Knowles Alana K 4

What Happened

• Alana Knowles, Controller at Chevron (CVX), had restricted stock units (RSUs) vest and converted to common shares on February 10, 2026. The filing shows acquisition entries for 882 and 930 shares (exercise/conversion of derivatives) at $0.00 (typical for RSU vesting).
• To cover tax withholding, 417 and 462 shares were disposed at $182.26 per share, generating $76,002 and $84,204 respectively — a combined withholding value of $160,206. The net effect: RSU settlement with shares withheld to satisfy tax obligations (routine, not an open-market sale).

Key Details

• Transaction date: February 10, 2026. Filing date: February 12, 2026 (filed timely).
• Withholding disposals: 417 shares @ $182.26 = $76,002; 462 shares @ $182.26 = $84,204; total withheld = 879 shares / $160,206.
• Acquisitions (RSU settlement): 882 shares and 930 shares recorded as exercised/converted at $0.00 (RSUs vesting into shares).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: RSUs are economic equivalents to Chevron common stock (F1). Vesting relates to awards granted Feb 6, 2024 and Feb 4, 2025 with dividend equivalents included (additional 121 shares noted). The filing also notes 18 shares acquired under the Chevron 401(k) between Feb 5–10, 2026 and rounding of fractional shares.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement), F = payment of exercise price or tax liability (shares withheld for taxes).

Context

• This is a routine RSU vesting event with shares withheld to satisfy tax withholding — a common administrative transaction that does not necessarily indicate insider buying or selling for investment reasons.
• The reporting shows settlement and withholding rather than an open-market sale; purchases are limited to small 401(k) contributions (18 shares).