Chevron director John Hess sells 195K shares
CHEVRON CORP director John B. Hess reported open-market sales of Chevron common stock through a trust associated with him.
Rhea-AI Filing Summary
CHEVRON CORP director John B. Hess reported open-market sales of Chevron common stock through a trust associated with him. On May 6, 2026, the trust sold 78,048 shares at a weighted-average price of $185.2128 per share, 88,921 shares at $184.6701 per share, and 28,031 shares at $183.9030 per share.
Following these sales, the trust holds 825,014 Chevron shares for Hess’s benefit. He also has additional indirect holdings through a limited partnership and limited liability companies, plus a direct holding of 355,525 shares, as reflected in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 195,000 shares
Net Sell
8 txns
Insider
HESS JOHN B
Role
Director
Sold
195,000 shs ($36.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 28,031 | $183.903 | $5.15M |
| Sale | Common Stock | 88,921 | $184.6701 | $16.42M |
| Sale | Common Stock | 78,048 | $185.2128 | $14.46M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 665,331 shares (Indirect, By Trust);
Common Stock — 355,525 shares (Direct);
Common Stock — 7,244,497 shares (Indirect, By Limited Partnership);
Common Stock — 29,471 shares (Indirect, By Family LLC);
Common Stock — 307,500 shares (Indirect, By LLC)
Footnotes (9)
- F1. These shares were sold in multiple transactions at prices ranging from $183.14 to $184.1375, 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 footnotes (3) through (4) to this Form 4.
- F2. Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
- F3. These shares were sold in multiple transactions at prices ranging from $184.14 to $185.1399, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F4. These shares were sold in multiple transactions at prices ranging from $185.14 to $185.60, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- F5. This number includes the acquisition of dividend equivalent accruals on stock units (26) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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: 195,000 shares
Block 1 sale price: $185.2128/share
Block 2 sale price: $184.6701/share
+5 more
8 metrics
Shares sold
195,000 shares
Total Chevron common stock sold on May 6, 2026
Block 1 sale price
$185.2128/share
Weighted-average price for 78,048 shares sold
Block 2 sale price
$184.6701/share
Weighted-average price for 88,921 shares sold
Block 3 sale price
$183.9030/share
Weighted-average price for 28,031 shares sold
Trust holdings after sales
825,014 shares
Chevron shares held by trust for Hess’s benefit
Direct holdings
355,525 shares
Chevron shares held directly by John B. Hess
Limited partnership holdings
7,244,497 shares
Chevron shares held via limited partnership
Dividend equivalents
26 units
Dividend equivalent accruals on stock units under director plan
Key Terms
open-market sale, dividend equivalent accruals, Non-Employee Directors' Equity Compensation and Deferral Plan, limited partnership, +2 more
6 terms
open-market sale financial
"transaction_action: "open-market sale" for the three S-coded trades"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
dividend equivalent accruals financial
"This number includes the acquisition of dividend equivalent accruals on stock units (26)"
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.
Non-Employee Directors' Equity Compensation and Deferral Plan financial
"issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan"
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
"trust established for the benefit of the reporting person and of which the reporting person is a beneficiary"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did John B. Hess report in this Chevron (CVX) Form 4 filing?
John B. Hess reported indirect open-market sales of Chevron common stock by a trust established for his benefit. The trust sold a total of 195,000 shares on May 6, 2026 at weighted-average prices between about $183.90 and $185.21 per share.
Does the Chevron (CVX) Form 4 mention dividend equivalent accruals for John B. Hess?
Yes. A footnote explains that one reported holding number includes the acquisition of 26 dividend equivalent accruals on stock units. These were issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan and increase the reported stock unit balance for compensation purposes.
What does the transaction summary show for John B. Hess’s Chevron (CVX) trades?
The transaction summary shows three open-market sales totaling 195,000 Chevron shares and no reported purchases, exercises, gifts, or tax-withholding events in this filing. Net activity is a net-sell of 195,000 shares, alongside several updated holding entries for direct and indirect positions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
