WARNER CYNTHIA J 4
4 · CHEVRON CORP · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Chevron Director Cynthia J. Warner Acquires 20 Shares (Derivative)
What Happened
Cynthia J. Warner, a Chevron (CVX) director, acquired 20 derivative (phantom) shares on 2026-06-01 at $185.83 per share, for a total value of about $3,717. The filing lists this as a discretionary transaction (code I) and reports the units as derivative awards rather than an open‑market purchase.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-03. No late filing is indicated in the report.
- Price: $185.83 per share; total consideration ~$3,717.
- Shares acquired: 20 (derivative/phantom stock units).
- Shares owned after transaction: not specified in the filing.
- Footnotes: (F1) Phantom stock issued under the Non‑Employee Directors' Equity Compensation & Deferral Plan becomes payable in common stock upon termination of service. (F2) Conversion is 1-for-1. (F3) Number includes 4 dividend equivalent accruals under the plan.
- Transaction type: derivative award (not an open‑market buy or sale).
Context
This was an award/settlement of phantom stock units tied to Chevron's non‑employee director compensation plan; such units typically convert to common shares (1-for-1) when the director leaves service and may include dividend equivalents. The dollar amount is small and consistent with routine director compensation rather than a market-driven investment decision.
Insider Transaction Report
- Discretionary Transaction
Phantom Stock
[F1][F2][F3]2026-06-01$185.83/sh+20$3,717→ 403 total→ Common Stock (20 underlying)
Footnotes (3)
- [F1]The shares of phantom stock issued under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan become payable in common stock upon the reporting person's termination of service.
- [F2]1-for-1.
- [F3]This number includes dividend equivalent accruals (4) under the Chevron Non-Employee Directors' Equity Compensation Plan.