Form 4: Chevron Director Cynthia J. Warner Reports Acquisition of Phantom Stock

Director Cynthia J. Warner reports acquiring phantom stock in Chevron under the Non-Employee Directors' Equity Compensation and Deferral Plan.

Summary

• Cynthia J. Warner, a director of Chevron Corp, filed a Form 4 to report changes in beneficial ownership.
• The report indicates that Warner acquired phantom stock under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan on March 3, 2025.
• Warner acquired 25 shares of phantom stock at a price of $153.09.
• Following the transaction, Warner directly owns 267 derivative securities.
• These shares of phantom stock become payable in common stock upon the reporting person's termination of service.
• The reported number includes dividend equivalent accruals under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the compensation and equity ownership of Chevron's directors.

Key Dates