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Chevron (CVX) Controller Alana Knowles details RSU exercise and share holdings

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Chevron Corporation officer Alana K. Knowles, who serves as Controller, reported equity transactions in Chevron common stock dated 12/17/2025. She exercised 86 restricted stock units for Chevron common stock at an exercise price of $0 and then had 86 shares withheld at a price of $149.52 to cover tax obligations under the award terms based on her age and years of service. Following these transactions, she directly owned 1,207 shares of Chevron common stock and indirectly held 12,924 shares through a 401(k) plan, along with 1,850 restricted stock units, which include dividend equivalents. The restricted stock units were granted under the Chevron Corporation 2022 Long-Term Incentive Plan and vest in three annual installments through February 2027.

Positive

  • None.

Negative

  • None.
Insider Knowles Alana K
Role Controller
Type Security Shares Price Value
Exercise Restricted Stock Units 86 $0.00 --
Exercise Common Stock 86 $0.00 --
Tax Withholding Common Stock 86 $149.52 $13K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,850 shares (Direct); Common Stock — 1,293 shares (Direct); Common Stock — 12,924 shares (Indirect, By 401(k) plan)
Footnotes (1)
  1. This number includes the acquisition of stock resulting from the reinvestment of dividends on vested restricted stock units (26) issued under the Chevron Corporation 2022 Long-Term Incentive Plan. Reflects withholding of shares to cover required tax obligations under the terms of the award agreement due to the reporting person's age and years of service. Between August 30, 2025 and December 17, 2025, the reporting person acquired 192 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan. Restricted stock units granted on February 6, 2024 under the Chevron Corporation 2022 Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron common stock. 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 February 10, 2025, and one-third of the shares subject to the award will vest on February 10, 2026 and February 10, 2027, respectively, and settle in shares of Chevron common stock on the date of vesting. This number includes dividend equivalents (83 shares).
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Knowles Alana K

(Last) (First) (Middle)
5001 EXECUTIVE PARKWAY
SUITE 200

(Street)
SAN RAMON CA 94583

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Controller
3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/17/2025 M 86 A $0 1,293(1) D
Common Stock 12/17/2025 F(2) 86 D $149.52 1,207 D
Common Stock 12,924(3) I By 401(k) plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0(4) 12/17/2025 M 86 (4) (4) Common Stock 86 $0 1,850(5) D
Explanation of Responses:
1. This number includes the acquisition of stock resulting from the reinvestment of dividends on vested restricted stock units (26) issued under the Chevron Corporation 2022 Long-Term Incentive Plan.
2. Reflects withholding of shares to cover required tax obligations under the terms of the award agreement due to the reporting person's age and years of service.
3. Between August 30, 2025 and December 17, 2025, the reporting person acquired 192 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
4. Restricted stock units granted on February 6, 2024 under the Chevron Corporation 2022 Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron common stock. 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 February 10, 2025, and one-third of the shares subject to the award will vest on February 10, 2026 and February 10, 2027, respectively, and settle in shares of Chevron common stock on the date of vesting.
5. This number includes dividend equivalents (83 shares).
/s/ Rose Z. Pierson, Attorney-in-Fact for Alana K. Knowles 12/19/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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