Valero Energy BDR ratio shifts to 1:16 in mandatory 8-for-1 split on B3

Valero Energy Corporation

Valero Energy Corporation

VLO

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  • Valero Energy BDR program will execute a mandatory stock split tied to a ratio reset to 1:16 from 1:2 (underlying:BDR).
  • Each 1 BDR held on July 29, 2026 will receive 7 additional BDRs; the new ratio takes effect at Brazil’s market open July 30, 2026.
  • New BDRs are scheduled to be credited on Aug. 3, 2026.
  • Fractional entitlements will be paid in cash, net of income tax, with no rounding.


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