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: Wirth Michael K (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-17	Common Stock	M	1628	—	Acquired	1628	Direct
2020-12-17	Common Stock	F	1628	$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	1628	Disposed		Common Stock (1628)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15175	Indirect
Common Stock	17784	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 January 7, 2020 and December 17, 2020, the reporting person acquired 857 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F3: The reporting person owns only a 1% general partnership interest in the limited partnership. The remaining limited partnership interests are owned equally by four separate trusts for the benefit of each of the reporting person's children. The reporting person disclaims beneficial ownership of the shares held by the limited partnership except to the extent of his pecuniary interest therein.

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 (3,390 shares).