R. Hewitt Pate - Dec 16, 2022 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
Stock symbol
CVX
Transactions as of
Dec 16, 2022
Transactions value $
-$136,494
Form type
4
Date filed
12/20/2022, 07:24 PM
Previous filing
Nov 30, 2022
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $0 +68 $0.00 68 Dec 16, 2022 Direct
transaction CVX Common Stock Tax liability -$11.5K -68 -100% $168.72 0 Dec 16, 2022 Direct F1
transaction CVX Common Stock Options Exercise $0 +142 $0.00 142 Dec 16, 2022 Direct
transaction CVX Common Stock Tax liability -$24K -142 -100% $168.72 0 Dec 16, 2022 Direct F1
transaction CVX Common Stock Options Exercise $0 +208 $0.00 208 Dec 16, 2022 Direct
transaction CVX Common Stock Tax liability -$35.1K -208 -100% $168.72 0 Dec 16, 2022 Direct F1
transaction CVX Common Stock Options Exercise $0 +391 $0.00 391 Dec 16, 2022 Direct
transaction CVX Common Stock Tax liability -$66K -391 -100% $168.72 0 Dec 16, 2022 Direct F1
holding CVX Common Stock 6.98K Dec 16, 2022 By 401(k) plan F2
holding CVX Common Stock 8.73K Dec 16, 2022 By Pate Family Trust
holding CVX Common Stock 4.53K Dec 16, 2022 By Spouse 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 -68 -0.97% $0.00 6.94K Dec 16, 2022 Common Stock 68 $0.00 Direct F4, F5
transaction CVX Restricted Stock Units Options Exercise $0 -142 -1.84% $0.00 7.56K Dec 16, 2022 Common Stock 142 $0.00 Direct F6, F7
transaction CVX Restricted Stock Units Options Exercise $0 -208 -2.69% $0.00 7.52K Dec 16, 2022 Common Stock 208 $0.00 Direct F8, F9
transaction CVX Restricted Stock Units Options Exercise $0 -391 -4.21% $0.00 8.89K Dec 16, 2022 Common Stock 391 $0.00 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 December 1, 2022 and December 16, 2022, the reporting person acquired 58 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F3 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.
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 December 18, 2021 and December 16, 2022, the reporting person acquired dividend equivalents (229 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 December 18, 2021 and December 16, 2022, the reporting person acquired dividend equivalents (252 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 December 18, 2021 and December 16, 2022, the reporting person acquired dividend equivalents (253 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 This number includes dividend equivalents (732 shares).