Form 4: Carlos M. Gutierrez Reports Acquisition of Occidental Petroleum Shares to Satisfy Annuity Obligation

Director Carlos M. Gutierrez acquired 3,723 shares of Occidental Petroleum common stock on May 9, 2025, to satisfy the annuity obligation of a grantor retained annuity trust (GRAT).

Summary

• Carlos M. Gutierrez, a director of Occidental Petroleum Corporation, reported a transaction on May 9, 2025, where he acquired 3,723 shares of common stock.
• The acquisition was related to a grantor retained annuity trust (GRAT) established on May 19, 2021, where Gutierrez gifted 30,625 shares for tax and estate planning purposes.
• The current transaction represents the receipt of shares to satisfy the GRAT's annuity obligation.
• Following the reported transaction, Gutierrez beneficially owns 75,261 shares of Occidental Petroleum common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction related to estate planning, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.

Key Dates

Keywords

Occidental Petroleum, OXY, Carlos M. Gutierrez, Form 4, Beneficial Ownership, Director, Grantor Retained Annuity Trust, GRAT, Annuity Obligation, Share Acquisition