Form 4: Chevron Controller Exercises Options, Sells Shares
Insider Transaction Report
Chevron's Controller, Alana K. Knowles, exercised stock options and subsequently sold an equal number of shares under a pre-arranged trading plan.
Summary
- Alana K. Knowles, Controller of Chevron Corp, exercised options to acquire 3,200 shares of common stock at $132.69 per share on January 28, 2026.
- Simultaneously, Knowles sold 3,200 shares of common stock at $170 per share on January 28, 2026.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on February 21, 2025.
- Following these transactions, Knowles directly owns 1,207 shares and indirectly owns 12,963 shares through a 401(k) plan.
- Between January 15, 2026, and January 28, 2026, Knowles also acquired 19 shares of Chevron common stock under the Chevron Employee Savings Investment Plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine insider activity under a pre-arranged 10b5-1 plan, indicating no new positive or negative sentiment regarding the company's prospects.
Positives
- The reporting person realized a profit by exercising options at $132.69 and selling shares at $170, indicating a gain of $37.31 per share on 3,200 shares.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that routine insider transactions, particularly those executed under a Rule 10b5-1 plan, are common practice for corporate executives managing their equity compensation and personal financial planning. These transactions typically do not reflect a change in the company's strategic direction or operational performance, but rather a pre-scheduled event.
Stakeholder Impact
- Shareholders: The sale of shares by an insider, even under a 10b5-1 plan, slightly increases the float but is unlikely to have a material impact on the overall market for Chevron's stock due to the relatively small volume.
Key Dates
| Date | Description |
|---|---|
| 2022-01-26 | Date Non-Qualified Stock Option was granted. |
| 2023-01-31 | First vesting date for one-third of the stock option shares. |
| 2024-01-31 | Second vesting date for one-third of the stock option shares. |
| 2025-01-31 | Third and final vesting date for one-third of the stock option shares. |
| 2025-02-21 | Date the Rule 10b5-1 trading plan was adopted by the reporting person. |
| 2026-01-15 | Start date of the period during which 19 shares were acquired under the 401(k) plan. |
| 2026-01-28 | Date of option exercise and subsequent sale of common stock. |
| 2026-01-28 | End date of the period during which 19 shares were acquired under the 401(k) plan. |
| 2026-01-30 | Date the Form 4 was signed. |
| 2032-01-26 | Expiration date of the Non-Qualified Stock Option. |
Recommendation
holdThis Form 4 reports a routine, pre-scheduled insider transaction (option exercise and sale) under a 10b5-1 plan. Such transactions are generally not indicative of a change in the company's fundamental outlook or a signal for investors to alter their positions. Therefore, a 'hold' recommendation is appropriate as this filing provides no new information to warrant a change in investment strategy.
Keywords
Chevron, CVX, Insider Trading, Form 4, Stock Option Exercise, Share Sale, Alana K Knowles, Controller, 10b5-1 Plan
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