$CVX · Chevron Corporation
Chevron Corporation filed a Form 4 disclosing transactions by R. Hewitt Pate, the company’s Chief Legal Officer. On October 19 and 20, 2026, Pate exercised non-qualified stock options to acquire a total of 43,100 shares of Chevron common stock at an exercise price of $132.69 per share. He then sold all of those shares on the same dates, with 2,400 shares sold at a weighted-average price of $225.6108 and 40,700 shares sold at a weighted-average price of $226.653.
The filing states that the sales were made under a Rule 10b5-1 trading plan adopted by Pate on November 26, 2025. Following the reported transactions, Pate directly held 8,791 shares of common stock. He also reported indirect holdings of 9,745 shares through a 401(k) plan, 20 shares through the Pate Family Trust, and 10,794 shares through a spouse’s trust, while disclaiming beneficial ownership of the spouse trust shares.
After the exercises, Pate held no remaining non-qualified stock options from the January 26, 2022 grant reported in this filing.