Michael K. Wirth - Dec 18, 2023 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
Chairman and CEO, Director
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Michael K. Wirth
Stock symbol
CVX
Transactions as of
Dec 18, 2023
Transactions value $
-$215,839
Form type
4
Date filed
12/20/2023, 09:30 PM
Previous filing
Feb 2, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $0 +1.44K +5.85% $0.00 26.1K Dec 18, 2023 Direct F1
transaction CVX Common Stock Tax liability -$216K -1.44K -5.52% $149.68 24.7K Dec 18, 2023 Direct F2
holding CVX Common Stock 17.1K Dec 18, 2023 by 401(k) plan F3
holding CVX Common Stock 17.8K Dec 18, 2023 by Limited Partnership F4

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 Restricted Stock Units Options Exercise $0 -1.44K -4.45% $0.00 31K Dec 18, 2023 Common Stock 1.44K $0.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This number includes 932 restricted stock units accrued as dividend equivalents on the restricted stock units granted to the reporting person on 01/25/2023 under the Chevron Corporation 2022 Long-Term Incentive Plan.
F2 Reflects withholding of shares to cover required tax obligations under the terms of the award agreement due to the reporting person's age and years of service.
F3 Between February 1, 2023 and December 18, 2023, the reporting person acquired 642 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4 The reporting person owns only a 1% general partnership interest in the limited partnership. The remaining limited partnership interests are owned equally by four separate trusts for the benefit of each of the reporting person's children. The reporting person disclaims beneficial ownership of the shares held by the limited partnership except to the extent of his pecuniary interest therein.
F5 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.
F6 This number includes dividend equivalents (2,247 shares).