Austin Wanda M 4

What Happened

• Wanda M. Austin, a director of Chevron Corporation (CVX), was issued 1,272 stock units on 2026-05-27 as an award under the Chevron Non‑Employee Directors' Equity Compensation and Deferral Plan. The units were granted at $0.00 per share (a compensatory award), so no cash was exchanged.

Key Details

• Transaction date: 2026-05-27; Form 4 filed: 2026-05-29 (appears timely).
• Grant: 1,272 stock units; reported price: $0.00; reported dollar value: $0.
• Footnotes: F1 — units issued under the Non‑Employee Directors' Equity Compensation and Deferral Plan. F2 — the 1,272 includes 72 dividend-equivalent accruals on stock units. F3 — reported holdings include 1,544 shares previously directly owned that are now indirectly owned by the Austin Family Trust.
• Reported ownership after transaction: the filing reflects the 1,272 awarded units plus 1,544 previously held shares (now indirectly held), implying 2,816 shares reported after the grant.

Context

• This was a routine director compensation award (stock units), not an open-market purchase or sale. Such grants are a standard part of non-employee director pay and do not, by themselves, indicate the director is buying or selling stock for investment reasons. Exhibit 24 (Power of Attorney) was attached to the filing.