Chevron (NYSE: CVX) president gets RSU shares, uses stock to pay taxes

Rhea-AI Filing Summary

Chevron executive Andrew Benjamin Walz, President DM&C, reported equity compensation activity on February 10, 2026. He acquired 896 and 1,313 shares of Chevron common stock at $0 per share through the vesting and conversion of restricted stock units, increasing his directly held common stock to 2,129 shares.

To cover tax obligations tied to these awards, he disposed of 204 and 542 shares of common stock at $182.26 per share, reported as tax-withholding transactions rather than open-market sales. Following these moves, he also held 968 and 2,628 restricted stock units directly, plus 8,802 shares indirectly through a 401(k) plan, which included 3 shares acquired between February 4 and February 10, 2026.

Insider Trade Summary

2,209 shares exercised/converted

Mixed 7 txns

Insider Walz Andrew Benjamin

Role President, DM&C

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	896	$0.00	--
Exercise	Restricted Stock Units	1,313	$0.00	--
Exercise	Common Stock	896	$0.00	--
Tax Withholding	Common Stock	204	$182.26	$37K
Exercise	Common Stock	1,313	$0.00	--
Tax Withholding	Common Stock	542	$182.26	$99K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 968 shares (Direct); Common Stock — 1,562 shares (Direct); Common Stock — 8,802 shares (Indirect, By 401(k) plan)

Footnotes (1)

1. Each restricted stock unit is the economic equivalent of one share of Chevron common stock. Between February 4, 2026 and February 10, 2026, the reporting person acquired 3 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. 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 February 10, 2026, respectively, and one-third of the shares subject to the award will vest on February 10, 2027, and settle in shares of Chevron common stock on the date of vesting. This number includes dividend equivalents (43 shares). Restricted stock units granted on February 4, 2025, under the Chevron Corporation 2022 Long-Term Incentive Plan. 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, 2026, and one-third of the shares subject to the award will vest on February 10, 2027 and February 10, 2028, respectively, and settle in shares of Chevron common stock on the date of vesting.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Walz Andrew Benjamin

(Last) (First) (Middle)

1400 SMITH STREET

(Street)

HOUSTON TX 77002

(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)
	President, DM&C

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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	02/10/2026		M		896	A	$0(1)	1,562	D
Common Stock	02/10/2026		F		204	D	$182.26	1,358	D
Common Stock	02/10/2026		M		1,313	A	$0(1)	2,671	D
Common Stock	02/10/2026		F		542	D	$182.26	2,129	D
Common Stock								8,802(2)	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	(1)	02/10/2026		M			896	(3)	(3)	Common Stock	896	(1)	968	D
Restricted Stock Units	(1)	02/10/2026		M			1,313(4)	(5)	(5)	Common Stock	1,313(4)	(1)	2,628	D

Explanation of Responses:

1. Each restricted stock unit is the economic equivalent of one share of Chevron common stock.

2. Between February 4, 2026 and February 10, 2026, the reporting person acquired 3 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) Plan.

3. Restricted stock units granted on February 6, 2024 under the Chevron Corporation 2022 Long-Term Incentive Plan. 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 February 10, 2026, respectively, and one-third of the shares subject to the award will vest on February 10, 2027, and settle in shares of Chevron common stock on the date of vesting.

4. This number includes dividend equivalents (43 shares).

5. Restricted stock units granted on February 4, 2025, under the Chevron Corporation 2022 Long-Term Incentive Plan. 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, 2026, and one-third of the shares subject to the award will vest on February 10, 2027 and February 10, 2028, respectively, and settle in shares of Chevron common stock on the date of vesting.

	/s/ Christine L. Cavallo, Attorney-in-Fact for Andrew Benjamin Walz	02/12/2026
	** 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.
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FAQ

What insider transactions did Chevron (CVX) executive Andrew Walz report?

Andrew Walz reported restricted stock unit vesting and related tax-withholding transactions. He received 896 and 1,313 Chevron common shares from RSU conversions and surrendered 204 and 542 shares at $182.26 per share to satisfy tax obligations tied to those equity awards.

Did Andrew Walz buy or sell Chevron (CVX) shares on the open market?

The filing does not show open-market purchases or sales. Reported dispositions with code F reflect shares withheld at $182.26 per share to pay taxes on vested restricted stock units, rather than discretionary trading activity in Chevron common stock.

How many Chevron (CVX) shares does Andrew Walz hold after these transactions?

After the reported activity, Andrew Walz directly held 2,129 Chevron common shares. He also had indirect ownership of 8,802 shares through a 401(k) plan and held 968 and 2,628 restricted stock units that are scheduled to settle in Chevron common stock upon vesting.

What restricted stock unit awards are disclosed for Andrew Walz at Chevron (CVX)?

The Form 4 shows RSUs granted in 2024 and 2025 under Chevron’s 2022 Long-Term Incentive Plan. Portions vested on February 10, 2025 and February 10, 2026, with remaining tranches scheduled to vest on February 10, 2027, 2028, and settle in common stock.

At what price were Andrew Walz’s Chevron (CVX) tax-withholding share dispositions recorded?

Shares withheld to cover tax liabilities were recorded at $182.26 per Chevron share. Two tax-withholding transactions occurred on February 10, 2026, disposing of 204 and 542 shares, respectively, as part of the restricted stock unit vesting process.

How many Chevron (CVX) shares did Andrew Walz acquire through his 401(k) plan?

Between February 4, 2026 and February 10, 2026, Andrew Walz acquired 3 Chevron common shares through the Chevron Employee Savings Investment Plan, a 401(k) plan. This brought his indirect holdings in the plan to 8,802 Chevron common shares.