Knowles Alana K 4

What Happened

• Alana K. Knowles, Controller of Chevron Corporation, had restricted stock units (RSUs) convert to shares on January 31, 2026. The filing shows conversion of 2,919 and 507 RSUs into common shares (total 3,426 shares).
• Of those, 2,919 shares were disposed to the issuer at $176.90 per share for $516,371, and 240 shares were surrendered/withheld to cover tax liabilities at $176.90 per share for $42,456. Combined value of disposed/withheld shares is about $558,827.
• The filing also reports a new grant of 4,760 RSUs on February 1, 2026 (these are awards that vest in future years).

Key Details

• Transaction dates and prices:
  • Jan 31, 2026: RSU conversions (2,919 and 507 shares). Disposition of 2,919 shares at $176.90 ($516,371). Tax withholding of 240 shares at $176.90 ($42,456).
  • Feb 1, 2026: Grant of 4,760 RSUs (no cash paid).
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes:
  • These are restricted stock units (each RSU equals one common share) that accrue dividend equivalents as additional RSUs and are settled in shares or cash on vesting.
  • Some RSUs vested and were settled on January 31, 2026; the Feb 1, 2026 grant vests in future years per the plan schedule.
• Filing timeliness: Filing date Feb 3, 2026; the report does not flag a late filing.

Context

• This appears to be a routine RSU vesting and settlement, with shares surrendered/sold to cover tax obligations (a common "cashless" net settlement). The transactions reflect award settlement and tax withholding rather than a discretionary open-market sale for investment purposes.
• For retail investors: RSU vesting and related withholding are administrative and do not necessarily indicate an insider change in view on the company.