Form 4: Occidental Petroleum Senior VP Reports Stock Activity
Insider Transaction Report
Occidental Petroleum Senior VP Robert L. Peterson reported the vesting of performance stock units and subsequent tax-related share disposition.
Summary
- Robert L. Peterson, Senior Vice President of Occidental Petroleum Corporation (OXY), reported transactions involving the company's common stock.
- On February 18, 2026, Peterson acquired 16,817 shares of common stock at a price of $0 per share, representing the vesting of a performance stock unit award.
- Concurrently, 6,655 shares of common stock were disposed of at a price of $47.11 per share to satisfy tax withholding obligations related to the vesting.
- Following these transactions, Peterson directly beneficially owns 298,072 shares of common stock.
- Additionally, Peterson indirectly beneficially owns 12,337 shares of common stock through the OPC Savings Plan, based on a plan statement dated February 18, 2026.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this filing as neutral to slightly positive. The vesting of performance stock units is a positive indicator of executive performance and alignment, while the tax-related sale is a standard, non-discretionary event.
Positives
- The vesting of 16,817 performance stock units indicates the achievement of performance targets, aligning executive compensation with company performance and shareholder interests.
Negatives
- The disposition of 6,655 shares to cover tax withholding obligations is a routine event associated with equity compensation vesting and is not indicative of negative sentiment or company performance.
Future Outlook
This filing is a report of past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance.
Industry Context
StockSavvy.ai notes that this Form 4 filing details routine executive compensation activity, specifically the vesting of performance-based equity awards and subsequent tax-related share sales. Such events are common across the energy sector and other industries for executives receiving long-term incentive compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization Update | Robert L. Peterson granted a Power of Attorney to Nicole E. Clark and Brittany A. Smith, or either of them, to prepare, execute, and file SEC documents, including Forms 3, 4, and 5, and manage his EDGAR account. | 2025-09-03 | Ensures efficient and compliant filing of insider transaction reports for the Senior Vice President, streamlining regulatory compliance processes. |
Stakeholder Impact
- Shareholders: The vesting of performance stock units aligns executive incentives with shareholder value creation, as these awards typically vest upon achieving pre-defined performance metrics. The subsequent tax-related sale is a common occurrence and has minimal impact on overall share structure.
Key Dates
| Date | Description |
|---|---|
| 2025-09-03 | Date Robert L. Peterson executed the Power of Attorney for SEC filings. |
| 2026-02-18 | Date of common stock transactions (acquisition from vesting and disposition for tax withholding). |
| 2026-02-18 | Date of the OPC Savings Plan statement reflecting indirect beneficial ownership. |
| 2026-02-20 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
OXY, Occidental Petroleum, Form 4, Insider Transaction, Executive Compensation, Stock Award, Performance Stock Units, Share Vesting
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