Form 4: Andrew Gould Exercises Warrants in Occidental Petroleum Corp (OXY)
SEC Form 4
Director Andrew Gould exercises warrants in Occidental Petroleum Corp at a reduced price.
Summary
- On March 31, 2025, Andrew Gould, a director of Occidental Petroleum Corporation, exercised 2,351 warrants to purchase common stock.
- The warrants were exercised at a temporarily reduced price of $21.30 per warrant as part of an offer by the issuer.
- Following the transaction, Gould directly owns 38,341 shares of Occidental Petroleum common stock.
- The warrants, originally issued on August 3, 2020, entitled the holder to purchase one share of common stock at an exercise price of $22.00.
- The offer to exercise the warrants at a reduced price of $21.30 expired on March 31, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard transaction filing with no inherent positive or negative implications.
Industry Context
This transaction reflects insider activity related to outstanding warrants of Occidental Petroleum. It's a routine filing related to executive compensation and investment decisions.
Stakeholder Impact
- The exercise of warrants may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/03/2020 | Original issue date of the warrants |
| 03/31/2025 | Date of warrant exercise and expiration of the reduced price offer |
| 04/02/2025 | Date of Form 4 filing |
Keywords
Occidental Petroleum, OXY, Andrew Gould, Warrants, Director, Stock, Exercise, Form 4
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