Jeff B. Gustavson - Dec 18, 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
Dec 18, 2023
Transactions value $
-$38,468
Form type
4
Date filed
12/20/2023, 09:38 PM
Previous filing
Aug 7, 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 +85 +3.68% $0.00 2.39K Dec 18, 2023 Direct F1
transaction CVX Common Stock Tax liability -$12.7K -85 -3.55% $149.68 2.31K Dec 18, 2023 Direct F2
transaction CVX Common Stock Options Exercise $0 +69 +2.99% $0.00 2.38K Dec 18, 2023 Direct
transaction CVX Common Stock Tax liability -$10.3K -69 -2.9% $149.68 2.31K Dec 18, 2023 Direct F2
transaction CVX Common Stock Options Exercise $0 +60 +2.6% $0.00 2.37K Dec 18, 2023 Direct
transaction CVX Common Stock Tax liability -$8.98K -60 -2.53% $149.68 2.31K Dec 18, 2023 Direct F2
transaction CVX Common Stock Options Exercise $0 +43 +1.86% $0.00 2.35K Dec 18, 2023 Direct
transaction CVX Common Stock Tax liability -$6.44K -43 -1.83% $149.68 2.31K Dec 18, 2023 Direct F2
holding CVX Common Stock 3 Dec 18, 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 Restricted Stock Units Options Exercise $0 -85 -3.64% $0.00 2.25K Dec 18, 2023 Common Stock 85 Direct F3, F4
transaction CVX Restricted Stock Units Options Exercise $0 -69 -2.91% $0.00 2.3K Dec 18, 2023 Common Stock 69 Direct F5, F6
transaction CVX Restricted Stock Units Options Exercise $0 -60 -2.15% $0.00 2.74K Dec 18, 2023 Common Stock 60 Direct F7, F8
transaction CVX Restricted Stock Units Options Exercise $0 -43 -1.41% $0.00 3K Dec 18, 2023 Common Stock 43 Direct F9, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This number includes 87 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 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.
F4 Between January 12, 2023 and December 18, 2023, the reporting person acquired dividend equivalents (88 shares). The Reporting Person disclaims beneficial ownership of 365 shares underlying these securities.
F5 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.
F6 Between January 12, 2023 and December 18, 2023, the reporting person acquired dividend equivalents (90 shares).
F7 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.
F8 Between January 12, 2023 and December 18, 2023, the reporting person acquired dividend equivalents (105 shares).
F9 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.
F10 This number includes dividend equivalents (114 shares).