Chevron (NYSE: CVX) controller logs RSU vesting and tax-share withholding
Rhea-AI Filing Summary
Chevron Corporation’s controller, Alana K. Knowles, reported equity award activity and related tax withholding on February 10, 2026. She converted 882 and 930 restricted stock units into Chevron common stock at an exercise price of $0 per unit, reflecting vesting of long‑term incentive awards.
To cover tax liabilities, 417 shares and 462 shares of common stock were disposed of at $182.26 per share. After these transactions, she held 2,408 shares of Chevron common stock directly and 7,981 shares indirectly through a 401(k) plan, along with remaining restricted stock unit balances of 968 and 1,861 units.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with shares withheld for taxes; no thesis change.
Alana K. Knowles, Chevron’s controller, reported the vesting and conversion of 882 and 930 restricted stock units into common stock at an exercise price of $0. These are standard equity compensation events under Chevron’s long-term incentive plan.
To satisfy tax obligations, 417 and 462 shares were disposed of at $182.26 per share, a typical “sell-to-cover” style outcome for awards. She now reports 2,408 directly held shares and 7,981 shares via a 401(k) plan, plus remaining RSU balances. The filing reflects routine compensation mechanics rather than a discretionary open-market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 882 | $0.00 | -- |
| Exercise | Restricted Stock Units | 930 | $0.00 | -- |
| Exercise | Common Stock | 882 | $0.00 | -- |
| Tax Withholding | Common Stock | 417 | $182.26 | $76K |
| Exercise | Common Stock | 930 | $0.00 | -- |
| Tax Withholding | Common Stock | 462 | $182.26 | $84K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit is the economic equivalent of one share of Chevron common stock. This number includes rounding of fractional shares. Between February 5, 2026 and February 10, 2026, the reporting person acquired 18 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. 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 February 10, 2026, respectively, and one-third of the shares subject to the award will vest on February 10, 2027, and settle in shares of Chevron common stock on the date of vesting. This number includes dividend equivalents (121 shares). Restricted stock units granted on February 4, 2025, 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, 2026, and one-third of the shares subject to the award will vest on February 10, 2027 and February 10, 2028, respectively, and settle in shares of Chevron common stock on the date of vesting.
