Chevron director receives 1,272 stock units

WARNER CYNTHIA J reported acquisition or exercise transactions in this Form 4 filing.

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.

Insights

Equity compensation analyst

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

Grant/Award: 1,272 shares

Grant/Award 1 txn

Insider WARNER CYNTHIA J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,272	$0.00	$0.00

Holdings After Transaction: Common Stock — 7,837 shares (Direct)

Footnotes (2)

1. F1. This number represents stock units issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
2. F2. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/29/2026 - 04:36 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

WARNER CYNTHIA J

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/27/2026		A		1,272(1)	A	$0	7,837(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 (259) 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 Cynthia J. Warner	05/29/2026
	** Signature of Reporting Person	Date
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)