Rhonda J. Morris - Jan 25, 2023 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
Vice President
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Rhonda J. Morris
Stock symbol
CVX
Transactions as of
Jan 25, 2023
Transactions value $
$0
Form type
4
Date filed
1/27/2023, 03:48 PM
Previous filing
Dec 20, 2022
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 +3.13K +373.95% $0.00 3.97K Jan 25, 2023 Direct F1
holding CVX Common Stock 10.8K Jan 25, 2023 by 401(k) plan F2
holding CVX Common Stock 5.22K Jan 25, 2023 by Morris Living Trust
holding CVX Common Stock 25.2K Jan 25, 2023 by Spouse

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 +12.2K $0.00 12.2K Jan 25, 2023 Common Stock 12.2K $179.08 Direct F3
* 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 Between December 17, 2022 and January 25, 2023, the reporting person acquired 13 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F3 One-third of the shares subject to the option vest on January 31, 2024, January 31, 2025 and January 31, 2026, respectively.