Form 4: Occidental Petroleum Executive Sylvia Kerrigan Reports Stock Transactions
SEC Form 4 Filing
Sylvia Kerrigan, SVP & Chief Legal Officer of Occidental Petroleum, reports the disposal of shares to cover tax obligations and holdings in the OPC Savings Plan.
Summary
- Sylvia J. Kerrigan, SVP & Chief Legal Officer of Occidental Petroleum, filed a Form 4 detailing changes in beneficial ownership.
- On October 2, 2024, Kerrigan disposed of 5,324 shares of common stock at a price of $53.44 to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Kerrigan directly owns 111,829 shares of Occidental Petroleum common stock.
- Kerrigan also indirectly owns 901 shares through the OPC Savings Plan, based on a plan statement dated October 2, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates Kerrigan's stock transactions related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of stock disposal and OPC Savings Plan statement. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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