Michael K. Wirth - Nov 4, 2021 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
Chairman and CEO, Director
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Michael K. Wirth
Stock symbol
CVX
Transactions as of
Nov 4, 2021
Transactions value $
-$318,318
Form type
4
Date filed
11/8/2021, 03:27 PM
Next filing
Nov 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $5.66M +52.5K $107.73 52.5K Nov 4, 2021 Direct F1
transaction CVX Common Stock Sale -$5.97M -52.5K -100% $113.79 0 Nov 4, 2021 Direct F1, F2
holding CVX Common Stock 15.8K Nov 4, 2021 by 401(k) plan F3
holding CVX Common Stock 17.8K Nov 4, 2021 by Limited Partnership 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 -52.5K -50% $0.00 52.5K Nov 4, 2021 Common Stock 52.5K $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 February 2, 2021.
F2 This transaction was executed in multiple trades at prices ranging from $113.32 to $114.26. The price reported above reflects the weighted-average sale 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 January 20, 2021 and November 4, 2021, the reporting person acquired 582 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4 The reporting person owns only a 1% general partnership interest in the limited partnership. The remaining limited partnership interests are owned equally by four separate trusts for the benefit of each of the reporting person's children. The reporting person disclaims beneficial ownership of the shares held by the limited partnership except to the extent of his pecuniary interest therein.
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