Sec Form 3 Filing - Krishnamurthy Balaji @ CHEVRON CORP - 2024-01-01

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Krishnamurthy Balaji
2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Vice President
(Last) (First) (Middle)
6001 BOLLINGER CANYON ROAD
3. Date of Earliest Transaction (MM/DD/YY)
01/01/2024
(Street)
SAN RAMON, CA94583
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1,392 ( 1 ) D
Common Stock 2,333 ( 2 ) I by 401(k) plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy) $ 117.24 ( 3 ) 01/25/2027 Common Stock 2,200 D
Non-Qualified Stock Option (Right to Buy) $ 125.35 ( 4 ) 01/31/2028 Common Stock 3,100 D
Non-Qualified Stock Option (Right to Buy) $ 113.01 ( 5 ) 01/30/2029 Common Stock 3,600 D
Non-Qualified Stock Option (Right to Buy) $ 110.37 ( 6 ) 01/29/2030 Common Stock 7,500 D
Non-Qualified Stock Option (Right to Buy) $ 88.2 ( 7 ) 01/27/2031 Common Stock 8,000 D
Non-Qualified Stock Option (Right to Buy) $ 132.69 ( 8 ) 01/26/2032 Common Stock 6,900 D
Non-Qualified Stock Option (Right to Buy) $ 179.08 ( 9 ) 01/25/2033 Common Stock 5,200 D
Phantom Stock Units ( 10 ) ( 10 ) ( 10 ) Common Stock 348 I Excess Benefit Plan
Restricted Stock Units ( 11 ) ( 11 ) ( 11 ) Common Stock 634 D
Restricted Stock Units ( 12 ) ( 12 ) ( 12 ) Common Stock 1,052 D
Restricted Stock Units ( 13 ) ( 13 ) ( 13 ) Common Stock 1,252 D
Restricted Stock Units ( 14 ) ( 14 ) ( 14 ) Common Stock 1,310 D
Restricted Stock Units ( 15 ) ( 15 ) ( 15 ) Common Stock 1,997 D
Restricted Stock Units ( 16 ) ( 16 ) ( 16 ) Common Stock 2,095 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Krishnamurthy Balaji
6001 BOLLINGER CANYON ROAD
SAN RAMON, CA94583
Vice President
Signatures
/s/ Rose Z. Pierson, Attorney-in-Fact for Balaji Krishnamurthy 01/05/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted stock units granted on January 25, 2023 under the Chevron Corporation 2022 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. One-third of the shares vest on January 31, 2024, January 31, 2025 and January 31, 2026, respectively, and will settle in shares of Chevron common stock on the date of vesting.
( 2 )This number represents the reporting person's shares of Chevron Corporation common stock under the Chevron Corporation Employee Savings and Investment Plan, a 401(k) plan.
( 3 )Option granted 1/25/2017. One-third of the shares subject to the option vested January 31, 2018, January 31, 2019 and January 31, 2020, respectively.
( 4 )Option granted 1/31/2018. One-third of the shares subject to the option vested on January 31, 2019, January 31, 2020 and January 31, 2021, respectively.
( 5 )Option granted 1/30/2019. One-third of the shares subject to the option vested on January 31, 2020, January 31, 2021 and January 31, 2022, respectively.
( 6 )Option granted 1/29/2020. One-third of the shares subject to the option vested on January 31, 2021, January 31, 2022 and January 31, 2023, respectively.
( 7 )Option granted 1/27/2021. One-third of the shares subject to the option vested on January 31, 2022, and one-third vested on January 31, 2023. The balance of the shares vest on January 31, 2024.
( 8 )Option granted 1/26/2022. One-third of the shares subject to the option vested on January 31, 2023, and one-third of the shares will vest on January 31, 2024 and January 31, 2025, respectively.
( 9 )Option granted 1/25/2023. One-third of the shares subject to the option vest on January 31, 2024, January 31, 2025 and January 31, 2026, respectively.
( 10 )Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units, which are issued under the Chevron ESIP-RP, are payable in cash upon the reporting person's retirement or other termination of service.
( 11 )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.
( 12 )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.
( 13 )Restricted stock units granted on January 27, 2021 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, 2026.
( 14 )Restricted Stock Units granted January 26, 2022 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, 2027.
( 15 )Restricted Stock Units granted January 27, 2021 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.
( 16 )Restricted stock units granted on January 26, 2022 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.

Remarks:
Exhibit List: Exhibit 24 - Power of Attorney

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.