Chevron (CVX) CEO Michael Wirth logs major option exercises and stock sales
Rhea-AI Filing Summary
Chevron Corporation’s Chairman and CEO Michael K. Wirth reported multiple stock transactions on January 5, 2026. He exercised two non-qualified stock options covering 239,900 shares at $83.29 and 80,800 shares at $117.24 per share, converting them into common stock. On the same day, he sold several blocks of Chevron common stock pursuant to a Rule 10b5-1 trading plan adopted on November 6, 2024, including 47,910 shares at $161.1191, 134,540 shares at $162.5419, 82,934 shares at $163.6076, 30,244 shares at $164.5791, and 25,072 shares at $165.0531, all at weighted average prices. After these transactions, he held 14,450 shares directly, plus indirect holdings of 18,684 shares through a 401(k) plan, 17,784 shares via a limited partnership where he owns a 1% general partnership interest, and 51 shares through the Wirth Family Trust.
Positive
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Insights
Chevron’s CEO exercised long‑standing options and sold shares under a pre-set 10b5-1 trading plan.
Michael K. Wirth, Chevron’s Chairman and CEO, exercised two non-qualified stock options granted in 2016 and 2017, covering 239,900 and 80,800 shares at exercise prices of $83.29 and $117.24. These options were fully vested years earlier, so the activity reflects use of existing equity awards rather than new grants.
On the same day, he sold multiple blocks of common stock at weighted average prices between $161.1191 and $165.0531, all pursuant to a Rule 10b5-1 trading plan adopted on November 6, 2024. Such plans automate trading and are intended to provide an affirmative defense against allegations of trading on material nonpublic information.
Following the transactions, Wirth reported 14,450 shares held directly and additional indirect holdings: 18,684 shares via a 401(k) plan, 17,784 shares via a limited partnership where he has a 1% general partnership interest, and 51 shares via the Wirth Family Trust. He disclaims beneficial ownership of the limited partnership shares except to the extent of his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 239,900 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (Right to Buy) | 80,800 | $0.00 | -- |
| Exercise | Common Stock | 239,900 | $83.29 | $19.98M |
| Exercise | Common Stock | 80,800 | $117.24 | $9.47M |
| Sale | Common Stock | 47,910 | $161.1191 | $7.72M |
| Sale | Common Stock | 134,540 | $162.5419 | $21.87M |
| Sale | Common Stock | 82,934 | $163.6076 | $13.57M |
| Sale | Common Stock | 30,244 | $164.5791 | $4.98M |
| Sale | Common Stock | 25,072 | $165.0531 | $4.14M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 6, 2024. These shares were sold in multiple transactions at prices ranging from $160.965 to $161.17, inclusive. The price reported in Column 4 reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (6) to this Form 4. These shares were sold in multiple transactions at prices ranging from $162.00 to $162.97, inclusive. The price reported in Column 4 reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $163.025 to $164.02, inclusive. The price reported in Column 4 reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $164.03 to $165.00, inclusive. The price reported in Column 4 reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $165.03 to $165.15, inclusive. The price reported in Column 4 reflects the weighted average sale price. 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. Option granted 1/27/2016. One-third of the shares subject to the option vested on January 27, 2017, January 27, 2018 and January 27, 2019, respectively. Option granted 1/25/2017. One-third of the shares subject to the option vested on January 31, 2018, January 31, 2019 and January 31, 2020, respectively.
FAQ
What insider stock transactions did Chevron (CVX) CEO Michael Wirth report?
Michael K. Wirth reported exercising two non-qualified stock options into Chevron common stock on January 5, 2026, and selling several blocks of common shares the same day at weighted average prices between $161.1191 and $165.0531.
Was Michael Wirth’s Chevron (CVX) stock selling done under a Rule 10b5-1 plan?
Yes. A footnote states that the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted by Michael Wirth on November 6, 2024.
What does the filing say about Michael Wirth’s ownership in the limited partnership holding Chevron shares?
The filing states that he owns only a 1% general partnership interest in the limited partnership, with the remaining interests held by four trusts for his children, and he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.