[Form 4] CHEVRON CORP Insider Trading Activity
Rhea-AI Filing Summary
Chevron Corporation’s Chief Legal Officer, R. Hewitt Pate, reported routine equity award activity. On December 17, 2025, 190 restricted stock units were converted into an equal number of Chevron common shares at an exercise price of $0. On the same date, 190 shares were withheld at a price of $149.52 to satisfy tax obligations tied to the award terms.
Following these transactions, Pate directly holds 4,169 Chevron shares. He also has indirect holdings of 9,116 shares through a 401(k) plan, 20 shares through the Pate Family Trust, and 13,264 shares reported as held by a spouse’s trust, for which he disclaims beneficial ownership. After this vesting, he continues to hold 4,925 restricted stock units, which vest in stages through February 2027 and include accrued dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 190 | $0.00 | -- |
| Exercise | Common Stock | 190 | $0.00 | -- |
| Tax Withholding | Common Stock | 190 | $149.52 | $28K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This number includes the acquisition of stock resulting from the reinvestment of dividends on vested restricted stock units (90) issued under the Chevron Corporation 2022 Long-Term Incentive Plan. 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. Between July 19, 2025 and December 17, 2025, the reporting person acquired 199 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan. 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. Restricted stock units granted on February 6, 2024 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 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. This number includes dividend equivalents (222 shares).
