Form 4: Chevron Vice Chairman Mark Nelson Reports Stock Transactions

Mark Nelson, Vice Chairman of Chevron, reports the vesting and disposal of restricted stock units and acquisition of shares through a 401(k) plan.

Summary

• On February 10, 2025, Mark Nelson, Vice Chairman of Chevron, reported transactions involving Chevron common stock.
• Nelson disposed of 3,194 shares of common stock upon the vesting of restricted stock units.
• He also disposed of 1,533 shares to cover tax obligations at a price of $155.77 per share.
• Nelson acquired 9 shares of Chevron common stock through the Chevron Employee Savings Investment Plan (401(k)) between February 1, 2025, and February 10, 2025.
• Following these transactions, Nelson directly owns 5,272 shares of Chevron common stock and indirectly owns 18,021 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Future Outlook

One-third of the shares subject to the restricted stock unit award will vest on February 10, 2026, and another third on February 10, 2027.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of Chevron's top executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies like Chevron, ensuring compliance with SEC regulations regarding insider trading.
• Similar filings are made by executives at comparable companies such as ExxonMobil (XOM) and Shell (SHEL) when they engage in transactions involving their company's stock.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders due to the change in ownership of Chevron stock.
• The vesting of restricted stock units is part of Chevron's compensation plan for its executives, potentially impacting employee morale.

Key Dates

Keywords

Chevron, Mark Nelson, stock, Form 4, restricted stock units, 401(k), insider trading