Form 4: Director Jack B. Moore Reports OXY Stock Transaction
Statement of Changes in Beneficial Ownership
Occidental Petroleum director Jack B. Moore acquired 6,720 shares of common stock via an incentive plan and withheld 1,479 shares for taxes.
Summary
- Director Jack B. Moore received an award of 6,720 shares of common stock under the company's Amended and Restated 2015 Long-Term Incentive Plan.
- A total of 1,479 shares were withheld by the company to satisfy tax withholding obligations at a price of $60.27 per share.
- Following these transactions, the director's total beneficial ownership stands at 76,431 shares.
- The report also notes the acquisition of 1,170 shares through dividend reinvestment between July 2025 and April 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director equity compensation.
Positives
- Director maintains a significant equity stake of 76,431 shares, aligning interests with shareholders.
- The acquisition of shares through dividend reinvestment indicates long-term confidence in the company's performance.
Negatives
- None identified; this is a standard compensatory and tax-related transaction.
Risks
- None identified; this is a routine disclosure of director equity holdings.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that routine Form 4 filings regarding director compensation and tax withholding are standard corporate governance practices in the energy sector and do not typically signal shifts in company strategy or market outlook.
Comparison to Industry Standards
- The use of long-term incentive plans for director compensation is consistent with standard practices at major energy firms like Chevron and ExxonMobil.
- Tax withholding via share reduction is a standard administrative procedure for equity-based compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Updated Power of Attorney for Section 16 filings naming Nicole E. Clark and Brittany A. Smith. | 05/01/2026 | Administrative update to ensure continued compliance with SEC reporting requirements. |
Stakeholder Impact
- No material impact on stakeholders; reflects standard director compensation.
Next Steps
- Continued monitoring of insider transactions for potential shifts in sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/01/2026 | Date of execution for the Power of Attorney. |
| 05/04/2026 | Date of the reported stock transactions. |
| 05/06/2026 | Date of filing the Form 4. |
Keywords
Occidental Petroleum, OXY, Form 4, Insider Trading, Director Ownership, Equity Incentive Plan
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