Chevron director awarded 1,272 shares in stock grant
Chevron director Debra L. Reed reported a routine equity award and updated share holdings.
Accepted by SEC EDGAR
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Form Type
4
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
Grant/Award: 1,272 shares
Grant/Award
1 txn
Insider
REED DEBRA L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,272 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,420 shares (Direct);
Common Stock — 4,596 shares (Indirect, By Reed Revocable Trust)
Holdings Before and After:
Common Stock, 16,148 to 17,420 shares (Direct)
Footnotes (3)
- F1. This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
- F2. 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.
- F3. 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 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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
