Chevron (NYSE: CVX) CEO Wirth reports 65,010 RSUs and stock sales
Rhea-AI Filing Summary
Chevron Corporation Chairman and CEO Michael K. Wirth reported equity award activity and related share movements. On January 31, 2026, restricted stock units converted into 51,707 and 8,974 shares of Chevron common stock at an exercise price of $0, increasing his directly held stock before dispositions.
That same day he disposed of 51,707 shares at $176.90 per share and a further 3,871 shares at $176.90, leaving 19,553 shares held directly. He also reports indirect holdings of 17,784 shares through a limited partnership, 18,684 shares in a 401(k) plan, and 51 shares via the Wirth Family Trust.
On February 1, 2026, Wirth received a new grant of 65,010 restricted stock units, each economically equivalent to one Chevron share. These units accrue dividend equivalents, are scheduled to vest in three annual installments from February 1, 2027 through February 1, 2029, and shares issued upon vesting are subject to a two-year post-vesting holding period. Footnotes state he owns only a 1% general partnership interest in the limited partnership and disclaims beneficial ownership of its shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 65,010 | $0.00 | -- |
| Exercise | Restricted Stock Units | 51,707 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,974 | $0.00 | -- |
| Exercise | Common Stock | 51,707 | $0.00 | -- |
| Disposition | Common Stock | 51,707 | $176.90 | $9.15M |
| Exercise | Common Stock | 8,974 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,871 | $176.90 | $685K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit is the economic equivalent of one share of Chevron common stock. 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. This number includes dividend equivalents (6,134 shares). Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. The restricted stock units are payable in cash and vested on January 31, 2026. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash and vested on January 31, 2026. Restricted stock units granted on January 25, 2023 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 January 31, 2024, January 31, 2025 and January 31, 2026, respectively and settled in shares of Chevron common stock on the date of vesting. Shares issued upon vesting are subject to a two-year post-vesting holding period, which is removed upon termination of employment. Restricted stock units granted 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 this 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. Shares issued upon vesting are subject to a two-year post-vesting holding period, which is removed upon termination of employment.
