Form 4: Occidental Petroleum Executive Kenneth Dillon Reports Stock Transactions

Senior Vice President Kenneth Dillon of Occidental Petroleum reports the acquisition and disposal of company stock related to vesting of performance stock units and tax obligations.

Summary

• Kenneth Dillon, a Senior Vice President at Occidental Petroleum, reported transactions involving the company's common stock on February 12, 2025.
• These transactions include the acquisition of 40,718 shares and 24,766 shares of common stock upon the vesting of performance stock units.
• Additionally, 25,846 shares were disposed of to cover tax withholding obligations at a price of $47.83 per share.
• Following these transactions, Dillon directly owns 321,842 shares of Occidental Petroleum common stock.
• Dillon also indirectly owns 19,003 shares through the OPC Savings Plan as of February 12, 2025.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect executive compensation and tax obligations.

Key Dates

Keywords

Occidental Petroleum, OXY, Kenneth Dillon, Stock Transactions, Form 4, Performance Stock Units, Tax Withholding, Beneficial Ownership