Form 4: Occidental Petroleum SVP & CFO Sunil Mathew Reports Stock Transactions

Sunil Mathew, SVP & CFO of Occidental Petroleum, reports the acquisition and disposal of company stock related to vesting of performance stock units and tax obligations.

Summary

• On February 12, 2025, Sunil Mathew, SVP & CFO of Occidental Petroleum, acquired 41,039 shares of common stock upon the vesting of a performance stock unit award.
• On the same day, 16,231 shares were disposed of at a price of $47.83 to satisfy tax withholding obligations.
• Following these transactions, Mathew directly owns 191,143 shares and indirectly owns 4,303 shares through the OPC Savings Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to compensation and tax obligations. There are no explicit positive or negative implications for the company's performance.

Positives

• The acquisition of shares through vesting of performance stock units suggests that performance targets were met, which is a positive indicator.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates Sunil Mathew's transactions in Occidental Petroleum stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider trading activity related to executive compensation.

Key Dates

Keywords

Occidental Petroleum, OXY, Sunil Mathew, SVP & CFO, Stock Transactions, Form 4, Performance Stock Units, Tax Withholding