HESS JOHN B 4
4 · CHEVRON CORP · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
Chevron (CVX) Director John B. Hess Sells 195,000 Shares
What Happened
John B. Hess, a director of Chevron Corporation (CVX), sold a total of 195,000 CVX shares in open-market transactions on May 6, 2026. The sales were reported in three blocks: 28,031 shares at a weighted-average price of $183.90 ($5.15M), 88,921 shares at $184.67 ($16.42M), and 78,048 shares at $185.21 ($14.46M), for combined gross proceeds of about $36.03 million. These were sales (S) — a disposition of shares rather than a purchase or option exercise.
Key Details
- Transaction date: 2026-05-06; Form 4 filed 2026-05-08 (timely within usual 2-business-day reporting window).
- Total shares sold: 195,000; total proceeds ≈ $36,031,524.
- Reported weighted-average prices by block: $183.90, $184.67, $185.21. The filing notes the shares were sold in multiple transactions across price ranges roughly $183.14 to $185.60.
- Holdings structure: many shares are held in trusts, limited partnerships, or LLCs of which Hess is beneficiary/partner/manager (see footnotes F2, F6–F9).
- Dividend-equivalent accruals: filing notes 26 stock units from dividend equivalents were acquired under the non-employee directors’ plan (footnote F5).
- Exhibit included: Exhibit 24 (Power of Attorney). No 10b5‑1 plan or late filing was indicated in this report.
Context
Sales by directors are common and can reflect portfolio rebalancing, tax planning, or diversification; they do not by themselves indicate company performance. This filing documents outright open-market sales (code S), not option exercises, gifts, or awards.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-06$183.90/sh−28,031$5,154,985→ 825,014 total(indirect: By Trust) - Sale
Common Stock
[F3][F2]2026-05-06$184.67/sh−88,921$16,421,050→ 736,093 total(indirect: By Trust) - Sale
Common Stock
[F4][F2]2026-05-06$185.21/sh−78,048$14,455,489→ 658,045 total(indirect: By Trust)
- 355,525
Common Stock
[F5] - 7,244,497(indirect: By Partnership)
Common Stock
[F6] - 29,471(indirect: By LLC)
Common Stock
[F7] - 307,500(indirect: By LLC)
Common Stock
[F8] - 7,286(indirect: By Trust)
Common Stock
[F9]
Footnotes (9)
- [F1]These shares were sold in multiple transactions at prices ranging from $183.14 to $184.1375, inclusive. The price reported in Column 4 reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3) through (4) to this Form 4.
- [F2]Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.
- [F3]These shares were sold in multiple transactions at prices ranging from $184.14 to $185.1399, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- [F4]These shares were sold in multiple transactions at prices ranging from $185.14 to $185.60, inclusive. The price reported in Column 4 reflects the weighted average sale price.
- [F5]This number includes the acquisition of dividend equivalent accruals on stock units (26) issued under the Chevron Corporation Non-Employee Directors' Equity Compensation and Deferral Plan.
- [F6]Shares are held by a limited partnership of which the reporting person is a limited partner and serves on the management committee of the general partner of the limited partnership.
- [F7]Shares are held by a limited liability company of which the reporting person is a member and is a general partner and manager of a limited partnership that is the manager of the limited liability company.
- [F8]Shares are held by a limited liability company of which the reporting person and the reporting person's son are the sole members, and the reporting person is the manager.
- [F9]Shares are held by a trust established for the benefit of the reporting person and of which the reporting person is a beneficiary.