Mark A. Nelson - 25 Jan 2023 Form 4/A - Amendment Insider Report for CHEVRON CORP (CVX)

Role
Vice Chairman and EVP
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Mark A. Nelson
Issuer symbol
CVX
Transactions as of
25 Jan 2023
Net transactions value
$0
Form type
4/A - Amendment
Filing time
01 Feb 2023, 18:47:53 UTC
Date Of Original Report
27 Jan 2023
Previous filing
20 Dec 2022
Next filing
02 Feb 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 Award $0 +7,700 +954% $0.000000 8,507 25 Jan 2023 Direct F1, F2
holding CVX Common Stock 16,497 25 Jan 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 +30,100 $0.000000 30,100 25 Jan 2023 Common Stock 30,100 $179.08 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Amended filing corrects a previous administrative error understating the equity awarded to the reporting person (by 1,800 restricted stock units and 7,100 non-qualified stock options) in connection with his election by the Board to a new corporate officer role, effective February 1, 2023.
F2 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.
F3 One-third of the shares subject to the option vest on January 31, 2024, January 31, 2025 and January 31, 2026, respectively.