Form 4: Occidental Petroleum Director Vicky A. Bailey Reports Stock Award and Tax Withholding

Director Vicky A. Bailey reports the acquisition of common stock and shares withheld for tax obligations.

Summary

• On May 3, 2024, Vicky A. Bailey, a director of Occidental Petroleum Corporation, reported a transaction involving the company's common stock.
• Bailey acquired 3,495 shares of common stock as an award under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan.
• Simultaneously, 1,145 shares were disposed of at a price of $64.39 to satisfy tax withholding obligations.
• Following these transactions, Bailey directly owns 8,647 shares of Occidental Petroleum Corporation's common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders. There are no indications of negative events or concerns.

Positives

• The acquisition of shares through the long-term incentive plan aligns the director's interests with those of the shareholders.

Industry Context

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

Stakeholder Impact

• The stock award aligns the director's interests with shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates