Form 4: Occidental Petroleum Director Andrew Gould Reports Stock Award and Tax Withholding

Director Andrew Gould reports acquisition of common stock and shares withheld for tax obligations.

Summary

• On May 3, 2024, Andrew Gould, a director of Occidental Petroleum Corporation, acquired 3,883 shares of common stock.
• These shares were awarded under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan.
• On the same day, 1,165 shares were withheld to satisfy tax withholding obligations at a price of $64.39 per share.
• Following these transactions, Gould directly owns 35,990 shares of Occidental Petroleum Corporation common stock.

Sentiment

Score: 7

Explanation: The document reflects standard insider transactions, indicating a neutral to slightly positive sentiment due to continued director ownership.

Positives

• The acquisition of shares through the Long-Term Incentive Plan aligns Gould's interests with those of the shareholders.
• Gould's continued direct ownership of 35,990 shares demonstrates a continued investment in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Directors commonly receive stock awards as part of their compensation packages, aligning their interests with shareholders.
• Tax withholding on stock awards is a standard practice to cover income tax obligations.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.
• The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates