Michael K. Wirth - 04 Nov 2021 Form 4 Insider Report for CHEVRON CORP (CVX)

Reporting relationship: Chairman and CEO, Director
Issuer ticker: CVX
Reported as of: 04 Nov 2021
Net transaction value: -$318,318
SEC form: 4
Accepted by SEC: 08 Nov 2021, 15:27:02 UTC
Next SEC filing: 18 Nov 2021
Source filing: View source filing
Reporting owner signature: /s/ Rose Z. Pierson, Attorney-in-Fact for Michael K. Wirth

Key filing fact

Michael K. Wirth filed Form 4 for CHEVRON CORP (CVX) on 08 Nov 2021.

Key facts

This page summarizes Michael K. Wirth's Form 4 filing for CHEVRON CORP (CVX).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 08 Nov 2021, 15:27.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$318,318.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CVX transaction

Common Stock

Options Exercise

Transaction value: $5,655,825
Shares: +52,500
Change %
Price: $107.73
Shares after: 52,500
Date: 04 Nov 2021
Ownership: Direct
Footnotes: F1

CVX transaction

Common Stock

Sale

Transaction value: $5,974,143
Shares: -52,500
Change %: -100%
Price: $113.79
Shares after: 0
Date: 04 Nov 2021
Ownership: Direct
Footnotes: F1, F2

CVX holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 15,757
Date: 04 Nov 2021
Ownership: by 401(k) plan
Footnotes: F3

CVX holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 17,784
Date: 04 Nov 2021
Ownership: by Limited Partnership
Footnotes: F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CVX transaction Derivative

Non-Qualified Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -52,500
Change %: -50%
Price: $0.000000
Shares after: 52,500
Date: 04 Nov 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 52,500
Exercise price: $107.73
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.

SEC remarks

Exhibit List: Exhibit 24 - Power of Attorney