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, including shares withheld for tax obligations and an award of restricted stock units.

Summary

• On February 28, 2025, Jeff F. Simmons, a Senior Vice President at Occidental Petroleum, had 10,526 shares of common stock withheld to cover tax obligations related to vesting restricted stock units at a price of $48.84 per share.
• On March 1, 2025, Simmons was awarded 26,209 restricted stock units (RSUs) under the company's long-term incentive plan.
• These RSUs represent the right to receive one share of Occidental Petroleum common stock upon vesting, which will occur in three equal annual installments starting on February 28, 2026.
• As of the report, Simmons directly owns 318,047 shares of Occidental Petroleum common stock and indirectly owns 4,235 shares through the OPC Savings Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment.

Positives

• The award of 26,209 RSUs to Jeff F. Simmons indicates continued investment in the company's leadership.

Future Outlook

The RSUs will vest in three equal annual installments beginning on February 28, 2026.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies to align the interests of executives with those of shareholders.
• The vesting schedule of the RSUs (three equal annual installments) is a typical arrangement.
• Comparing the size of the RSU award to those of executives at peer companies (e.g., ExxonMobil, Chevron) would provide context on the magnitude of this compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly diluting the stock if the RSUs are converted to common stock.

Key Dates