Wirth Michael K

CVX Chairman/CEO Wirth sold 272,624 shares (89.7% of holdings) for $51.6M on 2026-03-02

Michael K Wirth, Chairman and CEO of Chevron, executed 5 separate sales totaling 272,624 shares for $51,622,487.45 on March 2, 2026, reducing his holdings from 303,890 shares to 31,266 shares—a 89.7% reduction. The transactions occurred at prices ranging from $188.01 to $190.60 (blended average $189.35), near the stock's 52-week high of $189.60. Notably, Wirth's cross-ticker track record shows a 100.00% well-timed rate across 6 prior sells, though his immediate 90-day returns averaged -3.3%, and at CVX specifically, his 5 prior sells in January 2026 all showed positive 30-day returns (+9.8% to +12.5%) with 90-day outcomes not yet measurable. The current stock price of $186.03 sits -1.9% from the 52-week high but has risen 6.9% in 30 days and 22.2% in 90 days, suggesting the timing of this liquidation may align with recent appreciation. The magnitude of the reduction—nearly 90% of holdings—warrants investigation into whether this reflects portfolio rebalancing, estate planning, or other material considerations beyond routine trading.

CVX CEO Michael K Wirth sold 320,700 shares for $52.3M in 5 transactions on 2026-01-05, reducing stake by 95.7%

Chairman and CEO Michael K Wirth executed 5 separate sales totaling 320,700 shares for $52,271,977.63 at prices ranging from $161.12 to $165.05, substantially liquidating his position from 335,150 shares pre-transaction to 14,450 shares post-transaction. The blended average sale price of $162.99 sits near the 52-week high of $168.51, and current stock price is $155.20 (down 7.9% from the 52-week high). In his prior Chevron sale on 2024-11-14, Wirth's trade exhibited a 90-day return of -3.3%, indicating historically well-timed execution at this ticker. The magnitude of this liquidation—a 95.7% reduction in holdings—represents a material change in the CEO's equity stake and warrants investor scrutiny of timing relative to current market conditions and company fundamentals.

CVX Chairman/CEO Michael Wirth sold 164,600 shares at $160.13 for $26.4M, retaining 4,280 shares (-97.5% of holdings).

Michael Wirth, Chairman and CEO of Chevron, divested 164,600 shares at $160.13 for $26,356,838.36, reducing his stake from 168,880 shares to 4,280 shares—a near-complete liquidation of his position. This magnitude of divestiture by a sitting CEO is material and unusual; retaining only 4,280 shares leaves minimal skin-in-the-game during a period when Chevron reported annual revenue growth of -18.4% and a P/E of 17.32. The sale occurred at a price within 3.4% of the 52-week high of $166.33, though the stock has appreciated 6.6% over the prior 30 days and 11.1% over 90 days. Such a substantial personal-wealth liquidation at near-peak valuations by the company's top executive warrants investor attention regarding leadership's confidence in near-term prospects.