Form 4: Chevron Officer Reports Routine Stock Transactions

Chevron's Chief Technology & Engineering Officer, Thomas Ryder Booth, reported recent stock acquisitions from RSU vesting and subsequent sales for tax withholding and a minor direct sale.

Summary

• Thomas Ryder Booth, Chief Technology & Engineering Officer of Chevron Corp (CVX), reported multiple transactions involving common stock and restricted stock units (RSUs).
• On February 10, 2026, Booth acquired 714 shares of common stock and 748 shares of common stock (including 74 dividend equivalents) through the vesting and settlement of Restricted Stock Units (RSUs) at a price of $0.
• Concurrently, Booth disposed of 158 shares and 183 shares of common stock at a price of $182.26 per share, primarily to cover tax withholding obligations related to the RSU vesting.
• On February 11, 2026, Booth sold 5 shares of common stock at a price of $184.77.
• All reported transactions were made pursuant to a Rule 10b5-1(c) pre-arranged plan.
• Following these transactions, Booth directly owns 1,598 shares of common stock and indirectly owns 3,175 shares through a 401(k) plan.
• Booth also holds 771 Restricted Stock Units from a February 6, 2024 grant, vesting on February 10, 2027, and 1,499 Restricted Stock Units from a February 4, 2025 grant, vesting on February 10, 2027, and February 10, 2028.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting routine executive compensation events and associated tax-related sales, with no significant discretionary trading activity that would alter an investment thesis.

Positives

• The vesting of Restricted Stock Units represents a realization of executive compensation, indicating continued alignment of management interests with shareholder value.
• Transactions were conducted under a Rule 10b5-1 plan, suggesting pre-scheduled, non-discretionary activity rather than opportunistic trading.

Negatives

• The disposition of shares, even for tax purposes, reduces the officer's direct beneficial ownership of Chevron common stock.
• A small direct sale of 5 shares occurred on February 11, 2026, reducing direct holdings.

Future Outlook

Remaining Restricted Stock Units are scheduled to vest on February 10, 2027, and February 10, 2028, indicating future share issuances to the officer.

Industry Context

StockSavvy.ai notes that routine insider transactions, particularly those executed under a Rule 10b5-1 plan, are a standard component of executive compensation and tax planning in the energy sector. These types of filings are common and generally do not signal a change in company strategy or performance.

Comparison to Industry Standards

• NA Individual insider transactions are not typically benchmarked against industry standards in this manner.

Related Party Transactions

• Thomas Ryder Booth, Chief Technology & Engineering Officer, engaged in transactions involving Chevron Corp stock, which are considered related party transactions due to his executive position.

Stakeholder Impact

• Minimal direct impact on shareholders as these are routine, pre-scheduled executive compensation and tax-related transactions, not indicative of a change in company fundamentals or executive sentiment.

Next Steps

• Future vesting of 771 Restricted Stock Units on February 10, 2027.
• Future vesting of 1,499 Restricted Stock Units on February 10, 2027, and February 10, 2028.

Key Dates

Recommendation

The filing details routine, pre-scheduled transactions by an executive, primarily involving the vesting of restricted stock units and subsequent sales to cover tax obligations. There is no indication of discretionary selling that would suggest a change in the executive's outlook on the company. Therefore, it does not provide new information to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Chevron, CVX, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, 10b5-1 Plan, Thomas Ryder Booth, Chief Technology & Engineering Officer