R. Hewitt Pate - 29 Oct 2021 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
VP and General Counsel
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for R. Hewitt Pate
Issuer symbol
CVX
Transactions as of
29 Oct 2021
Net transactions value
-$141,917
Form type
4
Filing time
02 Nov 2021, 16:46:56 UTC
Previous filing
19 May 2021
Next filing
17 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $2,100,735 +19,500 $107.73 19,500 29 Oct 2021 Direct F1
transaction CVX Common Stock Sale $2,242,652 -19,500 -100% $115.01 0 29 Oct 2021 Direct F1, F2
holding CVX Common Stock 6,763 29 Oct 2021 By 401(k) plan F3
holding CVX Common Stock 12,602 29 Oct 2021 By Pate Family Trust
holding CVX Common Stock 4,532 29 Oct 2021 By Spouse Trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVX Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -19,500 -25% $0.000000 58,500 29 Oct 2021 Common Stock 19,500 $107.73 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 26, 2021.
F2 This transaction was executed in multiple trades at prices ranging from $115.00 to $115.08. The price reported above reflects the weighted-average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range provided.
F3 Between May 18, 2021 and October 29, 2021, the reporting person acquired 565 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4 The reporting person disclaims beneficial ownership of the shares held by his spouse's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse's trust for purposes of Section 16 or for any other purpose.
F5 Option granted 1/25/2012. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney