Chevron (NYSE: CVX) director receives 1,272-share equity award and updates holdings

Rhea-AI Filing Summary

Chevron director Debra L. Reed reported a routine equity award and updated share holdings. She received an acquisition of 1,272 shares of common stock at $0.0000 per share, described as a grant or other award rather than an open-market purchase. Following this award, she directly holds 17,420 Chevron shares.

The filing also shows 4,596 shares held indirectly through the Reed Revocable Trust501 stock units from dividend equivalent accruals and 5 shares acquired via dividend reinvestment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider REED DEBRA L

Role null

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

Holdings After Transaction: Common Stock — 17,420 shares (Direct, null); Common Stock — 4,596 shares (Indirect, By Reed Revocable Trust)

Footnotes (1)

1. This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan. This number includes the acquisition of dividend equivalent accruals on stock units (501) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan. This number includes 5 shares acquired through dividend reinvestment.

Key Figures

Equity award: 1,272 shares Direct holdings after grant: 17,420 shares Indirect holdings: 4,596 shares +3 more

6 metrics

Equity award 1,272 shares Common stock grant at $0.0000 per share

Direct holdings after grant 17,420 shares Common stock held directly by Debra L. Reed

Indirect holdings 4,596 shares Common stock held by Reed Revocable Trust

Dividend equivalent accrual units 501 stock units Units under Non-Employee Directors' Equity Compensation and Deferral Plan

Dividend reinvestment shares 5 shares Shares acquired through dividend reinvestment

Award price $0.0000 per share Price for 1,272-share grant/award acquisition

Key Terms

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

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 (501) issued under the plan."

dividend reinvestment financial

"This number includes 5 shares acquired through dividend reinvestment."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

Form 4 Insider Transactions: What Each Field Means →

05/29/2026 - 04:40 PM

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^*

REED DEBRA L

(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	17,420(2)	D
Common Stock								4,596(3)	I	By Reed Revocable 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 (501) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

3. This number includes 5 shares acquired through dividend reinvestment.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Rose Z. Pierson, Attorney-in-Fact for Debra L. Reed	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)

FAQ

What insider transaction did Chevron (CVX) report for Debra L. Reed?

Chevron reported that director Debra L. Reed received an equity award of 1,272 shares of common stock at $0.0000 per share. This is classified as a grant or award, not an open-market purchase, and updates her reported share ownership.

How many Chevron (CVX) shares does Debra L. Reed own after this Form 4?

After the reported grant, Debra L. Reed directly holds 17,420 Chevron shares. The filing also shows 4,596 shares held indirectly through the Reed Revocable Trust, reflecting both direct and certain indirect ownership positions as of the transaction date.

Was Debra L. Reed’s Chevron (CVX) award an open-market stock purchase?

No. The Form 4 classifies the 1,272 shares as a grant, award, or other acquisition at $0.0000 per share. This indicates compensation-related stock issuance rather than an open-market buy, typical for non-employee director equity programs.

What is the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan?

The plan issues stock units to Chevron non-employee directors as part of their compensation. The filing notes that some reported units come from this plan, including dividend equivalent accruals that add additional stock units tied to dividends on underlying Chevron shares.

How were dividend equivalents and reinvested dividends reflected for Chevron (CVX)?

The filing states that reported stock units include 501 units from dividend equivalent accruals under the directors’ plan. It also notes that the total includes 5 shares acquired through dividend reinvestment, where cash dividends are automatically used to buy additional shares.