Form 4: Chevron VP Jeff B. Gustavson Executes Stock Option and Sells Shares
SEC Form 4 Filing
Chevron's Vice President, Jeff B. Gustavson, exercised stock options and sold shares on May 21, 2024, according to a Form 4 filing with the SEC.
Summary
- Jeff B. Gustavson, a Vice President at Chevron Corp, executed a transaction involving Chevron's common stock on May 21, 2024.
- He exercised non-qualified stock options to acquire 3,750 shares at a price of $103.71 per share.
- Simultaneously, he sold 3,750 shares at a price of $160.234 per share.
- Following these transactions, Gustavson directly owns 477 shares of Chevron common stock and indirectly owns shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't convey any particular positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within Chevron or the oil and gas industry.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it represents a personal financial decision by an executive.
Key Dates
| Date | Description |
|---|---|
| 01/28/2015 | Date the option was granted. |
| 05/21/2024 | Date of the stock option exercise and sale of shares. |
| 05/23/2024 | Date of the Form 4 filing. |
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.