CHEVRON CORP — Director's Dealing 2020

Dec 22, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2020-12-17

Reporting Person: Pate R. Hewitt (VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-17	Common Stock	M	124	—	Acquired	124	Direct
2020-12-17	Common Stock	F	124	$88.41	Disposed	0	Direct
2020-12-17	Common Stock	M	59	—	Acquired	59	Direct
2020-12-17	Common Stock	F	59	$88.41	Disposed	0	Direct
2020-12-17	Common Stock	M	65	—	Acquired	65	Direct
2020-12-17	Common Stock	F	65	$88.41	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-17	Restricted Stock Units	$0	M	124	Disposed		Common Stock (124)	Direct
2020-12-17	Restricted Stock Units	$0	M	59	Disposed		Common Stock (59)	Direct
2020-12-17	Restricted Stock Units	$0	M	65	Disposed		Common Stock (65)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5690	Indirect
Common Stock	12602	Indirect
Common Stock	4532	Indirect

Footnotes

F1: 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.

F2: Between June 3, 2020 and December 17, 2020, the reporting person acquired 238 shares of Chevron common stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: The reporting person disclaims beneficial ownership of the shares held by his spouse's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of the shares held by his spouse's trust for purposes of Section 16 or for any other purpose.

F4: Restricted stock units granted on January 30, 2019 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, 2024.

F5: This number includes dividend equivalents (675 shares).

F6: Restricted stock units granted on January 31, 2018 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, 2023.

F7: Between December 18, 2019 and December 17, 2020, the reporting person acquired dividend equivalents (371 shares).

F8: Restricted stock units granted on January 25, 2017 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, 2022.

F9: Between December 18, 2019 and December 17, 2020, the reporting person acquired dividend equivalents (405 shares).