Form 4: Occidental Petroleum Executive Jeff F. Simmons Reports Stock Transactions

Jeff F. Simmons, a Senior Vice President at Occidental Petroleum, reported the acquisition and disposal of company stock related to a performance stock unit vesting and tax obligations.

Summary

• On February 12, 2025, Jeff F. Simmons, a Senior Vice President at Occidental Petroleum, reported transactions involving the company's common stock.
• Simmons acquired 42,455 shares of common stock upon the vesting of a performance stock unit award.
• Simmons disposed of 16,790 shares of common stock to satisfy tax withholding obligations at a price of $47.83 per share.
• Following these transactions, Simmons directly owns 302,364 shares of Occidental Petroleum common stock.
• Simmons also indirectly owns 4,198 shares through the OPC Savings Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The vesting of performance stock units suggests that performance targets were met, which is a positive indicator.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are routine insider transactions.

Key Dates

Keywords

Occidental Petroleum, OXY, Jeff F. Simmons, stock transaction, Form 4, performance stock unit, tax withholding, insider trading