Mark A. Nelson - Dec 17, 2021 Form 4 Insider Report for CHEVRON CORP (CVX)

Role: Executive Vice President
Signature: /s/ Rose Z. Pierson, Attorney-in-Fact for Mark A. Nelson
Stock symbol: CVX
Transactions as of: Dec 17, 2021
Transactions value $: -$39,760
Form type: 4
Date filed: 12/21/2021, 07:37 PM
Next filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVX	Common Stock	Options Exercise	$0	+350	+44.76%	$0.00	1.13K	Dec 17, 2021	Direct	F1
transaction	CVX	Common Stock	Tax liability	-$39.8K	-350	-30.92%	$113.60	782	Dec 17, 2021	Direct	F2
holding	CVX	Common Stock						15.9K	Dec 17, 2021	by 401(k) plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CVX	Restricted Stock Units	Options Exercise	$0	-350	-3.47%	$0.00	9.75K	Dec 17, 2021	Common Stock	350	$0.00	Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This number includes dividend accruals (36 shares).
F2	Reflects withholding of shares to cover required tax obligations under the terms of the award agreement due to the reporting person's age and years of service.
F3	Between December 18, 2020 and December 17, 2021, the reporting person acquired 835 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
F4	Restricted stock units granted on January 29, 2020 under the Chevron Corporation Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash upon vesting on January 31, 2025.
F5	This number includes dividend equivalents (1,026 shares).

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney