Form 4: Occidental Petroleum Director William R. Klesse Reports Stock Award and Tax Withholding

Director William R. Klesse reports acquisition of common stock and shares withheld for tax obligations related to Occidental Petroleum's long-term incentive plan.

Summary

• On May 3, 2024, William R. Klesse, a director of Occidental Petroleum Corporation, reported a transaction involving the company's common stock.
• Klesse acquired 3,883 shares of common stock at $0 per share as part of an award under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan.
• Additionally, 855 shares were withheld at a price of $64.39 to satisfy tax withholding obligations.
• Following these transactions, Klesse directly owns 182,989 shares of Occidental Petroleum common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests.

Positives

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The stock award could have a minor positive impact on shareholder sentiment as it aligns management's interests with company performance.

Key Dates