Cynthia J. Warner, a director of Chevron Corp, filed a Form 4 on September 1, 2026, disclosing a phantom stock transaction dated August 28, 2026, under the Chevron Non-Employee Directors' Equity Compensation and Deferral Plan.

Key Highlights

  • Reporting person: Cynthia J. Warner, identified as a Director of Chevron Corp (NYSE:CVX).
  • Transaction date: August 28, 2026, involving 19 shares of phantom stock acquired indirectly at a price of $201.86.
  • Underlying security: Phantom stock converts on a 1-for-1 basis into common stock upon the reporting person's termination of service.
  • Post-transaction holdings: Warner beneficially owned 426 derivative securities (phantom stock units) following the reported transaction, held directly.
  • Dividend equivalents: The filing notes that the 426 total includes dividend equivalent accruals under the plan.
  • Signatory: The form was signed by Rose Z. Pierson as Attorney-in-Fact for Cynthia J. Warner on September 1, 2026.

Chevron Director Phantom Stock Acquisition Under Non-Employee Directors' Plan

According to the filing, Cynthia J. Warner, a Director of Chevron Corp, reported the acquisition of 19 shares of phantom stock on August 28, 2026, under Chevron's Non-Employee Directors' Equity Compensation and Deferral Plan. The transaction is listed in Table II of the Form 4, covering derivative securities, and is recorded as an indirect holding. The price associated with the transaction is listed as $201.86.

The filing explains that the phantom stock units are convertible to common stock on a 1-for-1 basis and "become payable in common stock upon the reporting person's termination of service," as stated in the explanation of responses. Following the reported transaction, Warner's total beneficial ownership of phantom stock units stands at 426, held directly. The filing further notes that this figure "includes dividend equivalent accruals" under the same plan.

No transactions in Table I (non-derivative securities) were reported. The form was filed by one reporting person and was signed by Rose Z. Pierson as Attorney-in-Fact for Cynthia J. Warner on September 1, 2026. No amendment date was listed, indicating this is an original filing.

What Was Disclosed

The filing discloses a director-level acquisition of 19 phantom stock units in Chevron Corp on August 28, 2026, at $201.86, bringing total phantom stock holdings to 426 units, inclusive of dividend equivalent accruals, under the Non-Employee Directors' Equity Compensation and Deferral Plan.