Form 4: Occidental Petroleum Director Jack B. Moore Reports Stock Award and Tax Withholding

Director Jack B. Moore reports acquisition of shares through a stock award and disposition of shares for tax obligations.

Summary

• On May 5, 2025, Jack B. Moore, a director of Occidental Petroleum Corporation, acquired 10,436 shares of common stock through an award under the company's Amended and Restated 2015 Long-Term Incentive Plan.
• On the same day, Moore disposed of 2,296 shares of common stock to satisfy tax withholding obligations at a price of $38.81 per share.
• Following these transactions, Moore beneficially owns 70,020 shares of Occidental Petroleum common stock directly.
• This total includes 828 shares acquired through dividend reinvestment between July 2024 and April 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects standard compensation practices and tax obligations. There are no significant positive or negative implications.

Positives

• The acquisition of shares through the long-term incentive plan aligns the director's interests with the company's performance.
• Dividend reinvestment indicates a continued investment in the company's stock.

Negatives

• The disposal of shares to cover tax obligations, while standard, reduces the director's overall holdings.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates standard compensation practices and tax obligations.

Comparison to Industry Standards

• Stock awards are a common component of executive compensation packages in the oil and gas industry, aligning management's interests with shareholder value.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also utilize long-term incentive plans that include stock awards for their executives.

Stakeholder Impact

• The stock award aligns the director's interests with shareholders.
• The tax withholding has a negligible impact on the company's financials.

Key Dates

Keywords

Occidental Petroleum, Director, Stock Award, Tax Withholding, Form 4, OXY, Long-Term Incentive Plan, Dividend Reinvestment