Pate R. Hewitt, Vice President and General Counsel at Chevron (CVX), has demonstrated a clear selling bias in recent insider transactions, with no buys recorded in the latest filings. Over 38 reported trades, Hewitt has sold approximately $38.9 million worth of CVX shares while acquiring $19.5 million, resulting in a net divestment trend. The most recent activity, concentrated in February and March 2026, includes multiple high-value sales, such as a $9.07 million disposal on March 6 and a $7.26 million transaction on January 30. These disposals were often paired with smaller derivative transactions coded as "M" (likely option exercises or awards), including a $5.33 million event on March 6 and a $3.63 million transaction on January 30.
Hewitt’s trading pattern shows consistent monetization of equity positions, with nine sales in the most recent filings and no offsetting purchases. The transactions range from smaller dispositions like a $128,228 sale on February 27 to multimillion-dollar moves, suggesting a structured unwinding of holdings rather than isolated liquidity events. While some activity appears linked to equity awards (coded "A" and "F"), the overall direction leans toward reduction, with all recent transactions involving sales or award-related adjustments. The absence of open-market purchases during this period reinforces the divestment trend, though the retained position size—evidenced by the remaining derivative transactions—indicates Hewitt maintains significant exposure to Chevron stock.
AI-assisted summary