2025 Valero Report on Guiding Principles - Flipbook - Page 64
Executive Compensation45
Valero’s executive pay program is designed to reward executives for superior company performance. The program
design emphasizes variable incentive pay (delivered through annual and long-term incentives) such that an
executive’s pay ultimately realized is signi昀椀cantly dependent upon the achievement of both absolute and relative
performance measures.
Executive Pay is aligned with company performance and long-term stockholder value creation:
• Tight linkage of company performance and executive pay.
• Alignment of interests of executives and stockholders.
• Risk management and adoption of best practices in executive pay.
• Balance of compensation over short- and long-term periods.
• Retention of top executive talent
Signi昀椀cant 2024 Business and Organizational Achievements Related to
Compensation Targets:46
$8.58
Earned $8.58 per share
per share
BEST
Tier 1 API Process
Safety performance
ever
completed
SAF
project on schedule
and under budget
64
Achieved best-ever
Tier 1 API Process Safety
performance in the re昀椀ning
segment.
Returned $4.3 billion to
stockholders through
stock purchases totaling
$2.9 billion and dividend
payments of $1.4 billion.
Achieved second best-ever
environmental performance
as measured through our
re昀椀nery Environmental
Scorecard Incidents metric
(on a weighted basis).
returned
$4.3
billion
2nd
BEST
environmental
performance ever
Successfully completed and started up the large-scale SAF project at our renewable
diesel plant in Texas on schedule and under budget, providing the plant the optionality
to upgrade approximately 50 percent of its current renewable diesel annual
production capacity to neat SAF.
