Chevron (NYSE: CVX) legal chief sells 2,470 spouse-trust shares
Rhea-AI Filing Summary
CHEVRON CORP (CVX) reported that Chief Legal Officer Pate R. Hewitt disclosed a sale of 2,470 shares of Common Stock on August 18, 2026 at $205.1088 per share, held indirectly through his spouse's trust. He disclaims beneficial ownership of those spouse-trust shares. After this sale, that trust held 10,794 shares. On the same date, he reported 8,719 shares held directly (including 81 shares from dividend reinvestment on vested stock units), 9,664 shares held indirectly through a Chevron 401(k) plan (including 90 shares acquired between March 31, 2026 and August 18, 2026), and 20 shares held indirectly by the Pate Family Trust. The transactions were not reported as made under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
Net Seller: 2,470 shares
Net Sell
4 txns
Insider
Pate R. Hewitt
Role
Chief Legal Officer
Sold
2,470 shs ($507K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 2,470 | $205.1088 | $507K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,794 shares (Indirect, By Spouse Trust);
Common Stock — 8,719 shares (Direct);
Common Stock — 9,664 shares (Indirect, By 401(k) plan);
Common Stock — 20 shares (Indirect, By Pate Family Trust)
Footnotes (3)
- F1. The reporting person disclaims beneficial ownership of the shares held by his spouse's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse's trust for purposes of Section 16 or for any other purpose.
- F2. This number includes the acquisition of stock resulting from the reinvestment of dividends on vested stock units (81) issued under the Chevron Corporation 2022 Long-Term Incentive Plan.
- F3. Between March 31, 2026 and August 18, 2026, the reporting person acquired 90 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
Key Figures
Shares sold: 2,470 shares of Common Stock
Sale price per share: $205.1088 per share
Spouse trust holdings after sale: 10,794 shares
+3 more
6 metrics
Shares sold
2,470 shares of Common Stock
Sale on August 18, 2026 by spouse’s trust
Sale price per share
$205.1088 per share
Open market or private transaction on August 18, 2026
Spouse trust holdings after sale
10,794 shares
Indirect ownership by spouse’s trust after August 18, 2026 sale
Direct holdings
8,719 shares
Shares held directly by Pate R. Hewitt, including 81 from dividend reinvestment
401(k) plan holdings
9,664 shares
Shares in Chevron Employee Savings Investment Plan, including 90 acquired between March 31, 2026 and August 18, 2026
Pate Family Trust holdings
20 shares
Shares held indirectly by Pate Family Trust as of August 18, 2026
Key Terms
beneficial ownership, Section 16, Chevron Corporation 2022 Long-Term Incentive Plan, Chevron Employee Savings Investment Plan
4 terms
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of the shares held"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of the shares held by his spouse's trust for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Chevron Corporation 2022 Long-Term Incentive Plan financial
"issued under the Chevron Corporation 2022 Long-Term Incentive Plan"
Chevron Employee Savings Investment Plan financial
"under the Chevron Employee Savings Investment Plan, a 401(k) plan"
FAQ
What insider transaction did CVX disclose for Pate R. Hewitt on August 18, 2026?
CVX disclosed that Pate R. Hewitt reported a sale of 2,470 shares of Chevron Common Stock on August 18, 2026 at a price of $205.1088 per share, involving shares held indirectly through his spouse's trust.
What are Pate R. Hewitt’s direct holdings of CVX stock after these transactions?
Following the reported transactions, Pate R. Hewitt held 8,719 shares directly of Chevron Common Stock. This figure includes 81 shares acquired through the reinvestment of dividends on vested stock units under the Chevron Corporation 2022 Long-Term Incentive Plan.
Were Pate R. Hewitt’s CVX transactions made under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox was not marked as affirming a trading plan, so the reported transactions were not disclosed as made pursuant to a Rule 10b5-1 plan.
What other indirect CVX holdings does Pate R. Hewitt report?
In addition to the spouse’s trust and 401(k) holdings, Pate R. Hewitt reports 20 shares of Chevron Common Stock held indirectly through the Pate Family Trust, as of August 18, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
