Chevron director granted 1,272 stock units

Chevron Corporation director Thomas W. Horton reported an equity award under the company’s non-employee director plan.

Rhea-AI Filing Summary

Chevron Corporation director Thomas W. Horton reported an equity award under the company’s non-employee director plan. He received 1,272 stock units of Chevron common stock at no cash cost, described as a grant or other acquisition rather than an open-market purchase or sale.

After this award, Horton directly holds 1,734 stock units, including units attributable to dividend equivalent accruals under the same Non-Employee Directors' Equity Compensation and Deferral Plan. This filing reflects routine director compensation rather than discretionary trading in Chevron shares.

Insider Trade Summary

Grant/Award: 1,272 shares

Grant/Award 1 txn

Insider HORTON THOMAS W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,272	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,734 shares (Direct)

Footnotes (2)

1. F1. This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
2. F2. This number includes the acquisition of dividend equivalent accruals on stock units (4) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

Key Figures

Stock units granted: 1,272 stock units Holdings after transaction: 1,734 stock units Grant price per unit: $0.0000 per unit

3 metrics

Stock units granted 1,272 stock units Award on 2026-05-27 under non-employee director plan

Holdings after transaction 1,734 stock units Total direct holdings following reported grant

Grant price per unit $0.0000 per unit Equity award, no cash paid by reporting person

Key Terms

Non-Employee Directors' Equity Compensation and Deferral Plan, stock units, dividend equivalent accruals

3 terms

Non-Employee Directors' Equity Compensation and Deferral Plan financial

"stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan"

stock units financial

"This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan."

Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.

dividend equivalent accruals financial

"includes the acquisition of dividend equivalent accruals on stock units (4) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan."

Dividend equivalent accruals are bookkeeping entries that track amounts owed to holders of stock-based awards (like restricted stock units or certain options) as if cash dividends had been paid on the underlying shares. Think of it as a running tab a company keeps for future payments: it matters to investors because these accruals increase reported compensation costs, can dilute shareholders when paid in stock, and signal future cash or share outflows tied to corporate dividend policy.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Chevron (CVX) director Thomas W. Horton report in this Form 4?

Thomas W. Horton reported receiving 1,272 Chevron stock units as an equity award. The units were granted at no cash cost under Chevron’s Non-Employee Directors' Equity Compensation and Deferral Plan as part of routine director compensation.

How many Chevron (CVX) stock units does Thomas W. Horton now hold?

Following the reported award, Thomas W. Horton directly holds 1,734 Chevron stock units. This total includes the 1,272 newly granted units plus prior holdings and dividend equivalent accruals issued under Chevron’s Non-Employee Directors' Equity Compensation and Deferral Plan.

Was Thomas W. Horton’s Chevron (CVX) Form 4 a market purchase or sale?

The Form 4 shows a grant of 1,272 stock units, not a market trade. The transaction is coded as an award or other acquisition, reflecting compensation under Chevron’s non-employee director equity and deferral plan rather than an open-market buy or sell.

What plan governed the Chevron (CVX) stock units granted to Thomas W. Horton?

The stock units were issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan. Footnotes explain that the units include dividend equivalent accruals on stock units previously issued under this same director compensation and deferral program.

Did Thomas W. Horton pay cash for the Chevron (CVX) stock units in this filing?

No cash was paid for these stock units, which carried a reported per-unit price of 0.0000. The 1,272 units represent an equity grant as part of Chevron’s non-employee director compensation structure, not an open-market purchase of Chevron common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/29/2026 - 04:28 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HORTON THOMAS W

(Last) (First) (Middle)

1400 SMITH STREET

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/27/2026		A		1,272(1)	A	$0	1,734(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

2. This number includes the acquisition of dividend equivalent accruals on stock units (4) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Rose Z. Pierson, Attorney-in-Fact for Thomas W. Horton	05/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)