Eimear P. Bonner, a Vice President at Chevron Corporation (CVX), has been a consistent seller of company stock over the past several months, with Form 4 filings showing a pronounced disposition bias. Across 40 total transactions in CVX, Bonner has recorded zero open-market purchases and approximately $22.2 million in total sales value. The most recent activity, clustered in late February and early March 2026, reinforces this trend: eight open-market sales (Code S) occurred in that window alone, including a $3.32 million sale on March 2 and four separate sales on February 27 totaling roughly $5.28 million. These transactions were paired with option exercises (Code M) on the same dates, a mechanical pattern typical of a compensation-driven sell-to-cover strategy rather than a discretionary accumulation of shares.
The selling has been steady and substantial throughout the period. On January 30, 2026, Bonner sold $5.62 million worth of CVX shares, the largest single-day disposition in the recent filings, following a $4.26 million option exercise. Earlier in January, a $4.68 million sale on January 5 was matched with a $2.50 million exercise. Smaller transactions also appear, such as a $1.28 million sale on January 28 and a $1.24 million disposition back to the issuer (Code D) on January 31. Interspersed are automatic tax-withholding events (Code F) and zero-value grants (Code A), which do not reflect discretionary trading decisions. The net picture is unambiguous: Bonner has not bought a single share on the open market, and every meaningful transaction over the trailing quarter has been a sale, with total proceeds exceeding $22 million.
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