Jeff B. Gustavson - Jan 25, 2023 Form 4 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 25, 2023
Transactions value $
$0
Form type
4
Date filed
1/27/2023, 03:29 PM
Previous filing
Jan 18, 2023
Next filing
Feb 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Award $0 +2.22K $0.00 2.22K Jan 25, 2023 Direct F1
holding CVX Common Stock 3 Jan 25, 2023 by 401(k) plan

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 +8.7K $0.00 8.7K Jan 25, 2023 Common Stock 8.7K $179.08 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted under the Chevron Corporation 2022 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. One-third of the shares subject to this award vest on January 31, 2024, January 31, 2025 and January 31, 2026, respectively, and will settle in shares of Chevron common stock on the date of vesting. Shares issued upon vesting are subject to a two-year post-vesting holding period, which is removed upon termination of employment.
F2 One-third of the shares subject to the option vest on January 31, 2024, January 31, 2025 and January 31, 2026, respectively.