Chevron (CVX) director Umpleby receives 1,272 stock units and reports trust holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chevron director Donald J. Umpleby III reported a compensation-related acquisition of 1,272 shares of Chevron common stock-equivalent units on May 27, 2026. These stock units were issued at no cash cost under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
Following this award, Umpleby directly holds 3,031 Chevron common stock units. The filing notes that 55 of these stock units reflect dividend equivalent accruals under the same directors' plan. In addition to his direct holdings, he reports indirect ownership through family trusts.
Indirect positions include 13,714 Chevron common stock shares held by the Umpleby Revocable Trust, 55 shares held by a Spouse Revocable Trust, and 3 shares held by a Spouse Irrevocable Trust. These trust positions are reported as indirect ownership and do not represent new open-market purchases or sales in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Umpleby III Donald J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,272 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,031 shares (Direct);
Common Stock — 3 shares (Indirect, By Spouse Irrevocable Trust)
Footnotes (1)
- This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan. This number includes the acquisition of dividend equivalent accruals on stock units (55) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
Key Figures
Equity grant: 1,272 stock units
Direct holdings after grant: 3,031 stock units
Umpleby Revocable Trust holdings: 13,714 shares
+4 more
7 metrics
Equity grant
1,272 stock units
Common Stock units granted on May 27, 2026
Direct holdings after grant
3,031 stock units
Chevron common stock units held directly after transaction
Umpleby Revocable Trust holdings
13,714 shares
Chevron common stock held indirectly by Umpleby Revocable Trust
Spouse Revocable Trust holdings
55 shares
Chevron common stock held indirectly by Spouse Revocable Trust
Spouse Irrevocable Trust holdings
3 shares
Chevron common stock held indirectly by Spouse Irrevocable Trust
Dividend equivalent accruals
55 stock units
Dividend equivalent accruals on stock units under directors' plan
Acquire transactions
1 transaction
One grant/award acquisition reported in transaction summary
Key Terms
Non-Employee Directors' Equity Compensation and Deferral Plan, stock units, dividend equivalent accruals, Revocable Trust, +1 more
5 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 (55) 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.
Revocable Trust financial
"nature_of_ownership: by Umpleby Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Irrevocable Trust financial
"nature_of_ownership: By Spouse Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Donald J. Umpleby report in Chevron (CVX) Form 4?
Donald J. Umpleby reported receiving 1,272 Chevron common stock-equivalent units as a compensation-related grant. The units were issued at no cash cost under Chevron's Non-Employee Directors' Equity Compensation and Deferral Plan, reflecting equity compensation rather than an open-market share purchase.
What indirect Chevron (CVX) holdings are reported for Umpleby on this Form 4?
The Form 4 shows indirect Chevron holdings through family trusts: 13,714 shares held by the Umpleby Revocable Trust, 55 shares by a Spouse Revocable Trust, and 3 shares by a Spouse Irrevocable Trust. These are reported as indirect ownership positions rather than new market transactions.
What is the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan mentioned in the Form 4?
The plan is the program under which Chevron issues stock units to non-employee directors as equity compensation. In this Form 4, Umpleby’s 1,272 stock units, including 55 units from dividend equivalent accruals, were issued under this plan instead of being bought on the open market.