Form 4: Occidental Director Executes Internal Share Transfers
Statement of Changes in Beneficial Ownership
Director Avedick B. Poladian transferred 15,000 shares of Occidental Petroleum common stock into three family trusts.
Summary
- Director Avedick B. Poladian transferred a total of 15,000 shares of Occidental Petroleum (OXY) common stock.
- The shares were moved from direct ownership to three separate trusts (AMMEA Trust #1, #2, and #3) where the director serves as a co-trustee.
- Each trust received 5,000 shares.
- The transactions were executed on April 14, 2026, at a price of $0, reflecting a change in beneficial ownership rather than a market sale.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it is a non-market transaction related to personal estate planning.
Positives
- The transaction represents a change in holding structure rather than a divestment of equity.
- The director maintains a significant beneficial interest in the shares through the trusts.
Negatives
- None. This is a routine estate planning or administrative transfer.
Risks
- None. This filing relates to internal ownership structure and does not impact company operations or financial risk.
Future Outlook
Not applicable as this is a routine disclosure of beneficial ownership changes.
Industry Context
StockSavvy.ai notes that internal transfers of shares by directors to trusts are common practices for estate planning and do not typically signal a change in management sentiment regarding the company's future performance.
Comparison to Industry Standards
- The filing is consistent with standard corporate governance practices for directors of large-cap energy companies.
- The use of trusts for asset management is a standard practice among high-net-worth corporate executives.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Updated Power of Attorney granted to Nicole E. Clark and Brittany A. Smith for SEC filing purposes. | 04/14/2026 | Administrative update to facilitate ongoing compliance with Section 16 reporting requirements. |
Stakeholder Impact
- No material impact on shareholders, employees, or creditors.
Next Steps
- No further action required by the company or the reporting person regarding this specific transaction.
Key Dates
| Date | Description |
|---|---|
| 04/14/2026 | Date of the share transfer transactions and execution of Power of Attorney. |
| 04/16/2026 | Date of filing with the SEC. |
Keywords
Occidental Petroleum, OXY, Director, Insider Trading, Beneficial Ownership, Form 4
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