Mark A. Nelson - Dec 17, 2024 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
Vice Chairman
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Mark A. Nelson
Stock symbol
CVX
Transactions as of
Dec 17, 2024
Transactions value $
-$36,731
Form type
4
Date filed
12/19/2024, 09:05 PM
Previous filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVX Common Stock Options Exercise $0 +248 +10.99% $0.00 2.5K Dec 17, 2024 Direct F1
transaction CVX Common Stock Tax liability -$36.7K -248 -9.9% $148.11 2.26K Dec 17, 2024 Direct F2
holding CVX Common Stock 18K Dec 17, 2024 by 401(k) plan F3

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 -248 -4.45% $0.00 5.32K Dec 17, 2024 Common Stock 248 $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This number includes the acquisition of stock pursuant to the reinvestment of dividends on directly owned shares of common stock and from dividends on vested restricted stock units (95) issued 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, 2024 and December 17, 2024, the reporting person acquired 798 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4 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 common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. One-third of the shares subject to the award vested on January 31, 2024, and one-third of the shares subject to the award will vest on January 31, 2025 and January 31, 2026, respectively, and 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.
F5 This number includes dividend equivalents (235 shares).