Chevron (NYSE: CVX) president sells 16,800 shares after exercising options
Rhea-AI Filing Summary
CHEVRON CORP (CVX) reported insider activity by Andrew Benjamin Walz, President, DM&C, involving option exercises and a share sale on August 17, 2026. Walz exercised 16,800 non-qualified stock options (4,100 at a strike price of $88.20 and 12,700 at $132.69) for common stock and then sold 16,800 common shares at a weighted-average price of $201.0615 per share. He also reported indirect ownership of 8,990 Chevron shares held through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 16,800 shares ($1.33M approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Walz Andrew Benjamin
Role
President, DM&C
Sold
16,800 shs ($3.38M)
Approx. gross sale proceeds
$3.38M
Approx. exercise cost
$2.05M
Approx. pre-tax spread
$1.33M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) F4 | 4,100 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (Right to Buy) F5 | 12,700 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 4,100 | $88.20 | $362K |
| Exercise | Common Stock | 12,700 | $132.69 | $1.69M |
| Sale | Common Stock F2 | 16,800 | $201.0615 | $3.38M |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 14 shares (Direct);
Common Stock — 8,990 shares (Indirect, By 401(k) plan)
Footnotes (5)
- F1. This number includes the acquisition of stock resulting from the reinvestment of dividends on vested restricted stock units (14 shares) under the Chevron Corporation 2022 Long-Term Incentive Plan.
- F2. This transaction was executed in multiple trades at prices ranging from $201.01 to $201.1150. 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 range provided.
- F3. Between March 3, 2026 and August 17, 2026, the reporting person acquired 185 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) Plan.
- F4. Option granted 1/27/2021. One-third of the shares subject to the option vested on January 31, 2022, January 31, 2023 and January 31, 2024, respectively.
- F5. Option granted 1/26/2022. One-third of the shares subject to the option vested on January 31, 2023, January 31, 2024 and January 31, 2025, respectively.
Key Figures
Shares sold: 16,800 shares
Weighted-average sale price: $201.0615 per share
Options exercised at $88.20: 4,100 options
+4 more
7 metrics
Shares sold
16,800 shares
Common stock sale on August 17, 2026
Weighted-average sale price
$201.0615 per share
Common stock sale executed in multiple trades between $201.01 and $201.1150
Options exercised at $88.20
4,100 options
Non-qualified stock options with a conversion price of $88.20 per share
Options exercised at $132.69
12,700 options
Non-qualified stock options with a conversion price of $132.69 per share
Indirect 401(k) holdings
8,990 shares
Chevron common stock held indirectly through a 401(k) plan after reported transactions
401(k) plan acquisitions
185 shares
Shares acquired between March 3, 2026 and August 17, 2026 under Chevron 401(k) plan
Dividend reinvestment shares
14 shares
Resulting from reinvestment of dividends on vested restricted stock units
Key Terms
Non-Qualified Stock Option, weighted-average sale price, 401(k) Plan, Employee Savings Investment Plan
4 terms
Non-Qualified Stock Option financial
"security_title: 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
"The price reported in Column 4 reflects the weighted-average sale price."
401(k) Plan financial
"acquired 185 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) Plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Employee Savings Investment Plan financial
"acquired 185 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) Plan."
FAQ
What insider transactions did Andrew Benjamin Walz report for CHEVRON CORP (CVX) on August 17, 2026?
Andrew Benjamin Walz reported option exercises and a share sale in Chevron stock on August 17, 2026. He exercised 16,800 options into common stock and then sold 16,800 common shares in the market the same day.
What stock options did Andrew Benjamin Walz exercise in Chevron (CVX)?
He exercised a total of 16,800 non-qualified stock options for Chevron common stock. This included 4,100 options with a strike price of $88.20 expiring January 27, 2031, and 12,700 options with a strike price of $132.69 expiring January 26, 2032.
Were the Chevron (CVX) insider transactions by Andrew Benjamin Walz under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirming a trading plan. The footnotes describing the transactions do not reference a Rule 10b5-1 or other pre-arranged trading plan for these trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
