Form 4: Director Bob Shearer Acquires OXY Common Stock

Occidental Petroleum Corporation director Bob Shearer acquired 3,734 shares of common stock as part of a long-term incentive plan.

Summary

• Director Bob Shearer received an award of 3,734 shares of Occidental Petroleum Corporation (OXY) common stock.
• The transaction occurred on May 4, 2026.
• The shares were granted under the company's Amended and Restated 2015 Long-Term Incentive Plan.
• Following this transaction, Bob Shearer's total beneficial ownership increased to 66,463 shares held directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• Increased alignment between director interests and shareholder value through equity ownership.
• Reflects standard compensation practices for corporate board members.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

Not applicable as this is a routine disclosure of director equity compensation.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard industry practice in the energy sector to ensure long-term commitment to corporate strategy.

Comparison to Industry Standards

• The grant is consistent with standard executive and director compensation packages at major oil and gas firms like Chevron or ExxonMobil.
• The use of a Long-Term Incentive Plan (LTIP) aligns with governance best practices for retention.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity grant.

Next Steps

• None.

Key Dates

Keywords

Occidental Petroleum, OXY, Form 4, Insider Trading, Director Compensation, Equity Incentive Plan