Form 4: Director William R. Klesse Reports OXY Stock Transaction

Occidental Petroleum Director William R. Klesse acquired 4,149 shares of common stock as part of a long-term incentive plan.

Summary

• Director William R. Klesse received an award of 4,149 shares of Occidental Petroleum common stock.
• The transaction occurred on May 4, 2026, under the company's Amended and Restated 2015 Long-Term Incentive Plan.
• A total of 913 shares were withheld by the company to satisfy tax obligations at a price of $60.27 per share.
• Following these transactions, the director's total beneficial ownership stands at 222,149 shares.

Sentiment

Score: 5

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

Positives

• Director maintains a significant equity stake of 222,149 shares, aligning interests with shareholders.

Negatives

• None identified; this is a standard equity compensation disclosure.

Risks

• None identified; this is a standard equity compensation disclosure.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that director equity awards are standard practice in the energy sector to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of Long-Term Incentive Plans (LTIP) for director compensation is consistent with standard corporate governance practices among S&P 500 energy companies like Chevron and ExxonMobil.

Stakeholder Impact

• Minimal impact; reflects standard director compensation practices.

Key Dates

Keywords

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