Chevron Director Marillyn A. Hewson Acquires Phantom Stock Under Deferral Plan
CHEVRON CORP
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Filing Summary
📊 Form 4 Filing: Chevron Corp ($CVX) Insider: Marillyn A. Hewson (Director) Transaction: Acquired 213 Phantom Stock units at $201.86/share (~$43.0K total) Date: August 28, 2026 Post-Transaction Holdings: 6,400 Phantom Stock units Significance: Low (Routine Director Equity Deferral Plan)
Comprehensive Analysis
Executive Summary
On September 1, 2026, Chevron Corp ($CVX) filed a Form 4 disclosing that Director Marillyn A. Hewson acquired 213 units of Phantom Stock on August 28, 2026, at an effective price of $201.86 per share, representing a total transaction value of approximately $42,996.18.
Transaction Analysis
- Plan Mechanism: The transaction was coded as
I(discretionary transaction / plan deferral) under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan. - Settlement Terms: Phantom stock converts 1-for-1 into Chevron common stock payable upon termination of board service.
- Holdings Update: Following the acquisition and including 56 dividend equivalent accruals, Ms. Hewson directly holds 6,400 phantom stock units.
Market Impact & Significance
This is a standard director compensation and fee deferral transaction. It reflects normal board governance and compensation processes rather than an open-market speculative trade, carrying low standalone signaling significance for investors.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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