW
  • EOG Resources, Inc. EOG
  • Exxon Mobil Corporation XOM
  • General Motors Company GM
  • Halliburton Company HAL
  • HF Sinclair Corporation DINO
  • Lockheed Martin Corporation LMT
  • LyondellBasell Industries N.V. LYB
  • Marathon Petroleum Corporation MPC
  • Occidental Petroleum Corporation OXY
  • Phillips 66 PSX
  • RTX Corporation RTX
Performance Peer Group
  • CVR Energy, Inc. CVI
  • Delek US Holdings, Inc. DK
  • Energy Select Sector SPDR Fund symbol not shown
  • PBF Energy Inc. PBF
Additional disclosed peer group
  • Adjusted EPS symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 7, 2026=◇◇◇
2024May 6, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 9, 2023=◇◇◇
2021April 28, 2022=◇◇◇
2020April 29, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018April 30, 2019=◇◇◇
2017May 3, 2018=◇◇◇
2016May 3, 2017=◇◇◇
2015May 12, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- R. Lane Riggs (Chairman, Chief Executive Officer and President), FY2025 total compensation $34,228,523 (base salary $1,720,000) [exec_comp, SEC accession 0001628280-26-019806, filed 2026-03-19]

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What this page does not include

Everything above is a fact Valero Energy disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
413 figures on this page: 402 cited to the filing that reported them, 11 calculated from figures it prints.
402 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001628280-26-032765
  2. 0001628280-26-019806
    Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Director Compensation · Grants of Plan-Based Awards · and 3 more sections
  3. 0001193125-25-116463
  4. 0001035002-25-000010
    Director Compensation · Summary Compensation Table
  5. 0001193125-24-142857
  6. 0001035002-24-000014
    Summary Compensation Table
  7. 0001193125-23-142878
  8. 0001035002-23-000040
    Summary Compensation Table
  9. 0001193125-22-138946
  10. 0001193125-21-150168
  11. 0001193125-20-133245
  12. 0001193125-19-132506
  13. 0001193125-18-155383
  14. 0001193125-17-160231
  15. 0001193125-16-594159
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Valero Energy executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/VLO (accessed 2026).
Short form: data: Velarion

The paid brief for Valero Energy

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Energy rankings

Chief executive pay — EnergyCEO pay ratio — EnergySay-on-pay support — Energy

Peers Valero Energy discloses

The companies named in VLO's own disclosed peer group.

Chevron CorporationConocoPhillipsDow Inc.EOG Resources, Inc.Exxon Mobil CorporationGeneral Motors CompanyHalliburton CompanyHF Sinclair CorporationLockheed Martin CorporationLyondellBasell Industries N.V.Marathon Petroleum CorporationOccidental Petroleum CorporationPhillips 66RTX CorporationCVR Energy, Inc.Delek US Holdings, Inc.PBF Energy Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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