Jeff B. Gustavson - 18 Dec 2023 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
Vice President
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Jeff B. Gustavson
Issuer symbol
CVX
Transactions as of
18 Dec 2023
Net transactions value
-$38,468
Form type
4
Filing time
20 Dec 2023, 21:38:36 UTC
Previous filing
07 Aug 2023
Next filing
02 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $0 +85 +3.7% $0.000000 2,392 18 Dec 2023 Direct F1
transaction CVX Common Stock Tax liability $12,723 -85 -3.6% $149.68 2,307 18 Dec 2023 Direct F2
transaction CVX Common Stock Options Exercise $0 +69 +3% $0.000000 2,376 18 Dec 2023 Direct
transaction CVX Common Stock Tax liability $10,328 -69 -2.9% $149.68 2,307 18 Dec 2023 Direct F2
transaction CVX Common Stock Options Exercise $0 +60 +2.6% $0.000000 2,367 18 Dec 2023 Direct
transaction CVX Common Stock Tax liability $8,981 -60 -2.5% $149.68 2,307 18 Dec 2023 Direct F2
transaction CVX Common Stock Options Exercise $0 +43 +1.9% $0.000000 2,350 18 Dec 2023 Direct
transaction CVX Common Stock Tax liability $6,436 -43 -1.8% $149.68 2,307 18 Dec 2023 Direct F2
holding CVX Common Stock 3 18 Dec 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 -3.6% $0.000000 2,252 18 Dec 2023 Common Stock 85 Direct F3, F4
transaction CVX Restricted Stock Units Options Exercise $0 -69 -2.9% $0.000000 2,299 18 Dec 2023 Common Stock 69 Direct F5, F6
transaction CVX Restricted Stock Units Options Exercise $0 -60 -2.1% $0.000000 2,737 18 Dec 2023 Common Stock 60 Direct F7, F8
transaction CVX Restricted Stock Units Options Exercise $0 -43 -1.4% $0.000000 2,997 18 Dec 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).