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Chevron (NYSE: CVX) director receives 1,272 stock units grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HERNANDEZ ENRIQUE JR reported acquisition or exercise transactions in this Form 4 filing.

Chevron Corp director Enrique Hernandez Jr reported receiving an award of 1,272 shares of Common Stock on May 27, 2026. The award was granted at $0.00 per share as equity compensation, rather than through an open-market purchase.

After this grant, Hernandez directly holds 34,859 Chevron stock units, which include 1,406 units attributable to dividend equivalent accruals under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.

Positive

  • None.

Negative

  • None.
Insider HERNANDEZ ENRIQUE JR
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,272 $0.00 --
Holdings After Transaction: Common Stock — 34,859 shares (Direct, null)
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 (1,406) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
Stock units granted 1,272 shares Award of Common Stock on May 27, 2026
Grant price $0.00 per share Equity compensation award, not open-market purchase
Total holdings after grant 34,859 stock units Directly held by Enrique Hernandez Jr following the transaction
Dividend equivalent accrual units 1,406 units Included in stock units issued under directors’ equity and deferral plan
Non-Employee Directors' Equity Compensation and Deferral Plan financial
"stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan"
stock units financial
"This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
dividend equivalent accruals financial
"This number includes the acquisition of dividend equivalent accruals on stock units (1,406) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
HERNANDEZ ENRIQUE JR
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/27/2026A1,272(1)A$034,859(2)D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 (1,406) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
/s/ Rose Z. Pierson, Attorney-in-Fact for Enrique Hernandez, Jr.05/29/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Chevron (CVX) director Enrique Hernandez Jr report on this Form 4 filing?

Enrique Hernandez Jr reported receiving an award of 1,272 shares of Chevron Common Stock at $0.00 per share. This equity grant was issued under Chevron’s Non-Employee Directors' Equity Compensation and Deferral Plan, increasing his directly held stock units to 34,859 after the transaction.

How many Chevron (CVX) shares were granted to Enrique Hernandez Jr?

He was granted 1,272 shares of Chevron Common Stock in this transaction. The shares were issued as a stock award at no cash cost, reflecting equity-based compensation rather than a market purchase, and form part of his overall director compensation package.

What is Enrique Hernandez Jr’s total Chevron (CVX) holding after the reported grant?

Following the award, Hernandez directly holds 34,859 Chevron stock units. This figure includes units received from prior awards as well as 1,406 units attributable to dividend equivalent accruals under Chevron’s Non-Employee Directors' Equity Compensation and Deferral Plan.

Was the Chevron (CVX) director’s Form 4 transaction an open-market stock purchase or sale?

The transaction was not an open-market trade; it was coded as a grant or award acquisition. Hernandez received 1,272 shares at $0.00 per share, indicating stock-based compensation under Chevron’s non-employee directors’ equity plan rather than a discretionary market buy or sell.

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

The plan is Chevron’s program for granting stock units and related awards to non-employee directors. In this filing, Hernandez’s 1,272-share grant and 1,406 dividend equivalent accrual units are both issued under this plan, aligning director compensation with Chevron’s equity performance.