Form 4: Occidental Petroleum Director Kenneth B. Robinson Reports Changes in Beneficial Ownership

Kenneth B. Robinson, a director at Occidental Petroleum, reported the acquisition and disposal of common stock on May 5, 2025, according to a Form 4 filing with the SEC.

Summary

• On May 5, 2025, Kenneth B. Robinson, a director of Occidental Petroleum Corporation, reported changes in beneficial ownership of the company's common stock.
• Robinson acquired 6,442 shares of common stock through an award under the company's Amended and Restated 2015 Long-Term Incentive Plan.
• He also disposed of 1,418 shares to satisfy tax withholding obligations at a price of $38.81 per share.
• Following these transactions, Robinson directly owns 11,865 shares of Occidental Petroleum common stock.
• The report also notes that Robinson owns 13,283 shares, which includes 124 shares acquired through dividend reinvestment between July 2024 and April 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, with no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares through the long-term incentive plan suggests confidence in the company's future performance.

Negatives

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

Risks

• There are no specific risks mentioned in this document.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a director at Occidental Petroleum, which is relevant to investors monitoring insider sentiment and potential alignment with company performance.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring transparency and compliance with SEC regulations.
• The transactions reported are typical for executives receiving stock-based compensation and managing their tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

beneficial ownership, Form 4, Occidental Petroleum, director, stock, acquisition, disposal, incentive plan, dividend reinvestment, OXY