Chevron exec reports RSU vesting and tax shares

Chevron’s President, New Energies, Jeff B. Gustavson reported routine equity award activity.

Rhea-AI Filing Summary

Chevron’s President, New Energies, Jeff B. Gustavson reported routine equity award activity. On February 10, 2026, restricted stock units representing 968 and 930 units vested and converted into the same number of Chevron common shares at an exercise price of $0.

To cover tax obligations, the company withheld 236 and 241 shares of common stock at $182.26 per share. After these transactions, he directly holds 3,716 Chevron common shares, plus 3 additional shares indirectly through a 401(k) plan, and 1,861 restricted stock units that remain outstanding.

Insider Trade Summary

1,898 shares exercised/converted

Exercise 7 txns

Insider GUSTAVSON JEFF B

Role President, New Energies

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	968	$0.00	$0.00
Exercise	Restricted Stock Units	930	$0.00	$0.00
Exercise	Common Stock	968	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	236	$182.26	$43K
Exercise	Common Stock	930	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	241	$182.26	$44K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,829 contracts (Direct); Common Stock — 3,716 shares (Direct); Common Stock — 3 shares (Indirect, By 401(k) plan)

Footnotes (6)

1. F1. Each restricted stock unit is the economic equivalent of one share of Chevron common stock.
2. F2. This number includes rounding of fractional shares.
3. F3. The number includes dividend equivalents (83 shares).
4. F4. Restricted stock units granted on February 6, 2024 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 February 10, 2025 and February 10, 2026, respectively, and one-third of the shares subject to the award will vest on February 10, 2027, and 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.
5. F5. This number includes dividend equivalents (121 shares).
6. F6. Restricted stock units granted on February 4, 2025 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 vested on February 10, 2026, and one-third of the shares subject to the award will vest on February 10, 2027 and February 10, 2028, respectively, and 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

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

What insider transaction did Chevron (CVX) report for Jeff B. Gustavson?

Chevron reported that Jeff B. Gustavson had restricted stock units vest into common shares. Two RSU blocks, 968 and 930 units, converted into Chevron common stock on February 10, 2026 as part of long-term incentive awards.

How many Chevron (CVX) shares were withheld for taxes in this Form 4?

A total of 477 Chevron shares were withheld for taxes. The company retained 236 shares and 241 shares at a price of $182.26 per share to satisfy associated tax liabilities from the RSU vesting.

How many Chevron (CVX) shares does Jeff B. Gustavson hold after the transactions?

After the reported transactions, Jeff B. Gustavson directly holds 3,716 Chevron common shares. He also has 3 additional Chevron shares held indirectly through a 401(k) plan, plus 1,861 restricted stock units that may settle in stock later.

What restricted stock unit activity was disclosed for Chevron (CVX) in this filing?

The filing shows two RSU tranches, 968 and 930 units, converting into Chevron common shares on February 10, 2026. These units were granted under the Chevron Corporation 2022 Long-Term Incentive Plan and accrue dividend equivalents over time.

Who is the Chevron (CVX) insider involved in this Form 4 and what is his role?

The insider is Jeff B. Gustavson, an officer of Chevron serving as President, New Energies. The Form 4 details his equity compensation activity, including RSU vesting, share issuance, and tax share withholding on February 10, 2026.

Are the reported Chevron (CVX) insider transactions open-market buys or sales?

The transactions reflect equity award vesting and related tax withholding, not open-market trades. Shares were acquired through RSU conversion at $0 exercise price, while some shares were automatically withheld at $182.26 per share to cover tax obligations.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/12/2026 - 05:31 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^*

GUSTAVSON JEFF B

(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)
	President, New Energies

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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	02/10/2026		M		968	A	$0(1)	3,263(2)	D
Common Stock	02/10/2026		F		236	D	$182.26	3,027	D
Common Stock	02/10/2026		M		930	A	$0(1)	3,957	D
Common Stock	02/10/2026		F		241	D	$182.26	3,716	D
Common Stock								3	I	By 401(k) 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
Restricted Stock Units	(1)	02/10/2026		M			968(3)	(4)	(4)	Common Stock	968(3)	(1)	968	D
Restricted Stock Units	(1)	02/10/2026		M			930(5)	(6)	(6)	Common Stock	930(5)	(1)	1,861	D

Explanation of Responses:

1. Each restricted stock unit is the economic equivalent of one share of Chevron common stock.

2. This number includes rounding of fractional shares.

3. The number includes dividend equivalents (83 shares).

4. Restricted stock units granted on February 6, 2024 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 February 10, 2025 and February 10, 2026, respectively, and one-third of the shares subject to the award will vest on February 10, 2027, and 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.

5. This number includes dividend equivalents (121 shares).

6. Restricted stock units granted on February 4, 2025 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 vested on February 10, 2026, and one-third of the shares subject to the award will vest on February 10, 2027 and February 10, 2028, respectively, and 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.

	/s/ Christopher A. Butner, Attorney-in-Fact for Jeff B. Gustavson	02/12/2026
	** Signature of Reporting Person	Date
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