Joseph W. Gorder has been leading Valero Energy since May 2014, after previously serving as President and COO. He has deep roots in the refining and energy business, starting his career in operations and commercial roles. Gorder held various key...

Current Market Cap

$44.46B

Number of Employees

9.91K

Total Compensation

2019 - 2023

Trending up by 54.98% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Down by -20.00% last year

Bonus

Down by -22.55% last year

Other

Up by 12.19% last year

Year

2023

Total Compensation

$12.06M

Salary

$1.44M

Board Justification

Valero's compensation philosophy emphasizes aligning executive pay with company performance, balancing short- and long-term incentives, and facilitating retention of top executive talent.

Bonus

$4.46M

Board Justification

The annual incentive bonus is based on the achievement of financial, operational, and strategic performance objectives, with a total bonus percentage achieved of 193.62% for 2023.

Other

$248.90K

Board Justification

Other compensation includes contributions to the Thrift Plan, Excess Thrift Plan, and various benefits such as home security and medical concierge services.

Restricted Stock

$5.91M(63.16K Restricted Stock)

Board Justification

The vested stock includes restricted stock that became nonforfeitable in 2023, with a total value realized of $5,910,236.

Performance Metrics

The performance metrics for 2023 included adjusted EPS, health, safety, and environmental performance, mechanical availability, and strategic execution goals.

SEC Filing

From March 26, 2024