CHEVRON CORP 4

Chevron CEO Michael K. Wirth exercised 317,100 stock options at $88.20 and sold 317,100 Chevron common shares around $200–$201 per share on August 14, 2026 in a same-day exercise-and-sale transaction.

On August 14, 2026, Chevron Chairman and CEO Michael K. Wirth exercised a non-qualified stock option to acquire 317,100 shares of Chevron common stock at $88.20 per share and, on the same day, sold a total of 317,100 shares in two open-market transactions at weighted average prices of $200.4433 and $201.0534 per share, respectively. The option exercise (a “M” code) increased his directly held common stock to 343,408 shares before sales, after which his direct ownership declined to 26,308 shares, with additional indirect holdings of 17,784 shares held via a limited partnership (of which he owns only a 1% general partnership interest), 19,036 shares in a 401(k) plan, and 51 shares held by the Wirth Family Trust. The transaction structure and timing indicate a classic same-day exercise-and-sale designed to monetize vested options rather than a discretionary open-market sale of previously held stock. Using the reported prices, the option exercise involved about $27.96 million in strike-cost outlay and generated gross sale proceeds of roughly $63.93 million, implying about $35–36 million of pre-tax intrinsic value realized, while his remaining directly held shares are worth approximately $5.4 million at the reference price, and his total reported direct and indirect common stock holdings are worth roughly $12.7 million.

Filing Facts

CIK

93410

Ticker

CVX

Form

4

Source Type

sec

Accession

0000093410-26-000173

Alert Tier

6