Jeff B. Gustavson - Jan 11, 2023 Form 3 Insider Report for CHEVRON CORP (CVX)

Role
Vice President
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Jeff B. Gustavson
Stock symbol
CVX
Transactions as of
Jan 11, 2023
Transactions value $
$0
Form type
3
Date filed
1/18/2023, 05:03 PM
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CVX Common Stock 3 Jan 11, 2023 by 401(k) plan F1

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
holding CVX Non-Qualified Stock Option (Right to Buy) Jan 11, 2023 Common Stock 7.5K $103.71 Direct F2, F3
holding CVX Non-Qualified Stock Option (Right to Buy) Jan 11, 2023 Common Stock 18.7K $83.29 Direct F3, F4
holding CVX Non-Qualified Stock Option (Right to Buy) Jan 11, 2023 Common Stock 4.85K $117.24 Direct F3, F5
holding CVX Non-Qualified Stock Option (Right to Buy) Jan 11, 2023 Common Stock 11.3K $125.35 Direct F6, F7
holding CVX Non-Qualified Stock Option (Right to Buy) Jan 11, 2023 Common Stock 13.4K $113.01 Direct F8, F9
holding CVX Non-Qualified Stock Option (Right to Buy) Jan 11, 2023 Common Stock 15.6K $110.37 Direct F10
holding CVX Non-Qualified Stock Option (Right to Buy) Jan 11, 2023 Common Stock 11.9K $88.20 Direct F11
holding CVX Non-Qualified Stock Option (Right to Buy) Jan 11, 2023 Common Stock 15.9K $132.69 Direct F12
holding CVX Phantom Stock Units Jan 11, 2023 Common Stock 1.21K Excess Benefit Plan F13
holding CVX Restricted Stock Units Jan 11, 2023 Common Stock 2.04K Direct F14, F15
holding CVX Restricted Stock Units Jan 11, 2023 Common Stock 2.25K Direct F16, F17
holding CVX Restricted Stock Units Jan 11, 2023 Common Stock 2.28K Direct F18
holding CVX Restricted Stock Units Jan 11, 2023 Common Stock 2.69K Direct F19
holding CVX Restricted Stock Units Jan 11, 2023 Common Stock 2.93K Direct F20
holding CVX Restricted Stock Units Jan 11, 2023 Common Stock 4.31K Direct F21
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This number represents the reporting person's shares of Chevron Corporation common stock under the Chevron Corporation Employee Savings and Investment Plan, a 401(k) plan.
F2 Option granted 1/28/2015. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.
F3 The Reporting Person disclaims beneficial ownership of all shares underlying these securities.
F4 Option granted 1/27/2016. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.
F5 Option granted 1/25/2017. One-third of the shares subject to the option vested on January 31, 2018, January 31, 2019 and January 31, 2020, respectively.
F6 Option granted 1/31/2018. One-third of the shares subject to the option vested on January 31, 2019, January 31, 2020 and January 31, 2021, respectively.
F7 The Reporting Person disclaims beneficial ownership of 4,633 shares underlying these securities.
F8 Option granted 1/30/2019. One-third of the shares subject to the option vested on January 31, 2020, January 31, 2021 and January 31, 2022, respectively.
F9 The Reporting Person disclaims beneficial ownership of 2,822 shares underlying these securities.
F10 Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, and one-third of the shares vested on January 31, 2022. The balance of the shares vests on January 31, 2023.
F11 Option granted 1/27/2021. One-third of the shares subject to the option vested on January 31, 2022, and one-third of the shares subject to the option will vest on January 31, 2023 and January 31, 2024, respectively.
F12 Option granted 1/26/2022. One-third of the shares subject to the option vest on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.
F13 Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units, which are issued under the Chevron ESIP-RP, are payable in cash upon the reporting person's retirement or other termination of service.
F14 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.
F15 The Reporting Person disclaims beneficial ownership of 502 shares underlying these securities.
F16 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.
F17 The Reporting Person disclaims beneficial ownership of 365 shares underlying these securities.
F18 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.
F19 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.
F20 Restricted stock units granted on January 26, 2022 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.
F21 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, 2024.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney