Form 4: Occidental Petroleum Director Bob Shearer Acquires Shares Under Incentive Plan
SEC Form 4
Director Bob Shearer acquired 3,883 shares of Occidental Petroleum common stock on May 3, 2024, under the company's long-term incentive plan.
Summary
- On May 3, 2024, Bob Shearer, a director of Occidental Petroleum Corporation, acquired 3,883 shares of common stock.
- The acquisition was part of the Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan.
- Following the transaction, Shearer directly owns 56,931 shares of Occidental Petroleum common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares under an incentive plan suggests confidence, but it's a routine transaction.
Positives
- The acquisition of shares by a director signals confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored as they can provide insights into a company's prospects. Acquisitions by directors are often seen as a positive sign.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of transaction: Bob Shearer acquired 3,883 shares of common stock. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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