Form 4: Chevron Director Alice P. Gast Acquires Over 1,700 Stock Units Through Compensation Plan

Chevron Corporation Director Alice P. Gast has acquired 1,704 common stock units as part of the company's Non-Employee Directors' Equity Compensation and Deferral Plan, increasing her total beneficial ownership to 29,121 shares.

Summary

• Alice P. Gast, a Director of Chevron Corp (CVX), acquired 1,704 shares of common stock on May 28, 2025.
• These shares were issued as stock units under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
• The acquisition price for these stock units was reported as $0, indicating they were granted as compensation rather than purchased.
• The reported amount of securities beneficially owned by Ms. Gast following this transaction is 29,121 shares.
• This total includes 1,092 dividend equivalent accruals on stock units, also issued under the same compensation plan.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates a routine, planned equity grant to a director, aligning their interests with shareholders. It does not suggest any negative operational or financial issues for the company.

Positives

• The acquisition of stock units by a director aligns their financial interests with those of the shareholders, potentially fostering stronger governance and long-term strategic focus.
• The transaction is part of a pre-existing equity compensation plan, indicating a structured approach to director remuneration.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Chevron Corporation's future financial performance or strategic outlook.

Industry Context

This filing reflects a routine compensation event for a non-employee director, common practice across large publicly traded corporations, particularly in the energy sector. Such equity grants are designed to align director incentives with long-term shareholder value creation.

Comparison to Industry Standards

• The issuance of stock units as part of a non-employee director compensation plan is a standard practice across major corporations, including those in the oil and gas industry like ExxonMobil, Shell, and BP, which also utilize equity-based compensation to attract and retain qualified board members.
• The specific number of units granted and the total beneficial ownership would typically be benchmarked against peer companies' director compensation structures, though this document does not provide such comparative data.

Related Party Transactions

• The acquisition of 1,704 common stock units by Director Alice P. Gast under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan constitutes a related party transaction, as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The equity grant to a director can be viewed positively as it aligns the director's financial interests with the long-term performance of the company, potentially leading to decisions that enhance shareholder value.

Key Dates

Keywords

Chevron, CVX, Form 4, Insider Transaction, Director Compensation, Stock Units, Equity Compensation, Corporate Governance