R. Hewitt Pate - Jan 26, 2022 Form 4 Insider Report for CHEVRON CORP (CVX)

Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for R. Hewitt Pate
Stock symbol
CVX
Transactions as of
Jan 26, 2022
Transactions value $
-$1,235,065
Form type
4
Date filed
1/28/2022, 03:37 PM
Previous filing
Jan 24, 2022
Next filing
Feb 2, 2022

Transactions Table

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) Award $0 +43.1K $0.00 43.1K Jan 26, 2022 Common Stock 43.1K $132.69 Direct F5
transaction CVX Restricted Stock Units Award $0 +7.65K $0.00 7.65K Jan 26, 2022 Common Stock 7.65K $0.00 Direct F6
transaction CVX Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -65K -100% $0.00* 0 Jan 27, 2022 Common Stock 65K $116.00 Direct F7
* 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 $135.00 to $135.02. 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 21, 2022 and January 27, 2022, the reporting person acquired 46 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 One-third of the shares subject to the option vest on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.
F6 Restricted stock units granted under the Chevron Corporation Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash upon vesting on January 31, 2027.
F7 Option granted 1/29/2014. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.