Chevron director receives 1,272-share stock grant

Chevron Corporation director Marillyn A. Hewson reported a compensation-related stock grant.

Rhea-AI Filing Summary

Chevron Corporation director Marillyn A. Hewson reported a compensation-related stock grant. On May 27, 2026, she acquired 1,272 shares of Chevron common stock at a stated price of $0.00 per share as a grant or award, increasing her direct holdings to 15,020 shares.

Footnotes explain that these stock units were issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan and include 328 units from dividend equivalent accruals. The filing also notes an indirect holding of 59 shares through a spouse trust.

Insider Trade Summary

Grant/Award: 1,272 shares

Grant/Award 2 txns

Insider HEWSON MARILLYN A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,272	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 15,020 shares (Direct); Common Stock — 59 shares (Indirect, By Spouse Trust)

Footnotes (2)

1. F1. This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
2. F2. This number includes the acquisition of dividend equivalent accruals on stock units (328) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

Key Figures

Stock grant: 1,272 shares Grant price: $0.00 per share Direct holdings after grant: 15,020 shares +2 more

5 metrics

Stock grant 1,272 shares Common Stock grant on May 27, 2026

Grant price $0.00 per share Stated price for awarded shares

Direct holdings after grant 15,020 shares Common Stock directly owned after transaction

Indirect holdings 59 shares Held indirectly via spouse trust

Dividend equivalent units 328 units Included in stock units under directors’ plan

Key Terms

Non-Employee Directors' Equity Compensation and Deferral Plan, dividend equivalent accruals, stock units

3 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"

dividend equivalent accruals financial

"includes the acquisition of dividend equivalent accruals on stock units (328)"

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.

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Chevron (CVX) director Marillyn Hewson report in this Form 4?

Marillyn A. Hewson reported receiving a grant of Chevron common stock. The filing shows an award of 1,272 shares at a stated price of $0.00, increasing her direct ownership to 15,020 shares, plus 59 shares held indirectly through a spouse trust.

Was Marillyn Hewson’s Chevron (CVX) Form 4 transaction a market purchase or a grant?

The Form 4 reflects a grant or award, not a market purchase. The 1,272 Chevron shares were acquired at a stated price of $0.00 as compensation, issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

How many Chevron (CVX) shares does Marillyn Hewson own after this Form 4 transaction?

After the reported grant, Marillyn Hewson directly holds 15,020 Chevron common shares. The filing also shows 59 additional shares held indirectly through a spouse trust, giving investors a clearer view of her total reported equity exposure.

What is the role of dividend equivalent accruals in Marillyn Hewson’s Chevron (CVX) grant?

The footnotes state that the reported number includes 328 stock units from dividend equivalent accruals. These accruals represent additional units granted in connection with dividends under the Non-Employee Directors' Equity Compensation and Deferral Plan.

How are Marillyn Hewson’s indirect Chevron (CVX) holdings structured in this Form 4?

The Form 4 lists 59 Chevron shares as indirectly owned via a spouse trust. This is classified as indirect ownership, separate from the 15,020 shares she holds directly after the reported grant or award transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/29/2026 - 04:27 PM Learn about SEC filing dates

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^*

HEWSON MARILLYN A

(Last) (First) (Middle)

1400 SMITH STREET

(Street)

HOUSTON TEXAS 77002

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/27/2026		A		1,272(1)	A	$0	15,020(2)	D
Common Stock								59	I	By Spouse Trust

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

Explanation of Responses:

1. This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

2. This number includes the acquisition of dividend equivalent accruals on stock units (328) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Rose Z. Pierson, Attorney-in-Fact for Marillyn A. Hewson	05/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)