Chevron (NYSE: CVX) awards 1,272 stock units to board director
Rhea-AI Filing Summary
WARNER CYNTHIA J reported acquisition or exercise transactions in this Form 4 filing.
Cynthia J. Warner, a director of Chevron Corp, received 1,272 stock units of common stock as a compensation award. The units were issued at a price of $0.00 per unit under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
This award includes 259 stock units from dividend equivalent accruals on existing units. After this grant, Warner directly holds a total of 7,837 stock units in the plan.
Positive
- None.
Negative
- None.
Insights
Routine non-cash equity grant to a Chevron director, neutral for shareholders.
Cynthia J. Warner received 1,272 stock units of Chevron common stock at $0.00 per unit. The award was made under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan, indicating it is standard board compensation rather than an open-market transaction.
The grant includes 259 units from dividend equivalent accruals, showing dividends are mirrored in stock unit form. Following the award, Warner holds 7,837 stock units. As a routine, non-cash director grant with no market purchase or sale, this development is generally neutral for investors.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WARNER CYNTHIA J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,272 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,837 shares (Direct)
Footnotes (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 (259) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
Key Figures
Stock units granted: 1,272 stock units
Grant price: $0.00 per unit
Holdings after grant: 7,837 stock units
+1 more
4 metrics
Stock units granted
1,272 stock units
Non-Employee Directors' Equity Compensation and Deferral Plan grant
Grant price
$0.00 per unit
Non-cash equity compensation award
Holdings after grant
7,837 stock units
Total stock units directly held after transaction
Dividend equivalent units
259 stock units
Portion of grant from dividend equivalent accruals
Key Terms
Non-Employee Directors' Equity Compensation and Deferral Plan, stock units, dividend equivalent accruals, Common Stock
4 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"
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 (259)"
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.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Cynthia J. Warner acquire in Chevron (CVX) according to this Form 4?
Cynthia J. Warner received 1,272 stock units of Chevron common stock as a compensation award. These units were issued under Chevron's Non-Employee Directors' Equity Compensation and Deferral Plan at no cash cost to her, reflecting routine director compensation, not an open-market purchase.
At what price were the 1,272 Chevron (CVX) stock units awarded to Cynthia J. Warner?
The 1,272 Chevron stock units were awarded at a price of $0.00 per unit. This indicates a non-cash equity compensation grant under the Non-Employee Directors' Equity Compensation and Deferral Plan, rather than a market transaction where the director paid cash for the shares.
How many Chevron (CVX) stock units does Cynthia J. Warner hold after this grant?
After the grant, Cynthia J. Warner directly holds 7,837 Chevron stock units. This total reflects the newly awarded 1,272 units, including dividend equivalent accruals, combined with her prior holdings within the company’s non-employee director equity compensation structure.
What portion of Cynthia J. Warner’s new Chevron (CVX) units are dividend equivalents?
Of the 1,272 Chevron stock units awarded, 259 units represent dividend equivalent accruals. These accruals mirror dividends that would have been paid on underlying stock units, instead credited as additional units under the Non-Employee Directors' Equity Compensation and Deferral Plan.
Is Cynthia J. Warner’s Chevron (CVX) award a market purchase or a compensation grant?
The 1,272 Chevron stock units represent a compensation grant, not a market purchase. They were issued at $0.00 per unit under the Non-Employee Directors' Equity Compensation and Deferral Plan, indicating routine non-employee director equity compensation rather than an open-market buy or sell.