Form 4: Director Vicky A. Bailey Reports OXY Stock Transaction
Statement of Changes in Beneficial Ownership
Occidental Petroleum director Vicky A. Bailey acquired 3,734 shares of common stock and withheld 1,223 shares for tax obligations.
Summary
- Director Vicky A. Bailey received an award of 3,734 shares of common stock under the company's 2015 Long-Term Incentive Plan.
- A total of 1,223 shares were withheld by the company to satisfy tax withholding obligations related to the award.
- The net increase in the director's holdings resulted in a total beneficial ownership of 15,490 shares of common stock.
- The transaction occurred on May 4, 2026, at a price of $60.27 per share for the withheld portion.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing with no impact on the company's financial outlook or strategic direction.
Positives
- The transaction reflects standard equity-based compensation for a director, aligning interests with shareholders.
Negatives
- None identified; this is a routine administrative filing regarding director compensation.
Risks
- None identified; this is a standard disclosure of beneficial ownership.
Future Outlook
No forward-looking guidance provided in this filing.
Industry Context
StockSavvy.ai notes that this filing is a routine disclosure of director equity compensation, which is standard practice for large-cap energy companies like Occidental Petroleum to ensure alignment between board members and long-term shareholder value.
Comparison to Industry Standards
- The use of Long-Term Incentive Plans (LTIP) for director compensation is consistent with industry standards for S&P 500 energy companies.
- Tax withholding via share reduction is a standard mechanism used by major corporations to settle tax liabilities for equity awards.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Vicky A. Bailey appointed Nicole E. Clark and Brittany A. Smith as attorneys-in-fact for SEC filings. | 04/30/2026 | Administrative update to facilitate timely regulatory compliance. |
Stakeholder Impact
- Minimal impact; confirms director alignment with company equity performance.
Next Steps
- No future actions or milestones mentioned.
Key Dates
| Date | Description |
|---|---|
| 04/30/2026 | Date of execution for the Power of Attorney. |
| 05/04/2026 | Date of the reported stock transactions. |
| 05/06/2026 | Date of filing for the Form 4. |
Keywords
Occidental Petroleum, OXY, Form 4, Insider Trading, Director Compensation, Equity Incentive Plan
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.