Form 4: Occidental Petroleum Executive Reports Stock Transactions

Richard A. Jackson, a Senior Vice President at Occidental Petroleum, reports the acquisition and disposal of company stock, including shares withheld for tax obligations and an award of restricted stock units (RSUs).

Summary

• Richard A. Jackson, a Senior Vice President of Occidental Petroleum, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On February 28, 2025, 8,597 shares of common stock were withheld to cover tax obligations related to the vesting of previously reported restricted stock units at a price of $48.84 per share.
• On March 1, 2025, Jackson was awarded 30,304 restricted stock units (RSUs) under the company's Amended and Restated 2015 Long-Term Incentive Plan.
• These RSUs will vest in three equal annual installments starting on February 28, 2026.
• Jackson also indirectly owns 8,853 shares through the OPC Savings Plan, based on a statement dated February 28, 2025.
• Following these transactions, Jackson directly owns 267,388 shares of Occidental Petroleum common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

The awarded RSUs will vest in three equal annual installments beginning on February 28, 2026, representing a future increase in Jackson's direct share ownership if the vesting conditions are met.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. The vesting schedule of the RSUs is a common incentive mechanism to align executive interests with long-term shareholder value.

Stakeholder Impact

• Shareholders may be interested in the transactions of company executives as an indicator of management's confidence in the company's future prospects.

Key Dates