Alana K. Knowles - Mar 1, 2023 Form 3 Insider Report for CHEVRON CORP (CVX)

Role
VP and Controller
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Alana K. Knowles
Stock symbol
CVX
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
3
Date filed
3/3/2023, 03:32 PM
Next filing
Dec 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CVX Common Stock 1.34K Mar 1, 2023 Direct F1
holding CVX Common Stock 11.3K Mar 1, 2023 by 401(k) plan F2

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) Mar 1, 2023 Common Stock 5.6K $110.37 Direct F3
holding CVX Non-Qualified Stock Option (Right to Buy) Mar 1, 2023 Common Stock 11.9K $88.20 Direct F4
holding CVX Non-Qualified Stock Option (Right to Buy) Mar 1, 2023 Common Stock 9.6K $132.69 Direct F5
holding CVX Non-Qualified Stock Option (Right to Buy) Mar 1, 2023 Common Stock 5.2K $179.08 Direct F6
holding CVX Phantom Stock Units Mar 1, 2023 Common Stock 523 Excess Benefit Plan F7
holding CVX Restricted Stock Units Mar 1, 2023 Common Stock 1.61K Direct F8
holding CVX Restricted Stock Units Mar 1, 2023 Common Stock 2.2K Direct F9
holding CVX Restricted Stock Units Mar 1, 2023 Common Stock 2.57K Direct F10
holding CVX Restricted Stock Units Mar 1, 2023 Common Stock 1.76K Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units granted on January 25, 2023 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 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 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.
F3 Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, January 31, 2022 and January 31, 2023, respectively.
F4 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 vested on January 31, 2023. The balance of the shares vests on January 31, 2024.
F5 Option granted 1/26/2022. One-third of the shares subject to the option vested on January 31, 2023, and one-third of the shares subject to the option will vest on January 31, 2024 and January 31, 2025, respectively.
F6 Option granted 1/25/2023. One-third of the shares subject to the option vest on January 31, 2024, January 31, 2025 and January 31, 2026, respectively.
F7 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.
F8 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.
F9 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.
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 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney