Chevron (NYSE: CVX) upstream president receives 14,400 new RSUs grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chevron Corporation’s President, Upstream, Robert Clay Neff Jr. reported multiple equity compensation transactions. On January 31, 2026, restricted stock units covering 10,139 and 1,679 Chevron common shares converted into stock. He then disposed of 10,139 shares at $176.9 per share and had 622 shares withheld at $176.9 for taxes, leaving 9,516 shares held directly.
The filing also shows 9,944 shares held indirectly through a 401(k) plan and 1 share held in a custodial account by his spouse, for which he disclaims beneficial ownership. On February 1, 2026, he received a new grant of 14,400 restricted stock units under Chevron’s 2022 Long-Term Incentive Plan, scheduled to vest in three equal annual installments in 2027, 2028, and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,818 shares exercised/converted
Mixed
9 txns
Insider
Neff Robert Clay JR
Role
President, Upstream
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14,400 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,139 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,679 | $0.00 | -- |
| Exercise | Common Stock | 10,139 | $0.00 | -- |
| Disposition | Common Stock | 10,139 | $176.90 | $1.79M |
| Exercise | Common Stock | 1,679 | $0.00 | -- |
| Tax Withholding | Common Stock | 622 | $176.90 | $110K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 14,400 shares (Direct);
Common Stock — 18,598 shares (Direct);
Common Stock — 9,944 shares (Indirect, By 401(k) plan)
Footnotes (1)
- Each restricted stock unit is the economic equivalent of one share of Chevron common stock. Between December 18, 2025 and February 1, 2026, the reporting person acquired 42 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan. These securities are held by the reporting person's spouse in a custodial account. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. This number includes dividend equivalents (113 shares). Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. The restricted stock units are payable in cash and vested on January 31, 2026. This number includes dividend equivalents (19 shares). Restricted stock units granted on January 25, 2023 under the Chevron Corporation 2022 Long-Term Incentive Plan. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. One-third of the shares subject to the award vested on January 31, 2024, January 31, 2025, and January 31, 2026, respectively, and settled in shares of Chevron common stock on the date of vesting. Restricted stock units granted under the Chevron Corporation 2022 Long-Term Incentive Plan. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units. One-third of the shares subject to this award will vest on February 1, 2027, February 1, 2028 and February 1, 2029, respectively, and will settle in shares of Chevron common stock on the date of vesting. Shares issued upon vesting are subject to a two-year post-vesting holding period, which is removed upon termination of employment.
FAQ
What insider transactions did Chevron (CVX) report for Robert Clay Neff Jr.?
Chevron reported that President, Upstream, Robert Clay Neff Jr. had restricted stock units convert into common shares, sold 10,139 shares at $176.9, and had 622 shares withheld for taxes. He now holds 9,516 shares directly and additional shares through a 401(k) plan.
What new equity award did Chevron (CVX) grant to its President, Upstream?
Chevron granted the President, Upstream, 14,400 restricted stock units on February 1, 2026 under the 2022 Long-Term Incentive Plan. One-third of this award will vest on February 1 of 2027, 2028, and 2029, with settlement in Chevron common stock upon each vesting date.
What do the restricted stock units in the Chevron (CVX) filing represent?
Each restricted stock unit is the economic equivalent of one Chevron common share. The units accrue dividend equivalents as additional restricted stock units and either pay in cash or settle in Chevron shares upon vesting, depending on the specific award terms described in the footnotes.