Chevron director adds 19 phantom stock units
Rhea-AI Filing Summary
CHEVRON CORP (CVX) director Cynthia J. Warner reported a discretionary transaction under Rule 16b-3(f) involving 19 phantom stock units tied to Chevron common stock at a reference value of $201.86 per unit. After this acquisition, she holds 426 phantom stock units under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan, payable in common stock upon termination of service on a 1-for-1 basis and including dividend equivalent accruals.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WARNER CYNTHIA J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Phantom Stock F1, F2, F3 | 19 | $201.86 | $4K |
Holdings After Transaction:
Phantom Stock — 426 shares (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 (4) under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.
Key Figures
Phantom stock units acquired: 19.0000 units
Transaction price per unit: $201.8600 per unit
Total phantom stock units after transaction: 426.0000 units
+2 more
5 metrics
Phantom stock units acquired
19.0000 units
Discretionary transaction on 2026-08-28
Transaction price per unit
$201.8600 per unit
Reference value for phantom stock on 2026-08-28
Total phantom stock units after transaction
426.0000 units
Holdings following the 2026-08-28 transaction
Dividend equivalent accruals included
4 units
Portion of total phantom stock under the plan
Conversion ratio
1-for-1
Phantom stock payable in common stock on termination of service
Key Terms
Phantom Stock, Chevron Non-Employee Directors' Equity Compensation and Deferral Plan, Rule 16b-3(f), dividend equivalent accruals
4 terms
Phantom Stock financial
"The shares of phantom stock issued under the Chevron Non-Employee Directors'"
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"
Rule 16b-3(f) regulatory
"transaction under Rule 16b-3(f)"
dividend equivalent accruals financial
"This number includes dividend equivalent accruals (4) under the Chevron"
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
What transaction did Cynthia J. Warner report in this Form 4 for CVX?
She reported a discretionary transaction under Rule 16b-3(f), acquiring 19 phantom stock units linked to Chevron common stock, at a reference value of $201.86 per unit, increasing her total phantom stock holdings to 426 units.
What is the nature of the phantom stock reported for CVX?
The phantom stock is issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan and becomes payable in Chevron common stock upon the director’s termination of service, on a 1-for-1 share basis.
How many phantom stock units does Cynthia J. Warner hold after this CVX transaction?
After the reported transaction, Cynthia J. Warner holds 426 phantom stock units under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan, a figure that includes 4 units of dividend equivalent accruals.
What does the $201.86 figure represent in the CVX Form 4 filing?
The filing lists a transaction price per unit of $201.86 for the 19 phantom stock units acquired in the discretionary transaction. The price is reported on a per-share basis for this derivative-type award.
When will the CVX phantom stock reported by Cynthia J. Warner be settled?
According to the filing, the phantom stock units become payable in Chevron common stock upon the reporting person’s termination of service as a non-employee director, with settlement on a 1-for-1 share basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
