Jeff B. Gustavson - 31 Jan 2025 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
31 Jan 2025
Net transactions value
-$390,729
Form type
4
Filing time
04 Feb 2025, 21:14:52 UTC
Previous filing
19 Dec 2024
Next filing
06 Feb 2025
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 +2,382 +484% $0.000000 2,874 31 Jan 2025 Direct F1
transaction CVX Common Stock Disposed to Issuer $355,371 -2,382 -83% $149.19 492 31 Jan 2025 Direct
transaction CVX Common Stock Options Exercise $0 +802 +163% $0.000000 1,294 31 Jan 2025 Direct F1
transaction CVX Common Stock Tax liability $35,358 -237 -18% $149.19 1,057 31 Jan 2025 Direct
holding CVX Common Stock 3 31 Jan 2025 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 -2,382 -100% 0 31 Jan 2025 Common Stock 2,382 Direct F1, F2
transaction CVX Restricted Stock Units Options Exercise -802 -50% 802 31 Jan 2025 Common Stock 802 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit is the economic equivalent of one share of Chevron common stock.
F2 Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. The restricted stock units are payable in cash and vested on January 31, 2025.
F3 Restricted stock units granted on January 25, 2023 under the Chevron Corporation 2022 Long-Term Incentive Plan. 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 January 31, 2025, and one-third of the shares subject to the award will vest on January 31, 2026, 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.
F4 This number includes dividend equivalents (66 shares.)