Chevron director logs phantom stock transaction
Chevron director Marillyn A. Hewson reported a discretionary transaction involving 209 units of phantom stock at $185.83 per unit under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.
Rhea-AI Filing Summary
Chevron director Marillyn A. Hewson reported a discretionary transaction involving 209 units of phantom stock at $185.83 per unit under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan. Following this change, she holds 6,131 phantom stock units, including 55 dividend equivalent accruals. These phantom stock units are payable in Chevron common stock on a 1-for-1 basis when her board service ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Discretionary: 209 shares
Discretionary
1 txn
Insider
HEWSON MARILLYN A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Phantom Stock | 209 | $185.83 | $39K |
Holdings After Transaction:
Phantom Stock — 6,131 contracts (Direct)
Footnotes (3)
- F1. The shares of phantom stock issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan become payable in common stock upon the reporting person's termination of service.
- F2. 1-for-1.
- F3. This number includes dividend equivalent accruals (55) under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.
Key Figures
Phantom stock units transacted: 209 units
Reference price per unit: $185.83
Total phantom stock after transaction: 6,131 units
+2 more
5 metrics
Phantom stock units transacted
209 units
Discretionary transaction under Rule 16b-3(f)
Reference price per unit
$185.83
Phantom stock transaction valuation
Total phantom stock after transaction
6,131 units
Holdings following transaction
Dividend equivalent accruals
55 units
Included in total phantom stock holdings
Conversion ratio
1-for-1
Phantom stock payable in common stock at termination of service
Key Terms
Phantom Stock, Chevron Non-Employee Directors' Equity Compensation and Deferral Plan, dividend equivalent accruals, Rule 16b-3(f)
4 terms
Phantom Stock financial
"The shares of phantom stock issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan become payable"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Chevron Non-Employee Directors' Equity Compensation and Deferral Plan financial
"issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan become payable in common stock"
dividend equivalent accruals financial
"This number includes dividend equivalent accruals (55) under the Chevron 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.
Rule 16b-3(f) regulatory
"transaction_code_description: Discretionary transaction under Rule 16b-3(f)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Chevron (CVX) director Marillyn Hewson report?
Marillyn Hewson reported a discretionary transaction involving 209 units of phantom stock in Chevron (CVX). The units were valued at $185.83 each and are part of the Non-Employee Directors' Equity Compensation and Deferral Plan.
How many phantom stock units does Marillyn Hewson hold in Chevron (CVX) after this transaction?
After the transaction, Marillyn Hewson holds 6,131 phantom stock units tied to Chevron (CVX). This total includes 55 units from dividend equivalent accruals under the Non-Employee Directors' Equity Compensation and Deferral Plan.
What is phantom stock in the context of Chevron (CVX) director compensation?
Phantom stock for Chevron (CVX) directors is a deferred equity-based award tracking common stock value. Under the Non-Employee Directors' Equity Compensation and Deferral Plan, these units convert into Chevron common shares, typically on a 1-for-1 basis, when board service ends.
At what price was the Chevron (CVX) phantom stock transaction recorded for Marillyn Hewson?
The 209 phantom stock units for Marillyn Hewson were recorded at $185.83 per unit. This valuation reflects the reference price used for the discretionary transaction under Chevron’s Non-Employee Directors' Equity Compensation and Deferral Plan.
When will Marillyn Hewson’s Chevron (CVX) phantom stock units be paid out?
Hewson’s phantom stock units will be paid in Chevron (CVX) common stock when her service as a non-employee director ends. At that time, each phantom unit converts into one share of Chevron common stock under the plan’s terms.
How do dividend equivalent accruals affect Chevron (CVX) phantom stock holdings?
Dividend equivalent accruals increase the number of phantom stock units linked to Chevron (CVX). In this filing, 55 of Marillyn Hewson’s 6,131 units arose from dividend equivalents credited under the Non-Employee Directors' Equity Compensation and Deferral Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
