Chevron (CVX) CEO Michael Wirth details RSU conversion and tax share sale
Rhea-AI Filing Summary
Chevron Corporation’s Chairman and CEO Michael K. Wirth, who is also a director, reported equity transactions involving Chevron common stock. On December 17, 2025, 836 restricted stock units converted into 836 shares of common stock at an exercise price of $0, reflecting vesting under Chevron’s 2022 Long-Term Incentive Plan. On the same date, 836 shares were withheld and disposed of at $149.52 per share to cover tax obligations tied to the award.
After these transactions, Wirth directly beneficially owned 14,450 shares of Chevron common stock. He also held indirect interests, including 17,784 shares through a limited partnership, 18,684 shares in a 401(k) plan, and 51 shares via the Wirth Family Trust. In addition, he beneficially owned 20,066 restricted stock units, which each represent the economic equivalent of one Chevron share and include dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 836 | $0.00 | -- |
| Exercise | Common Stock | 836 | $0.00 | -- |
| Tax Withholding | Common Stock | 836 | $149.52 | $125K |
| 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 (313) 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. The reporting person owns only a 1% general partnership interest in the limited partnership. The remaining limited partnership interests are owned equally by four separate trusts for the benefit of each of the reporting person's children. The reporting person disclaims beneficial ownership of the shares held by the limited partnership except to the extent of his pecuniary interest therein. Between July 19, 2025 and December 17, 2025, the reporting person acquired 408 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan. 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 (913 shares).
FAQ
What insider transaction did Chevron (CVX) report for Michael K. Wirth?
The report shows that on December 17, 2025, Michael K. Wirth had 836 restricted stock units convert into 836 shares of Chevron common stock at an exercise price of $0, followed by the disposition of 836 shares at $149.52 per share to cover tax obligations.
What derivative securities does Michael K. Wirth hold in Chevron (CVX)?
He reported holding 20,066 restricted stock units, each equal in economic value to one share of Chevron common stock. This includes 913 shares in dividend equivalents accrued on the restricted stock units.
What does the filing say about Michael K. Wirth’s limited partnership holdings in Chevron (CVX)?
The filing notes that Wirth owns a 1% general partnership interest in the limited partnership holding 17,784 shares. The remaining interests are held equally by four separate trusts for his children, and he disclaims beneficial ownership beyond his pecuniary interest.
How did Michael K. Wirth’s Chevron (CVX) 401(k) holdings change in 2025?
Between July 19, 2025 and December 17, 2025, Wirth acquired 408 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan, contributing to the 18,684 shares reported there.