Booth Thomas Ryder 4

What Happened

• Booth Thomas Ryder, Chevron’s Chief Technology & Engineering Officer, had restricted stock units (RSUs) convert to 3,610 shares on Jan 31, 2026. Of those, 2,941 shares were disposed back to the issuer at $176.90 each for $520,263 and 199 shares were withheld to cover taxes (199 x $176.90 = $35,203). After the sale and tax withholding, 470 shares from this vesting remained with the insider (470 x $176.90 ≈ $83,143).
• On Feb 1, 2026 a new RSU award of 4,760 shares was reported (grant/award), subject to future vesting and restrictions.

Key Details

• Transaction dates: Vest/convert and sales reported 2026-01-31; new grant reported 2026-02-01. Filing date: 2026-02-03.
• Prices and values: Disposed 2,941 shares @ $176.90 = $520,263; tax withholding 199 shares @ $176.90 = $35,203. Implied total value of the 3,610 vested shares ≈ $638,609.
• Shares retained from this vesting: 470 shares (≈ $83,143 at $176.90).
• Footnotes: RSUs are economic equivalents of one share (F1). Some RSUs accrued dividend equivalents (22 shares included) (F2, F3). The vested/settled RSUs were from prior grants (see F4). The Feb 1, 2026 award (4,760 RSUs) vests one‑third on Feb 1 of 2027–2029 and includes a two‑year post‑vesting holding period (F5).
• Tax/treatment codes: M = conversion/exercise of derivative (RSU settlement), D = disposition to issuer (sale), F = payment of tax liability via share withholding. There is no indication in the provided excerpt that the filing was late.

Context

• This was a routine RSU vesting and settlement: the RSUs converted into shares, a portion was sold/returned to the issuer and some shares were withheld to cover taxes. That pattern is common for executives when awards vest and does not by itself indicate a change in sentiment.
• The filing also shows a new RSU grant that will vest in future years and carry a post‑vesting holding restriction, which is typical for long-term incentive awards.