Form 4: Chevron Director Donald J. Umpleby III Reports Changes in Beneficial Ownership

Director Donald J. Umpleby III reports acquisition and disposal of Chevron stock and stock units, including transfers to a revocable trust.

Summary

• Donald J. Umpleby III, a director of Chevron Corp, filed a Form 4 detailing changes in his beneficial ownership of Chevron stock.
• On May 29, 2024, Umpleby acquired 1,477 stock units under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
• He also acquired 60 dividend equivalent accruals on stock units under the same plan.
• Umpleby disposed of 3,059 shares of common stock.
• 1,350 shares previously directly owned are now indirectly owned by the Umpleby Revocable Trust.
• Following these transactions, Umpleby directly owns 49 shares and indirectly owns 10,573 shares through the Umpleby Revocable Trust and shares by Spouse Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in ownership and potential alignment of interests.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to Chevron shareholders as they provide insight into the director's stake in the company.

Key Dates