Chevron director Hess exercises options, sells stock
Chevron Corp director John B. Hess reported a series of equity transactions on August 3, 2026.
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Form Type
4
Rhea-AI Filing Summary
Chevron Corp director John B. Hess reported a series of equity transactions on August 3, 2026. He exercised non-qualified stock options into 709,362 shares of common stock and associated entities sold 810,665 shares. He also reported restructuring moves totaling 2,701,503 shares, including a pro rata distribution from a limited partnership and transfers involving family trusts and a direct account.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
22 txns
Insider
HESS JOHN B
Role
Director
Sold
810,665 shs ($157.37M)
Approx. gross sale proceeds
$157.37M
Approx. exercise cost
$50.35M
Share of Position Sold
59.9%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) F18 | 170,077 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (Right to Buy) F19 | 243,706 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (Right to Buy) F20 | 117,498 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (Right to Buy) F21 | 103,771 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (Right to Buy) F22 | 74,310 | $0.00 | $0.00 |
| Sale | Common Stock F1, F2 | 55,510 | $194.0703 | $10.77M |
| Sale | Common Stock F3, F2 | 44,490 | $194.4974 | $8.65M |
| Other | Common Stock F4, F5 | 2,244,497 | $0.00 | $0.00 |
| Other | Common Stock F4, F6 | 9,118 | $0.00 | $0.00 |
| Other | Common Stock F4, F7 | 439,786 | $0.00 | $0.00 |
| Other | Common Stock F4, F8 | 8,102 | $0.00 | $0.00 |
| Exercise | Common Stock | 170,077 | $55.36 | $9.42M |
| Exercise | Common Stock | 243,706 | $48.51 | $11.82M |
| Exercise | Common Stock | 117,498 | $73.21 | $8.60M |
| Exercise | Common Stock | 103,771 | $98.71 | $10.24M |
| Exercise | Common Stock | 74,310 | $138.10 | $10.26M |
| Sale | Common Stock F9 | 174,821 | $194.4221 | $33.99M |
| Sale | Common Stock F10 | 25,179 | $195.2772 | $4.92M |
| Sale | Common Stock F11 | 90,031 | $192.7486 | $17.35M |
| Sale | Common Stock F12 | 118,657 | $193.2886 | $22.94M |
| Sale | Common Stock F13 | 271,946 | $194.4805 | $52.89M |
| Sale | Common Stock F14, F15 | 30,031 | $195.1371 | $5.86M |
| Holding | Common Stock F16 | -- | -- | -- |
| Holding | Common Stock F17 | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 178,045 shares (Indirect, By Trust);
Common Stock — 5,000,000 shares (Indirect, By Limited Partnership);
Common Stock — 16,404 shares (Indirect, By GST Trust);
Common Stock — 439,786 shares (Indirect, By Family Trust);
Common Stock — 363,711 shares (Direct);
Common Stock — 29,471 shares (Indirect, By Family LLC);
Common Stock — 307,500 shares (Indirect, By LLC)
Holdings Before and After:
Non-Qualified Stock Option (Right to Buy), 709,362 to 0 contracts (Direct);
Common Stock, 278,045 to 178,045 shares (Indirect, By Trust);
Common Stock, 7,244,497 to 5,000,000 shares (Indirect, By Limited Partnership);
Common Stock, 7,286 to 16,404 shares (Indirect, By GST Trust);
Common Stock, 0 to 439,786 shares (Indirect, By Family Trust);
Common Stock, 356,912 to 363,711 shares (Direct)
Footnotes (22)
- F1. These shares were sold in multiple transactions at prices ranging from $193.30 to $194.2999, inclusive. The price reported in Column 4 reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (3), and (9) through (14) to this Form 4.
- F2. Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
- F3. These shares were sold in multiple transactions at prices ranging from $194.30 to $195.01, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F4. Reflects a pro rata distribution for no consideration, from a limited partnership referred to in footnote (5). As to 457,006 shares, this transaction represents a change only in form of beneficial ownership. The remaining shares were distributed to partners as to which the reporting person has no reporting obligations.
- F5. Shares are held by a limited partnership of which the reporting person is a limited partner and serves on the management committee of the general partner of the limited partnership.
- F6. Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
- F7. Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
- F8. This number includes the acquisition of dividend equivalent accruals on stock units (12) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
- F9. These shares were sold in multiple transactions at prices ranging from $193.87 to $194.86, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F10. These shares were sold in multiple transactions at prices ranging from $194.89 to $195.68, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F11. These shares were sold in multiple transactions at prices ranging from $191.98 to $192.97, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F12. These shares were sold in multiple transactions at prices ranging from $192.98 to $193.9709, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F13. These shares were sold in multiple transactions at prices ranging from $193.98 to $194.97, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F14. These shares were sold in multiple transactions at prices ranging from $194.98 to $195.69, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F15. Total includes the sale of 1,303 shares directly held.
- F16. Shares are held by a limited liability company of which the reporting person is a member and is a general partner and manager of a limited partnership that is the manager of the limited liability company.
- F17. Shares are held by a limited liability company of which the reporting person and the reporting person's son are the sole members, and the reporting person is the manager.
- F18. Option Granted: 3/6/2019. One-third of the shares subject to the option vested on March 6, 2020, March 6, 2021, and March 6, 2022, respectively, pursuant to the Hess Equity Plans.
- F19. Option Granted: 3/6/2020. One-third of the shares subject to the option vested on March 6, 2021, March 6, 2022, and March 6, 2023, respectively, pursuant to the Hess Equity Plans.
- F20. Option Granted: 3/6/2021. One-third of the shares subject to the option vested on March 6, 2022, March 6, 2023, and March 6, 2024, respectively, pursuant to the Hess Equity Plans.
- F21. Option Granted: 3/6/2022. One-third of the shares subject to the option vested on March 6, 2023, March 6, 2024, and March 6, 2025, respectively, pursuant to the Hess Equity Plans.
- F22. Option Granted: 3/6/2023. One-third of the shares subject to the option vested on March 6, 2024, March 6, 2025, and July 18, 2025, respectively, pursuant to the Hess Equity Plans.
Key Figures
Shares sold: 810665 shares
Shares from option exercises: 709362 shares
Restructuring transactions: 2701503 shares
+5 more
8 metrics
Shares sold
810665 shares
Aggregate Chevron common stock sales by direct and indirect holdings on 2026-08-03
Shares from option exercises
709362 shares
Total common shares underlying non-qualified stock options exercised on 2026-08-03
Restructuring transactions
2701503 shares
Shares involved in transaction code J restructurings (distributions and transfers)
Option exercise price (2019 grant)
$55.36 per share
Conversion or exercise price for 170077 non-qualified stock options granted 3/6/2019
Option exercise price (2023 grant)
$138.10 per share
Conversion or exercise price for 74310 non-qualified stock options granted 3/6/2023
Trust sale block
55510 shares at $194.0703
Common shares sold indirectly via a trust for Hess’s benefit on 2026-08-03
Limited partnership holding
5000000 shares
Common shares held by a limited partnership after pro rata distribution, where Hess is a limited partner
Family trust holding
439786 shares
Common shares held by a family trust established for Hess’s benefit after J-code transaction
Key Terms
Non-Qualified Stock Option, weighted average sale price, pro rata distribution, beneficial ownership, +1 more
5 terms
Non-Qualified Stock Option financial
"Security title listed as "Non-Qualified Stock Option (Right to Buy)""
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
weighted average sale price financial
"Footnotes state Column 4 reflects the weighted average sale price"
pro rata distribution financial
"Reflects a pro rata distribution for no consideration from a limited partnership"
A pro rata distribution is when a company or organization shares out money, assets, or benefits evenly among all eligible people based on their size or share. For example, if a company makes a profit and distributes it to shareholders, each person gets a portion proportional to how many shares they own. It ensures everyone gets their fair part based on their ownership or stake.
beneficial ownership financial
"This transaction represents a change only in form of beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Non-Employee Directors' Equity Compensation and Deferral Plan financial
"Dividend equivalent accruals on stock units issued under the Chevron Corporation plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did John B. Hess report in this Form 4 for Chevron (CVX)?
John B. Hess reported multiple Chevron equity transactions on August 3, 2026, including option exercises, open-market sales, and restructuring transfers. The filing covers 709,362 shares from option exercises, 810,665 shares sold, and 2,701,503 shares involved in restructuring transactions.
How many Chevron (CVX) stock options did John B. Hess exercise?
Hess exercised non-qualified stock options covering 709,362 Chevron common shares. These came from several option grants with exercise prices including $55.36, $48.51, $73.21, $98.71, and $138.10 per share, all originally granted between 2019 and 2023.
AI-generated analysis. How Rhea-AI works. Not financial advice.
