Chevron (NYSE: CVX) CFO sells 7,534 shares after option exercise

Rhea-AI Filing Summary

Chevron Chief Financial Officer Eimear P. Bonner reported exercising stock options and selling shares of Chevron common stock. On January 28, 2026, she exercised 7,534 non-qualified stock options at an exercise price of $110.37 per share, receiving the same number of common shares.

That same day, she sold 7,534 Chevron common shares at a price of $170 per share under a Rule 10b5-1 trading plan adopted on February 24, 2025. After these transactions, she held 4,366 shares directly and 408 shares indirectly through a share incentive plan.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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^*

BONNER EIMEAR P

(Last) (First) (Middle)

1400 SMITH STREET

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/28/2026		M(1)		7,534	A	$110.37	11,900	D
Common Stock	01/28/2026		S(1)		7,534	D	$170	4,366	D
Common Stock								408	I	Share Incentive Plan

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
Non-Qualified Stock Option (Right to Buy)	$110.37	01/28/2026		M			7,534	(2)	01/29/2030	Common Stock	7,534	$0	0	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2025.

2. 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.

	/s/ Rose Z. Pierson, Attorney-in-Fact for Eimear P. Bonner	01/30/2026
	** 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).
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FAQ

What did Chevron (CVX) CFO Eimear Bonner report in this Form 4?

Chevron CFO Eimear Bonner reported an option exercise and related share sale. She exercised 7,534 non-qualified stock options at $110.37 per share, then sold 7,534 common shares at $170 per share, all under a pre-arranged Rule 10b5-1 trading plan.

How many Chevron (CVX) shares did CFO Eimear Bonner sell on January 28, 2026?

On January 28, 2026, Eimear Bonner sold 7,534 Chevron common shares. The sale price was $170 per share, and the transaction followed an option exercise for the same number of shares, executed under a previously adopted Rule 10b5-1 trading plan.

What stock options did Chevron CFO Eimear Bonner exercise in this filing?

Eimear Bonner exercised 7,534 non-qualified stock options with an exercise price of $110.37. The options were granted on January 29, 2020, with one-third vesting on January 31 of 2021, 2022, and 2023 before being fully exercisable in this reported transaction.

What is the Rule 10b5-1 trading plan mentioned in Chevron CFO’s Form 4?

The sales were made under a Rule 10b5-1 trading plan adopted by Eimear Bonner on February 24, 2025. Such plans allow insiders to pre-schedule trades, helping separate personal trading decisions from access to material nonpublic information under specified conditions.

How many Chevron (CVX) shares does Eimear Bonner own after these transactions?

After the reported transactions, Eimear Bonner beneficially owned 4,366 Chevron common shares directly. She also held 408 additional shares indirectly through a share incentive plan, reflecting her remaining equity exposure following the option exercise and related share sale.

What happened to the Chevron stock options after Eimear Bonner’s exercise?

Following the exercise of 7,534 non-qualified stock options at $110.37, Eimear Bonner’s remaining balance for that option grant was reduced to zero. The options were originally scheduled to expire on January 29, 2030, but were fully exercised in this reported transaction.