MARK A. NELSON - 16 Dec 2022 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
Executive Vice President
Signature
/s/ Rose Z. Pierson, Attorney-in-Fact for Mark A. Nelson
Issuer symbol
CVX
Transactions as of
16 Dec 2022
Transactions value $
-$92,459
Form type
4
Filing time
20 Dec 2022, 19:26:37 UTC
Previous filing
12 May 2022
Next filing
01 Feb 2023
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 +548 +67.91% $0 1,355 16 Dec 2022 Direct F1
transaction CVX Common Stock Tax liability -$92,458 -548 -40.44% $168.72 807 16 Dec 2022 Direct F2
holding CVX Common Stock 16,483 16 Dec 2022 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 -548 -4.45% $0 11,764 16 Dec 2022 Common Stock 548 $0 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 dividend accruals (19 shares).
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 May 11, 2022 and December 16, 2022, the reporting person acquired 408 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4 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.
F5 This number includes dividend equivalents (972 shares).