Form 4: Occidental Petroleum Director Carlos M. Gutierrez Reports Acquisition of Common Stock and Warrants
SEC Form 4
Director Carlos M. Gutierrez reported the acquisition of 625 shares of common stock and 625 warrants of Occidental Petroleum on March 19, 2024.
Summary
- On March 19, 2024, Carlos M. Gutierrez, a director of Occidental Petroleum Corporation, acquired 625 shares of common stock at a price of $22 per share.
- The transaction also involved the acquisition of 625 warrants with an exercise price of $22, expiring on August 3, 2027.
- Following these transactions, Gutierrez directly owns 55,038 shares of common stock and 7,207 warrants.
- The report was filed on March 21, 2024.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment, but rather provides information for investors to interpret.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The acquisition of shares and warrants by a director may signal confidence in the company's future prospects to shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/03/2020 | Date of warrants |
| 03/19/2024 | Date of transaction: Acquisition of common stock and warrants. |
| 03/21/2024 | Date of Form 4 filing. |
| 08/03/2027 | Expiration date of warrants. |
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