Form 4: Occidental Petroleum Executive Richard A. Jackson Reports Stock Transactions

Richard A. Jackson, a Senior Vice President at Occidental Petroleum, reported the vesting of performance stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• On February 12, 2025, Richard A. Jackson, a Senior Vice President at Occidental Petroleum, reported transactions involving the company's common stock.
• These transactions included the vesting of performance stock units, resulting in the acquisition of 37,228 shares and 22,643 shares of common stock.
• A portion of the shares (23,643) were then disposed of to cover tax withholding obligations at a price of $47.83 per share.
• Following these transactions, Jackson directly owns 245,681 shares of Occidental Petroleum common stock.
• Jackson also indirectly owns 8,811 shares through the OPC Savings Plan as of February 12, 2025.

Sentiment

Score: 5

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

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares, but the effect is likely negligible.

Key Dates

Keywords

Occidental Petroleum, OXY, Richard A. Jackson, Form 4, Stock Transactions, Performance Stock Units, Beneficial Ownership, Insider Trading