secwatch.observer — SEC 8-K summary
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Issuer:     CHEVRON CORP (CVX)
CIK:        0000093410
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0000093410-24-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chevron increases CEO Wirth's base salary to $1.9M, awards $17.5M equity for 2024
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- CEO Wirth base salary raised $50K to $1.9M; CFO Breber unchanged at $1.15M in anticipation of retirement.
- No change to 2024 target bonus %: Wirth 165%, Breber 110%, Nelson 120%, Pate 110%.
- Equity grant targets: Wirth $17.5M, Nelson $5.5935M, Pate $4.2861M; Breber excluded.
- Awards split 50% performance shares, 25% RSUs, 25% stock options; grant date Feb 6, 2024.
- New forms of award agreements approved under the 2022 LTIP for executive officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93410/000009341024000007/0000093410-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93410/000009341024000007/cvx-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000093410-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer