Form 4: Chevron CEO Michael Wirth Reports Stock Transactions

Chevron's CEO, Michael Wirth, reports the vesting and disposal of restricted stock units and common stock transactions.

Summary

• Michael Wirth, Chevron's Chairman and CEO, filed a Form 4 detailing changes in his beneficial ownership of Chevron stock.
• On February 10, 2025, 9,994 restricted stock units vested, converting into shares of Chevron common stock.
• Wirth disposed of 4,714 shares of common stock to cover tax obligations at a price of $155.77 per share.
• Following these transactions, Wirth directly owns 13,816 shares of common stock.
• He also indirectly owns 17,784 shares through a limited partnership and 17,870 shares through a 401(k) plan.
• The reported transactions include dividend equivalents of 1,263 shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative performance.

Future Outlook

One-third of the shares subject to the award will vest on February 10, 2026 and February 10, 2027, 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.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation activities.

Key Dates

Keywords

Form 4, Chevron, Michael Wirth, Stock, Restricted Stock Units, Beneficial Ownership, Transactions