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 5, 2025, William R. Klesse, a director of Occidental Petroleum Corporation, reported a transaction involving the company's common stock.
• Klesse acquired 6,442 shares of common stock through an award under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan.
• Simultaneously, 1,418 shares were withheld to satisfy tax withholding obligations at a price of $38.81 per share.
• Following these transactions, Klesse's direct ownership of Occidental Petroleum common stock is 213,913 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

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 transaction has a minor impact on shareholders as it reflects insider ownership and alignment with company goals.

Key Dates

Keywords

Occidental Petroleum, Director, William R. Klesse, Stock Award, Tax Withholding, Long-Term Incentive Plan, Common Stock, OXY