Form 4: Chevron Executive Andrew Nigel Hearne Reports Stock Transactions
SEC Form 4
EVP, Sr. Advisor Andrew Nigel Hearne reports the vesting and disposal of Chevron stock and restricted stock units.
Summary
- Andrew Nigel Hearne, an EVP and Sr. Advisor at Chevron, filed a Form 4 detailing changes in beneficial ownership.
- On February 10, 2025, Hearne vested 3,194 restricted stock units (RSUs) which converted into common stock.
- Hearne disposed of 1,623 shares of common stock at a price of $155.77.
- Following these transactions, Hearne directly owns 4,365 shares of common stock.
- Hearne also indirectly owns 1,368 shares through a 401(k) plan and 1,274 shares through the Hearne Family Trust.
- Hearne directly owns 6,389 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
One-third of the remaining restricted stock units will vest on February 10, 2026, and another third on February 10, 2027.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies like Chevron.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| February 6, 2024 | Restricted stock units granted under the Chevron Corporation 2022 Long-Term Incentive Plan. |
| February 10, 2025 | Date of earliest transaction; vesting of restricted stock units and disposal of shares. |
| February 10, 2026 | One-third of the shares subject to the award will vest. |
| February 10, 2027 | One-third of the shares subject to the award will vest. |
| February 12, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Chevron, Hearne, Stock, Restricted Stock Units, Beneficial Ownership, CVX
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