Form 4: Chevron Executive Jeff B. Gustavson Reports Stock Transactions

Chevron's Vice President, Jeff B. Gustavson, reports the vesting and disposal of restricted stock units and common stock, resulting in adjustments to his beneficial ownership.

Summary

• On February 10, 2025, Jeff B. Gustavson, a Vice President at Chevron Corp, reported transactions involving Chevron's common stock and restricted stock units.
• 924 restricted stock units vested, which were granted on February 6, 2024, under the Chevron Corporation 2022 Long-Term Incentive Plan.
• These units are the economic equivalent of 924 shares of Chevron common stock.
• Mr. Gustavson disposed of 924 shares of common stock to cover tax obligations at a price of $155.77 per share.
• Following these transactions, Mr. Gustavson directly owns 1,617 shares of common stock and 1,853 restricted stock units, which includes dividend accruals of 117 shares.
• He also indirectly owns shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.

Future Outlook

The remaining restricted stock units will vest in two tranches on February 10, 2026, and February 10, 2027.

Industry Context

Executive stock transactions are a routine part of corporate governance and compensation practices in publicly traded companies like Chevron. These filings provide transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors, as they relate to executive compensation and tax obligations.

Key Dates

Keywords

Chevron, Jeff B. Gustavson, Stock Transactions, Restricted Stock Units, Beneficial Ownership, Form 4, CVX