Mark A. Nelson - Feb 4, 2025 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
Feb 4, 2025
Transactions value $
$0
Form type
4
Date filed
2/6/2025, 06:59 PM
Previous filing
Feb 4, 2025
Next filing
Feb 12, 2025
SEC
View on sec.gov

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 Non-Qualified Stock Option (Right to Buy) Award $0 +45.9K $0.00 45.9K Feb 4, 2025 Common Stock 45.9K $153.22 Direct F1
transaction CVX Restricted Stock Units Award $0 +11.3K $0.00 11.3K Feb 4, 2025 Common Stock 11.3K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-third of the shares subject to the option vest on February 10, 2026, February 10, 2027 and February 10, 2028, respectively.
F2 Each restricted stock unit is the economic equivalent of one share of Chevron common stock.
F3 Restricted stock units granted 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 this award will vest on February 10, 2026, February 10, 2027 and February 10, 2028, respectively, and will 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.