In 2023, R. Lane Riggs earned $4.96M in total compensation at Valero Energy, including $1.43M salary and $3.35M bonus. Most recently acquired 41,290 shares in Feb 2024. Currently holds stock worth $121.39M. Has donated $2.10M in stock to charitable causes. 2+ years at the helm of Valero Energy.
Compensation History
Annual executive compensation data for R. Lane Riggs, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$4.96M
Salary
$1.43M
Bonus
$3.35M
Other
$179.80K
Salary
$1.43MBoard Justification
Valero's compensation philosophy aims to tightly link company performance and executive pay, balancing short- and long-term incentives to align the interests of executives and stockholders, while facilitating retention of top executive talent.
Bonus
$3.35MBoard Justification
The annual incentive bonus is based on the achievement of financial, operational, and strategic objectives, with a performance score of 193.62% for 2023.
Other Compensation
$179.80KBoard Justification
Other compensation includes contributions to retirement plans and various benefits such as home security and medical concierge services.
Restricted Stock
Board Justification
No stock was vested in 2023; however, performance shares are scheduled to vest in future years based on performance metrics.
Performance Metrics
Performance metrics include adjusted EPS, health and safety performance, mechanical availability, and strategic execution goals.
R. Lane Riggs
CEO of Valero Energy
Education
Not specified
Field of Expertise
Business & Management
Sector of Economy
Energy
Born
January 1, 1975 - 50 years ago
CEO of Valero Energy for
2 years 5 months (Jun 2023 - Present)
Previous Experience
President and Chief Operating Officer of Valero
Other Valero Energy CEOs
Holdings
Track R. Lane Riggs's stock holdings and portfolio value over time.
Total Stock Sold
$5.21M
$5.21M
62,960 VLO shares
What if they kept their stock?
If R. Lane Riggs didn't sell their stock, today they would have:
Extra VLO62,960 shares worth $11.01M.
This is 111.42% and $5.80M more than what they got when they sold the stock.
Charitable Transactions
12,001 shares
VLO
Recent Charitable Transactions
2,585 shares
VLO
Jan 31, 2023
Charity
2,960 shares
VLO
May 6, 2021
Charity
2,000 shares
VLO
Sep 28, 2018
Charity
1,200 shares
VLO
May 1, 2017
Charity
1,400 shares
VLO
Dec 22, 2015
Charity
1,856 shares
VLO
Feb 24, 2015
Charity
Insider Trading
R. Lane Riggs's recent stock transactions, purchases, and sales filed with the SEC.
41,290 shares
VLO
Feb 22, 2024
Received
8,953 shares
VLO
Jul 1, 2023
Received
22,030 shares
VLO
Feb 23, 2023
Received
2,585 shares
VLO
Jan 31, 2023
Charity
$2.34M
VLO at $131.53/share
May 27, 2022
Sale
27,460 shares
VLO
Feb 22, 2022
Received
2,960 shares
VLO
May 6, 2021
Charity
60,630 shares
VLO
Feb 23, 2021
Received
52,954 shares
VLO
Feb 26, 2020
Received
10,548 shares
VLO
Dec 18, 2019
Received
Rivals
Compare R. Lane Riggs with competitor CEOs and industry peers.
Ezra Y. Yacob
CEO of EOG Resources
2023 Compensation
Stock
$0.00
Salary
$1.17M
Bonus
$2.52M
Other
$373.14K
Total Holdings
$22.95M
David L. Lamp
CEO of CVR Energy
2022 Compensation
Stock
$0.00
Salary
$1.10M
Bonus
$0.00
Other
$26.31K
Total Holdings
$2.70M
Matthew Lucey
CEO of PBF Energy
2023 Compensation
Stock
$2.99M
Salary
$990.00K
Bonus
$2.83M
Other
$556.35K
Total Holdings
$10.05M
R. Andrew Clyde
Founder and CEO of Murphy USA
2023 Compensation
Stock
$12.53M
Salary
$1.27M
Bonus
$2.43M
Other
$398.23K
Total Holdings
$64.94M
William Monteleone
CEO of Par Pacific Holdings, Inc.
2015 Compensation
Stock
$150.00K
Salary
$350.00K
Bonus
$0.00
Other
$21.38K
Total Holdings
$55.32M