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

Director Marillyn A. Hewson reports acquisition of phantom stock convertible to Chevron common stock.

Summary

• On March 4, 2024, Marillyn A. Hewson, a director of Chevron Corp, acquired 262 shares of phantom stock.
• These shares were issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.
• The phantom stock is convertible to common stock upon termination of service.
• The price of the phantom stock was $148.88 per share.
• Following the transaction, Hewson beneficially owns 3,495 derivative securities, which includes dividend equivalent accruals of 31 shares.
• The reporting person has direct ownership of the derivative securities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction related to director compensation. There is no indication of positive or negative sentiment.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to director compensation and equity ownership, common in publicly traded companies like Chevron.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and equity ownership.

Key Dates