Chevron director acquires 213 phantom stock units
Rhea-AI Filing Summary
Chevron Corp (CVX) director Marillyn A. Hewson reported a discretionary acquisition of derivative awards in the form of phantom stock on 2026-08-28 under Rule 16b-3(f). She acquired 213 phantom stock units at $201.86 per unit, bringing her total phantom stock holdings to 6,400 units, including dividend-equivalent accruals. Each phantom stock unit is payable in Chevron common stock on termination of her board service at a 1-for-1 rate.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HEWSON MARILLYN A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Discretionary | Phantom Stock F1, F2, F3 | 213 | $201.86 | $43K |
Holdings After Transaction:
Phantom Stock — 6,400 shares (Direct)
Footnotes (3)
- F1. The shares of phantom stock issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan become payable in common stock upon the reporting person's termination of service.
- F2. 1-for-1.
- F3. This number includes dividend equivalent accruals (56) under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.
Key Figures
Phantom stock units acquired: 213 units
Transaction price per phantom stock unit: $201.86
Total phantom stock units after transaction: 6,400 units
+2 more
5 metrics
Phantom stock units acquired
213 units
Discretionary transaction on 2026-08-28 under Rule 16b-3(f)
Transaction price per phantom stock unit
$201.86
Price per unit for the 213 phantom stock units acquired
Total phantom stock units after transaction
6,400 units
Director’s phantom stock holdings following the reported acquisition
Dividend equivalent accruals included
56 units
Portion of the 6,400 phantom stock units attributable to dividend equivalents
Phantom stock conversion ratio
1-for-1
Each phantom stock unit becomes one share of Chevron common stock
Key Terms
Phantom Stock, Chevron Non-Employee Directors' Equity Compensation and Deferral Plan, Rule 16b-3(f), dividend equivalent accruals
4 terms
Phantom Stock financial
"The shares of phantom stock issued under the Chevron Non-Employee Directors'"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Chevron Non-Employee Directors' Equity Compensation and Deferral Plan financial
"issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan"
Rule 16b-3(f) regulatory
"transaction under Rule 16b-3(f)"
dividend equivalent accruals financial
"This number includes dividend equivalent accruals (56) under the Chevron"
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.
FAQ
What insider transaction did CVX director Marillyn Hewson report?
Marillyn A. Hewson reported a discretionary acquisition of 213 phantom stock units on 2026-08-28 under Rule 16b-3(f), increasing her phantom stock position to 6,400 units tied to Chevron common stock.
How many Chevron (CVX) phantom stock units did Marillyn Hewson acquire and at what price?
She acquired 213 phantom stock units at a reported price of $201.86 per unit, each representing one share of Chevron common stock under the company’s non-employee directors’ equity compensation and deferral plan.
What is Marillyn Hewson’s total phantom stock holding in CVX after this transaction?
After the transaction, Marillyn A. Hewson holds a total of 6,400 phantom stock units. This total includes 56 units from dividend equivalent accruals under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.
How are Chevron (CVX) phantom stock units held by Marillyn Hewson settled?
The phantom stock units are issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan and become payable in Chevron common stock upon Marillyn Hewson’s termination of service as a director, on a 1-for-1 share basis.
Was Marillyn Hewson’s Chevron (CVX) phantom stock transaction a market purchase or sale?
No market purchase or sale was reported. The filing describes the event as a discretionary transaction under Rule 16b-3(f), recording the acquisition of phantom stock units as part of director compensation and deferral arrangements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
