Form 4: Chevron Director Cynthia Warner Reports Acquisition of Stock Units

Director Cynthia Warner reported the acquisition of 1,477 Chevron stock units on May 29, 2024, under the company's Non-Employee Directors' Equity Compensation and Deferral Plan.

Summary

• Cynthia J. Warner, a director of Chevron Corp, filed a Form 4 on May 30, 2024, reporting a transaction.
• On May 29, 2024, Warner acquired 1,477 shares of Chevron common stock.
• These shares were acquired under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
• The reported transaction also includes the acquisition of dividend equivalent accruals on stock units, totaling 101 shares.
• Following the reported transaction, Warner beneficially owns 4,422 shares of Chevron common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to director compensation, with no explicit positive or negative implications.

Positives

• The acquisition of stock units by a director signals confidence in the company's future performance.

Industry Context

Director stock acquisitions are common in publicly traded companies as part of their compensation packages and are often seen as a sign of alignment between management and shareholder interests.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates a director's investment in the company.

Key Dates