R. Hewitt Pate - Feb 10, 2025 Form 4 Insider Report for CHEVRON CORP (CVX)

Role
VP and General Counsel
Signature
/s/ Christopher A. Butner, Attorney-in-Fact for R. Hewitt Pate
Stock symbol
CVX
Transactions as of
Feb 10, 2025
Transactions value $
-$151,253
Form type
4
Date filed
2/12/2025, 06:52 PM
Previous filing
Feb 6, 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 +2.45K +97.37% $0.00 4.96K Feb 10, 2025 Direct F1
transaction CVX Common Stock Tax liability -$151K -971 -19.58% $155.77 3.99K Feb 10, 2025 Direct
holding CVX Common Stock 8.58K Feb 10, 2025 By 401(k) plan F2
holding CVX Common Stock 13.3K Feb 10, 2025 By Spouse Trust 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 -2.45K -33.33% 4.89K Feb 10, 2025 Common Stock 2.45K $0.00 Direct F1, F4, F5
* 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 Between February 1, 2025 and February 10, 2025, the reporting person acquired 87 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F3 The reporting person disclaims beneficial ownership of the shares held by his spouse's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse's trust for purposes of Section 16 or for any other purpose.
F4 Restricted stock units granted on February 6, 2024 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 February 10, 2025, and one-third of the shares subject to the award will vest on February 10, 2026 and February 10, 2027, 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 (309 shares).