Form 4: Chevron Executive Jeff B. Gustavson Reports Stock Transactions
SEC Form 4 Filing
Chevron's Vice President, Jeff B. Gustavson, reports the vesting and disposition of restricted stock units and related transactions.
Summary
- Jeff B. Gustavson, a Vice President at Chevron, filed a Form 4 detailing changes in his beneficial ownership of Chevron stock.
- On January 31, 2025, Gustavson vested 2,382 restricted stock units (RSUs) which were converted into common stock.
- He also vested 802 restricted stock units granted on January 25, 2023, under the Chevron Corporation 2022 Long-Term Incentive Plan.
- Gustavson disposed of 2,382 shares of common stock at a price of $149.19.
- 237 shares were disposed of to cover tax obligations at a price of $149.19.
- Following these transactions, Gustavson directly owns 1,057 shares of Chevron common stock and indirectly owns 3 shares through a 401(k) plan.
- He also holds 802 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/25/2023 | Restricted stock units granted under the Chevron Corporation 2022 Long-Term Incentive Plan. |
| 01/31/2024 | One-third of the shares subject to the award vested. |
| 01/31/2025 | Date of the reported transactions, including vesting of RSUs and disposition of shares. |
| 01/31/2026 | One-third of the shares subject to the award will vest. |
| 02/04/2025 | Date of signature of the Form 4 filing. |
Keywords
Form 4, Chevron, Stock, Restricted Stock Units, Beneficial Ownership, Gustavson, CVX
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.