HERNANDEZ ENRIQUE JR 4

What Happened
Enrique Hernandez Jr, a non-employee director of Chevron Corporation (CVX), was granted 1,272 stock units on 2026-05-27 under Chevron’s Non‑Employee Directors' Equity Compensation and Deferral Plan. The reported acquisition price is $0.00 (total reported value $0) — this is an equity award (transaction code A), part of director compensation rather than an open‑market purchase.

Key Details

• Transaction date: 2026-05-27; Form 4 filed 2026-05-29 (appears timely, typical 2‑day reporting window).
• Transaction type/code: Award/Grant (A).
• Shares/units acquired: 1,272 stock units at $0.00 per unit (total $0 reported).
• Footnote F1: These are stock units issued under the Chevron Non‑Employee Directors' Equity Compensation and Deferral Plan.
• Footnote F2: The filing notes inclusion of dividend-equivalent accruals on stock units (reference to 1,406 dividend-equivalent accruals issued under the plan).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Exhibit: Exhibit 24 – Power of Attorney listed on the filing.

Context
Stock units granted to non‑employee directors are typically part of routine compensation and often convert to shares (or cash) according to plan terms and vesting schedules; they do not necessarily indicate buying/selling sentiment. This filing documents an award rather than a purchase or sale, and the director did not pay cash for these units at grant.