Chevron (CVX) vice chair Nelson exercises options, sells 139,600 shares
Rhea-AI Filing Summary
Chevron Vice Chairman Mark A. Nelson reported option exercises and share sales. On March 2, 2026, he exercised non-qualified stock options for 62,600 shares at $113.01 per share and 77,000 shares at $110.37 per share, acquiring Chevron common stock through derivative exercises.
He then sold 62,600 shares of common stock at a weighted average price of $188.1138 and 77,000 shares at a weighted average price of $187.7643, totaling 139,600 shares sold in open-market transactions. After these trades, he directly owned 11,337 Chevron common shares and indirectly held 18,907 shares through a 401(k) plan, which included 9 shares acquired between February 11, 2026 and March 2, 2026.
Positive
- None.
Negative
- None.
Insights
Large option exercises were immediately paired with equivalent share sales.
Vice Chairman Mark A. Nelson exercised long-vested stock options on 62,600 and 77,000 Chevron shares at strike prices of $113.01 and $110.37, respectively. These are standard non-qualified stock options that had fully vested in prior years based on the grant schedules disclosed.
On the same day, he sold all 139,600 acquired shares in open-market transactions at weighted average prices of about $188.11 and $187.76. This pattern resembles a cashless exercise, where options are converted and shares are sold to realize value rather than held for longer-term exposure.
Following these transactions, his direct holdings decreased to 11,337 Chevron shares, while indirect holdings via a 401(k) plan rose to 18,907 shares, including 9 shares accumulated between February 11, 2026 and March 2, 2026. The overall impact on Chevron’s total share count is minimal, and the activity primarily reflects personal portfolio and compensation management.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 62,600 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (Right to Buy) | 77,000 | $0.00 | -- |
| Exercise | Common Stock | 62,600 | $113.01 | $7.07M |
| Sale | Common Stock | 62,600 | $188.1138 | $11.78M |
| Exercise | Common Stock | 77,000 | $110.37 | $8.50M |
| Sale | Common Stock | 77,000 | $187.7643 | $14.46M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These shares were sold in multiple transactions at prices ranging from $187.50 to $188.45, 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 1 and 2 to this Form 4. These shares were sold in multiple transactions at prices ranging from $187.50 to $188.22, inclusive. The price reported in Column 4 reflects the weighted average sale price. Between February 11, 2026 and March 2, 2026, the reporting person acquired 9 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan. Option granted 1/30/2019. One-third of the shares subject to the option vested on January 31, 2020, January 31, 2021 and January 31, 2022, respectively. Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, January 31, 2022 and January 31, 2023, respectively.
