2026 Valero Report on Guiding Principles - Report - Page 35
Introduction
Safety
$2.5 billion
Total People Investment
in 202529
Environment
Employees
Community
Governance
Appendix
GLOBAL COMPENSATION
BENEFITS AND PROGRAMS
$1.4 billion direct compensation
$349 million bonus payments
$115 million incentive stock awards
$362 million 昀椀nancial well-being
$339 million physical and
emotional well-being
Total Wellness and Rewards
Investment in Valero's Total Wellness bene昀椀ts and programs
support employees' 昀椀nancial, physical and emotional wellbeing and re昀氀ect a caring commitment to our people.
Our Total Wellness mission is to foster employee well-being by
promoting healthy lifestyles and sound 昀椀nancial decisions. From
hire to retire, this investment helps build a safe, healthy and
productive workforce committed to our shared success.
Our Approach:
• Offer competitive pay and bene昀椀ts that support employees through every stage of life, from early career
through retirement.
• Foster a wellness culture that provides meaningful resources and promotes access for all employees.
• Provide programs and resources that help employees and their families navigate health and well-being
challenges.
• Support long-term 昀椀nancial security through education, resources and compensation practices aligned with
our pay-for-performance philosophy.
• Offer 昀氀exible policies and support that address the diverse needs of our workforce.
We continually evaluate our bene昀椀ts and wellness programs to support positive outcomes for employees and
their families. Through peer benchmarking, employee surveys and exit interviews, we help ensure our programs
remain competitive and support our ability to attract and retain top talent.
1
Financial Well-Being and
Rewards
Supporting employees' 昀椀nancial well-being is an
important part of attracting, retaining and rewarding a
talented workforce. Valero's competitive compensation
and 昀椀nancial wellness programs help employees build
昀椀nancial stability throughout their careers.
Valero is
proud of
its highly
competitive
retention
rate of 97%.
Generous 401(k) Match —
98.7% of Eligible U.S.
Employees Enrolled in
401(k) Plan in 2025
Valero provides a retirement savings
plan designed to help employees
build long-term 昀椀nancial security. For
most U.S. employees, the company
match is available up to 7% of eligible
pay and vests immediately.
Company-Sponsored Pension Plan
As a unique additional layer of added 昀椀nancial security,
offered by less than 15% of private employers nationwide,
Valero provides a 100% employer-funded pension plan for
eligible U.S. employees. Employees become eligible after
one year of service and are fully vested after three years.
Annual pension contributions are based on age, years of
vesting service and eligible compensation.
Annual Merit and Bonus Awards
The annual merit award process adjusts eligible
employees’ salaries for market competitiveness,
performance and relativity to peers. Annual bonus awards
recognize employees who contribute to Valero’s success,
and serve as a pathway to review employee performance
over the past year. Compensation programs and processes
support fair and equitable pay for all employees.
Valero Report on Guiding Principles •
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