A statement of changes in beneficial ownership was filed on September 1, 2026, disclosing that Marillyn A. Hewson, a director of Chevron Corp (NYSE:CVX), acquired 213 shares of phantom stock on August 28, 2026, under the company's Non-Employee Directors' Equity Compensation and Deferral Plan.

Key Highlights

  • Reporting person: Marillyn A. Hewson, identified as a Director of Chevron Corp.
  • Transaction date: August 28, 2026, with the filing submitted September 1, 2026.
  • Phantom stock acquired: 213 shares of phantom stock at a price of $201.86, held indirectly.
  • Post-transaction holding: 6,400 shares of phantom stock beneficially owned following the reported transaction, held directly.
  • Dividend equivalents included: The 6,400 total includes 56 shares from dividend equivalent accruals under the plan.
  • Settlement terms: According to the filing, phantom stock "become payable in common stock upon the reporting person's termination of service."

Hewson's Phantom Stock Award Under Chevron's Director Compensation Plan

According to the filing, the 213 phantom stock units were acquired on August 28, 2026, under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan, a program through which Chevron Corp compensates its non-employee board members with equity-linked awards. The phantom stock carries a 1-for-1 conversion ratio to common stock, but the shares are not immediately issued. Instead, as disclosed, they "become payable in common stock upon the reporting person's termination of service." The transaction was recorded with an indirect ownership form at a price of $201.86 per share.

The filing shows that following this transaction, Hewson holds 6,400 shares of phantom stock with direct beneficial ownership. The filing notes that this total includes 56 shares attributable to dividend equivalent accruals under the same Non-Employee Directors' Equity Compensation and Deferral Plan. No non-derivative securities transactions were reported in Table I of the filing. The statement was signed by Rose Z. Pierson as Attorney-in-Fact for Marillyn A. Hewson on September 1, 2026. Chevron Corp, a multinational integrated energy company, trades on the New York Stock Exchange under the symbol CVX.

What Was Disclosed

The filing reported that Chevron director Marillyn A. Hewson acquired 213 phantom stock units on August 28, 2026, at $201.86 per share under the company's Non-Employee Directors' Equity Compensation and Deferral Plan, bringing her total beneficial ownership in that security to 6,400 units, including 56 dividend equivalent accruals.