Monitor for any future board-level strategic shifts, but this appointment is a standard governance refresh with no immediate trading implications.
How the stock moved after the report
NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+20- T+0 · Sep 18 $413.28entry
- T+1 · 6w ago −4.84%α −6.39% · $393.27
- T+5 · 6w ago −6.32%α −7.58% · $387.18
- T+20 · 20d ago +7.61%α +7.40% · $444.71
- T+33 · todayOpen
- T+60 · in 6w Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Valero Energy elected Matthew Audette, President and CFO of LPL Financial, as an independent director and Audit Committee member, effective September 17, 2026. The board also approved a modest $10,000 increase to both the annual cash retainer and equity grant components of the non-employee director compensation program starting in 2027. This is a routine board appointment with no material financial impact.
Key Facts
- Board size increased to 11 members with the election of Matthew Audette as an independent director.
- Audette is President and CFO of LPL Financial Holdings Inc. (NASDAQ: LPLA).
- Audette received a pro-rata equity grant of 372 stock units vesting on the first anniversary and a pro-rata cash retainer of $101,667.
- The Board's Human Resources and Compensation Committee approved a $10,000 increase to both the annual cash retainer and equity grant components of the non-employee director compensation program beginning in 2027.
Financial Impact
No material financial impact. Director compensation adjustments are routine and immaterial relative to Valero's scale.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-062625 |
| Document: a9182026exh9901pressrelease.htm | 0001628280-26-062625 |
| Document: 0001628280-26-062625-index-headers.html | 0001628280-26-062625 |
| Document: 0001628280-26-062625-index.html | 0001628280-26-062625 |
| Document: 0001628280-26-062625.txt | 0001628280-26-062625 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 3, 2026 1d ago | 3 | $386.36 | awaiting T+1 | awaiting T+1 | $365.34 (−5.44%) |
Oct 30, 2026 5d ago | 8-K | $399.66 $381.46 | ▼ −4.55% | ▼ −4.07% | $365.34 (−8.59%) |
Oct 22, 2026 13d ago | 8-K | $426.28 $419.28 | ▼ −1.64% | ▼ −1.12% | $365.34 (−14.30%) |
Oct 16, 2026 19d ago | Institutional Cluster | $433.31 $433.42 | ▲ +0.03% | ▼ −0.31% | $365.34 (−15.69%) |
Oct 6, 2026 29d ago | 3/A | $424.10 $443.80 | ▲ +4.65% | ▲ +5.07% | $365.34 (−13.86%) |
Sep 18, 2026 6w ago | 8-K | $413.28 $393.27 | ▼ −4.84% | ▼ −6.39% | $365.34 (−11.60%) |
Jul 30, 2026 13w ago | 8-K | $311.71 $311.44 | ▼ −0.09% | ▼ −0.75% | $365.34 (+17.21%) |
May 8, 2026 25w ago | 8-K | $240.14 $247.01 | ▲ +2.86% | ▲ +2.63% | $365.34 (+52.14%) |
Apr 30, 2026 26w ago | 8-K | $251.91 $246.31 | ▼ −2.22% | ▼ −2.44% | $365.34 (+45.03%) |
Mar 19, 2026 32w ago | DEFA14A | $239.10 $237.26 | ▼ −0.77% | ▼ −1.87% | $365.34 (+52.80%) |
US Market Status
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