secwatch.observer — SEC 8-K summary
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Issuer:     CHEVRON CORP (CVX)
CIK:        0000093410
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000093410-25-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Chevron 2025 exec comp: CEO salary flat at $1.9M; CFO Bonner gets $50k raise & $4.3M equity grant
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- CEO Wirth base salary unchanged at $1.9M; CIP target stays at 165%; equity grant target $17.5M.
- CFO Bonner base salary increased $50k to $1.05M; equity target $4.33M; other NEOs also receive $50k raises.
- VP Hearne salary unchanged at $1.075M; will not receive 2025 CIP or equity grant due to upcoming retirement.
- 2025 equity grants (Feb 4) consist of 50% performance shares (TSR 70%, ROCE 30%), 25% RSUs, 25% stock options.
- RSUs vest ratably over 3 years with 2-year post-vesting holding period; options have 10-year term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93410/000009341025000006/0000093410-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93410/000009341025000006/cvx-20250129.htm
  HTML page:      https://secwatch.observer/filing/0000093410-25-000006

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