Form 4: Chevron Director Marillyn A. Hewson Reports Changes in Beneficial Ownership

Director Marillyn A. Hewson reports acquisition of Chevron stock units and dividend equivalent accruals, along with disposal of shares.

Summary

• On May 29, 2024, Marillyn A. Hewson, a director of Chevron Corp, reported changes in beneficial ownership of Chevron common stock.
• Hewson acquired 1,477 stock units under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
• She also acquired 244 shares through dividend equivalent accruals on existing stock units.
• Hewson disposed of an unspecified amount of common stock.
• Following these transactions, Hewson beneficially owns 11,275 shares of Chevron common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing represents routine transactions related to director compensation. There is no indication of unusual activity or concern.

Positives

• The acquisition of stock units and dividend equivalent accruals suggests continued alignment of the director's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard director compensation practices.

Key Dates