Chevron controller files initial ownership report
Chevron Corporation controller Amit R. Ghai filed an initial ownership report detailing his existing equity interests in Chevron common stock and equity-based awards.
Rhea-AI Filing Summary
Chevron Corporation controller Amit R. Ghai filed an initial ownership report detailing his existing equity interests in Chevron common stock and equity-based awards. The filing lists multiple non-qualified stock option grants, several tranches of restricted stock units that vest over future dates, phantom stock units under an excess benefit plan, and common stock held both directly and through a 401(k) plan, without reporting any new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Ghai Amit R.
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Phantom Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 28,400 contracts (Direct);
Restricted Stock Units — 3,687 contracts (Direct);
Phantom Stock Units — 306 contracts (Indirect, Excess Benefit Plan);
Common Stock — 1,701 shares (Direct);
Common Stock — 432 shares (Indirect, By 401(k) plan)
Footnotes (13)
- F1. This number represents the reporting person's shares of Chevron Corporation common stock under the Chevron Corporation Employee Savings and Investment Plan, a 401(k) plan.
- F2. Option granted 1/30/2019. One-third of the shares subject to the option vested on January 31, 2020, January 31, 2021 and January 31, 2022, respectively.
- F3. Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, January 31, 2022 and January 31, 2023, respectively.
- F4. Option granted 1/27/2021. One-third of the shares subject to the option vested on January 31, 2022, January 31, 2023 and January 31, 2024, respectively.
- F5. Option granted 1/26/2022. One-third of the shares subject to the option vested on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.
- F6. Option granted 1/25/2023. One-third of the shares subject to the option vested on January 31, 2024, January 31, 2025 and January 31, 2026, respectively.
- F7. Option granted 2/6/2024. One-third of the shares subject to the option vested on February 10, 2025 and February 10, 2026, respectively, and one-third of the shares will vest on February 10, 2027.
- F8. Option granted 2/4/2025. One-third of the shares subject to the option vested on February 10, 2026, and one-third of the shares will vest on February 10, 2027 and February 10, 2028, respectively.
- F9. Restricted stock units granted on January 26, 2022 under the Chevron Corporation Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash upon vesting on January 31, 2027.
- F10. 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 Corporation 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 February 10, 2026, respectively, and one-third of the shares subject to the award will vest on February 10, 2027 and will settle in shares of Chevron common stock on the date of vesting.
- F11. Restricted stock units granted on February 4, 2025 under the Chevron Corporation 2022 Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation 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, 2026, and one-third of the shares subject to the award will vest on February 10, 2027 and February 10, 2028, respectively, and will settle in shares of Chevron common stock on the date of vesting.
- F12. Restricted stock units granted on February 1, 2026 under the Chevron Corporation 2022 Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation 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 will vest on February 1, 2027, February 1, 2028 and February 1, 2029, respectively, and will settle in shares of Chevron common stock on the date of vesting.
- F13. Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units, which are issued under the Chevron ESIP-RP, are payable in cash upon the reporting person's retirement or other termination of service.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Amit R. Ghai Form 3 filing for Chevron (CVX) show?
The Form 3 shows Amit R. Ghai’s existing ownership in Chevron equity. It lists non-qualified stock options, restricted stock units, phantom stock units, and common shares, including holdings through a 401(k) plan, without reporting any new buy or sell transactions.
Which types of Chevron (CVX) equity awards does Amit R. Ghai report?
Amit R. Ghai reports non-qualified stock options, several grants of restricted stock units under Chevron’s long-term incentive plans, and phantom stock units issued under an excess benefit plan, along with directly and indirectly held shares of Chevron common stock.
Are there any buy or sell transactions in this Chevron (CVX) Form 3?
No, the Form 3 records only holdings, not transactions. All entries are coded as holdings with an unknown transaction code, and the summary shows zero buy or sell shares, reflecting an initial statement of beneficial ownership.
When do Amit R. Ghai’s Chevron (CVX) restricted stock units vest?
The footnotes detail staggered vesting schedules. Various restricted stock unit grants vest in one-third installments on dates such as January 31 and February 10 or February 1 across years from 2026 through 2029, with settlement in cash or shares as specified.
What are the Chevron (CVX) phantom stock units reported by Amit R. Ghai?
Each phantom stock unit is the economic equivalent of one Chevron common share. Issued under the Chevron ESIP-RP, these units are payable in cash upon Amit R. Ghai’s retirement or other termination of service, rather than settling in actual shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
