Trust tied to Chevron (NYSE: CVX) director John B. Hess sells 380,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CHEVRON CORP director John B. Hess reported indirect open-market sales of 380,000 shares of Common Stock on May 20, 2026 through a trust established for his benefit. The reported sale prices ranged from $191.30 to $197.60 per share, with each line item showing a weighted-average sale price.
After these transactions, the trust held 278,045 shares, while other indirect holdings included 7,244,497 shares held by a limited partnership, 307,500 shares held by a limited liability company, and 29,471 shares held by a family LLC. Hess also reported 355,627 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 380,000 shares ($73,414,765)
Net Sell
12 txns
Insider
HESS JOHN B
Role
null
Sold
380,000 shs ($73.41M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 117,836 | $191.5195 | $22.57M |
| Sale | Common Stock | 119,787 | $192.8617 | $23.10M |
| Sale | Common Stock | 59,045 | $193.7872 | $11.44M |
| Sale | Common Stock | 42,678 | $194.6512 | $8.31M |
| Sale | Common Stock | 7,038 | $195.9655 | $1.38M |
| Sale | Common Stock | 30,581 | $196.7429 | $6.02M |
| Sale | Common Stock | 3,035 | $197.4498 | $599K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 540,209 shares (Indirect, By Trust);
Common Stock — 355,627 shares (Direct, null)
Footnotes (1)
- These shares were sold in multiple transactions at prices ranging from $191.30 to $192.295, inclusive. 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 ranges set forth in this footnote and in footnotes (3) through (8) to this Form 4. Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary. These shares were sold in multiple transactions at prices ranging from $192.30 to $193.29, inclusive. The price reported in Column 4 reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $193.30 to $194.295, inclusive. The price reported in Column 4 reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $194.30 to $195.29, inclusive. The price reported in Column 4 reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $195.30 to $196.29, inclusive. The price reported in Column 4 reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $196.30 to $197.26, inclusive. The price reported in Column 4 reflects the weighted average sale price. These shares were sold in multiple transactions at prices ranging from $197.31 to $197.60, inclusive. The price reported in Column 4 reflects the weighted average sale price. This amount has been adjusted to reflect the addition of 102 shares of common stock that were inadvertently omitted. Shares are held by a limited partnership of which the reporting person is a limited partner and serves on the management committee of the general partner of the limited partnership. Shares are held by a limited liability company of which the reporting person is a member and is a general partner and manager of a limited partnership that is the manager of the limited liability company. Shares are held by a limited liability company of which the reporting person and the reporting person's son are the sole members, and the reporting person is the manager. Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
Key Figures
Shares sold: 380,000 shares
Price range: $191.30–$197.60 per share
Trust holdings after sale: 278,045 shares
+4 more
7 metrics
Shares sold
380,000 shares
Net open-market sales reported on May 20, 2026
Price range
$191.30–$197.60 per share
Multiple transactions, weighted-average prices per line item
Trust holdings after sale
278,045 shares
Shares held by trust established for Hess’s benefit after transactions
Limited partnership holdings
7,244,497 shares
Shares held indirectly via limited partnership after reported date
LLC holdings
307,500 shares
Shares held indirectly via limited liability company
Family LLC holdings
29,471 shares
Shares held indirectly via family limited liability company
Direct holdings
355,627 shares
Shares held directly by John B. Hess
Key Terms
weighted-average sale price, limited partnership, limited liability company, beneficiary, +1 more
5 terms
weighted-average sale price financial
"The price reported in Column 4 reflects the weighted-average sale price."
limited partnership financial
"Shares are held by a limited partnership of which the reporting person is a limited partner..."
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
limited liability company financial
"Shares are held by a limited liability company of which the reporting person is a member..."
A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.
beneficiary financial
"Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary."
indirect ownership financial
"Shares are held by a trust established for the benefit of the reporting person..."
FAQ
What insider transaction did John B. Hess report for Chevron (CVX)?
John B. Hess reported indirect open-market sales of 380,000 Chevron common shares on May 20, 2026. The sales were executed through a trust established for his benefit, rather than directly in his own name.
What other indirect Chevron (CVX) holdings are associated with John B. Hess?
Beyond the trust, Hess reported indirect Chevron holdings of 7,244,497 shares via a limited partnership, 307,500 shares via a limited liability company, and 29,471 shares via a family LLC, each reported as separate ownership entries.