Chevron's CEO cashed out $61 million in stock near the record run

CEO Mike Wirth sold about $61 million of Chevron (CVX) stock on August 18 at roughly $200 a share, near the record levels the oil rally pushed the stock to this year. A second executive sold the next day. Wirth's sale followed a stock-option exercise, a common way top managers turn awarded options into cash. Buffett Wallet holds it.