Andrew Nigel Hearne - 16 Dec 2022 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
Executive Vice President
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Andrew Nigel Hearne
Issuer symbol
CVX
Transactions as of
16 Dec 2022
Net transactions value
-$50,447
Form type
4
Filing time
20 Dec 2022, 18:40:15 UTC
Previous filing
05 Oct 2022
Next filing
27 Jan 2023
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 $0 +24 $0.000000 24 16 Dec 2022 Direct
transaction CVX Common Stock Tax liability $4,049 -24 -100% $168.72 0 16 Dec 2022 Direct F1
transaction CVX Common Stock Options Exercise $0 +48 $0.000000 48 16 Dec 2022 Direct
transaction CVX Common Stock Tax liability $8,099 -48 -100% $168.72 0 16 Dec 2022 Direct F1
transaction CVX Common Stock Options Exercise $0 +69 $0.000000 69 16 Dec 2022 Direct
transaction CVX Common Stock Tax liability $11,642 -69 -100% $168.72 0 16 Dec 2022 Direct F1
transaction CVX Common Stock Options Exercise $0 +158 $0.000000 158 16 Dec 2022 Direct
transaction CVX Common Stock Tax liability $26,658 -158 -100% $168.72 0 16 Dec 2022 Direct F1
holding CVX Common Stock 1,261 16 Dec 2022 by 401(k) plan F2
holding CVX Common Stock 1,274 16 Dec 2022 by Hearne Family Trust F3

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 Restricted Stock Units Options Exercise $0 -24 -0.89% $0.000000 2,668 16 Dec 2022 Common Stock 24 Direct F4, F5
transaction CVX Restricted Stock Units Options Exercise $0 -48 -0.9% $0.000000 5,299 16 Dec 2022 Common Stock 48 Direct F6, F7
transaction CVX Restricted Stock Units Options Exercise $0 -69 -0.89% $0.000000 7,683 16 Dec 2022 Common Stock 69 Direct F8, F9
transaction CVX Restricted Stock Units Options Exercise $0 -158 -1.7% $0.000000 9,124 16 Dec 2022 Common Stock 158 Direct F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects withholding of shares to cover required tax obligations under the terms of the award agreement due to the reporting person's age and years of service.
F2 Between October 2, 2022 and December 16, 2022, the reporting person acquired 11 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F3 Includes 262 shares previously directly owned, which are now indirectly owned by the Hearne Family Trust.
F4 Restricted stock units granted on January 31, 2018 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, 2023.
F5 Between October 2, 2022 and December 16, 2022, the reporting person acquired dividend equivalents (21 shares).
F6 Restricted stock units granted on January 30, 2019 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, 2024.
F7 Between October 2, 2022 and December 16, 2022, the reporting person acquired dividend equivalents (44 shares).
F8 Restricted stock units granted on January 29, 2020 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, 2025.
F9 Between October 2, 2022 and December 16, 2022, the reporting person acquired dividend equivalents (63 shares).
F10 Restricted stock units granted on January 27, 2021 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, 2026.
F11 Between October 2, 2022 and December 16, 2022, the reporting person acquired dividend equivalents (76 shares).