Sundar PichaiSundar Pichai earned $164M in 2023

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...

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Joseph W. Gorder

Ex-CEO of Valero Energy

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1958 - 67 years ago

CEO of Valero Energy for

9 years 1 month (May 2014 - Jun 2023)

Previous Experience

President and Chief Operating Officer of Valero

Holdings

See how much did Joseph W. Gorder make over time.

Joseph Gorder’s stake in Valero Energy has seen considerable value, especially as he holds a significant number of shares that directly tie his interests to the company's success. During his tenure as CEO, his wealth fluctuated, particularly with bonuses and...

Jan 24, 2025

Total Stock Sold

$21.62M

VLO

$21.62M

215,097 VLO shares

What if they kept their stock?

If Joseph W. Gorder didn't sell their stock, today they would have:
Extra VLO215,097 shares worth $11.10M.
This is -48.67% and $10.52M less than what they got when they sold the stock.

Charitable Transactions

VLO

269,299 shares

VLO

Recent Charitable Transactions

VLO

20,000 shares

VLO

Nov 7, 2024

Charity

VLO

100,000 shares

VLO

Feb 12, 2024

Charity

VLO

44,000 shares

VLO

Aug 14, 2023

Charity

VLO

15,000 shares

VLO

Dec 31, 2022

Charity

VLO

18,000 shares

VLO

Dec 31, 2021

Charity

VLO

29,899 shares

VLO

Dec 16, 2020

Charity

Insider Trading

See recent insider trades of Joseph W. Gorder.

VLO

20,000 shares

VLO

Nov 7, 2024

Charity

VLO

27,030 shares

VLO

Feb 22, 2024

Received

VLO

100,000 shares

VLO

Feb 12, 2024

Charity

VLO

44,000 shares

VLO

Aug 14, 2023

Charity

VLO

$10.28M

VLO at $135.99/share

Aug 14, 2023

Sale

VLO

14,000 shares

VLO

Aug 14, 2023

Charity

VLO

46,940 shares

VLO

Feb 23, 2023

Received

VLO

15,000 shares

VLO

Dec 31, 2022

Charity

VLO

$4.77M

VLO at $127.00/share

Oct 28, 2022

Sale

VLO

$1.03M

VLO at $27.32/share

Oct 28, 2022

Received

Compensation History

See how much did Joseph W. Gorder make over time.

In 2023, Joseph W. Gorder’s total compensation reached $30 million, a significant increase from the $15 million he earned in 2020. His salary has generally remained stable around $1.4 million to $1.8 million per year, but he has also earned substantial bonuses linked to company performance—receiving over $4.4 million in 2023. His recent compensation structure also reflects the company's focus on performance metrics like adjusted earnings per share. Notably, he received 63,162 vested shares valued at nearly $5.9 million this year. This framework shows Valero’s emphasis on rewarding leadership based on the company’s success, aligning Gorder’s financial outcomes with the interests of Valero’s shareholders. Over his tenure, he has demonstrated the ability to lead effectively amidst changing market conditions, making strategic decisions that have a direct impact on his earnings.

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.