Form 4: Chevron Director Marillyn A. Hewson Reports Phantom Stock Transaction

Director Marillyn A. Hewson reports acquisition of phantom stock and dividend equivalent accruals under Chevron's Non-Employee Directors' Equity Compensation and Deferral Plan.

Summary

• On May 24, 2024, Marillyn A. Hewson, a director of Chevron Corp, reported a transaction involving phantom stock.
• Hewson acquired 247 shares of phantom stock under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.
• The price of the phantom stock was $157.75 per share.
• These shares become payable in common stock upon termination of service.
• Hewson also reported dividend equivalent accruals of 35 shares.
• Following the reported transaction, Hewson beneficially owns 3,777 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Future Outlook

The phantom stock will be payable in common stock upon the reporting person's termination of service.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.

Key Dates