Form 4: Occidental Petroleum Executive Reports Stock Transactions Following Vesting of Performance Stock Units

Robert L. Peterson, a Senior Vice President at Occidental Petroleum, reports the acquisition and disposal of company stock related to the vesting of performance stock units and tax obligations.

Summary

• On February 12, 2025, Robert L. Peterson, a Senior Vice President of Occidental Petroleum Corporation, acquired 37,228 shares of common stock upon the vesting of performance stock units.
• He also acquired an additional 22,643 shares of common stock on the same date.
• 23,646 shares were disposed of to cover tax withholding obligations at a price of $47.83 per share.
• Following these transactions, Peterson directly owns 269,692 shares of Occidental Petroleum common stock.
• Additionally, he indirectly owns 11,496 shares through the OPC Savings Plan.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting required insider trading information. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. These filings are monitored by investors for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax-related stock movements.

Key Dates

Keywords

Occidental Petroleum, OXY, Robert L. Peterson, Form 4, Stock Transaction, Performance Stock Units, Insider Trading, Beneficial Ownership