Form 4: Chevron Director Charles W. Moorman Reports Acquisition of Phantom Stock

Director Charles W. Moorman reports acquiring phantom stock in Chevron under the Non-Employee Directors' Equity Compensation and Deferral Plan.

Summary

• Charles W. Moorman, a director of Chevron Corp, reported a transaction involving phantom stock on March 3, 2025.
• The transaction involved the acquisition of 295 shares of phantom stock under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.
• The price of the phantom stock was $153.09 per share.
• Following the transaction, Moorman directly owns 18,310 shares of Chevron common stock, including dividend equivalent accruals.
• The phantom stock becomes payable in common stock upon the reporting person's termination of service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard compensation transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock will be converted to common stock upon the director's termination of service.

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies like Chevron.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and equity ownership.

Key Dates