Form 4: OXY COO Jackson Reports RSU Award, Tax Withholding

Occidental Petroleum's Senior VP and COO, Richard A. Jackson, reported the acquisition of 37,679 restricted stock units and the disposition of 10,131 shares for tax withholding.

Summary

• Richard A. Jackson, Senior Vice President and COO of Occidental Petroleum Corporation (OXY), reported transactions related to his beneficial ownership.
• On February 28, 2026, 10,131 shares of common stock were disposed of at a price of $53.08 per share to satisfy tax withholding obligations upon the vesting of previously reported restricted stock units (RSUs).
• Following this disposition, Jackson directly beneficially owned 299,816 shares of common stock.
• On March 1, 2026, Jackson was awarded 37,679 restricted stock units (RSUs) under the company's Amended and Restated 2015 Long-Term Incentive Plan.
• These RSUs represent a contingent right to receive one share of common stock upon vesting, which will occur in three equal annual installments starting on February 28, 2027.
• After the RSU award, Jackson directly beneficially owned 337,495 shares of common stock.
• Additionally, Jackson indirectly beneficially owned 9,703 shares through the OPC Savings Plan as of February 27, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive routine filing. The RSU award signifies continued executive incentive alignment, while the tax withholding is a standard operational event, neither of which indicates significant new positive or negative developments for the company's operational or financial health.

Positives

• Richard A. Jackson, Senior Vice President and COO, received an award of 37,679 restricted stock units (RSUs) as part of the company's long-term incentive plan, aligning management's interests with shareholder value.

Negatives

• 10,131 shares of common stock were disposed of to cover tax withholding obligations, which is a routine event but reduces direct share ownership.

Future Outlook

The newly awarded 37,679 restricted stock units will vest in three equal annual installments, commencing on February 28, 2027, indicating a future incentive structure for the Senior Vice President and COO.

Industry Context

StockSavvy.ai notes that executive compensation through restricted stock units is a standard practice in the energy sector, aligning executive incentives with long-term company performance and shareholder interests. This particular filing reflects a routine compensation event for a senior executive at a major oil and gas company.

Comparison to Industry Standards

• This type of RSU award and tax-related disposition is a common compensation structure for senior executives across large-cap energy companies, similar to practices seen at ExxonMobil (XOM) or Chevron (CVX), where long-term incentive plans often include equity awards that vest over several years.
• The specific value and number of shares are commensurate with the executive's role and the company's overall compensation philosophy.

Stakeholder Impact

• Shareholders: The RSU award aligns executive interests with long-term shareholder value, as the executive's compensation is tied to the company's stock performance. The tax withholding is a routine event with minimal impact.
• Employees: This filing pertains to executive compensation and does not directly impact the broader employee base, though it reflects the company's overall compensation strategy for senior leadership.

Next Steps

• The newly awarded 37,679 restricted stock units will vest in three equal annual installments, with the first installment occurring on February 28, 2027.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, including an RSU award and tax-related share disposition. Such filings are standard and do not typically provide new information that would warrant a change in investment recommendation for Occidental Petroleum. The transactions reflect ongoing executive incentive alignment rather than a material change in the company's fundamental outlook or operational performance.

Keywords

Occidental Petroleum, OXY, Richard A. Jackson, Form 4, Insider Trading, Restricted Stock Units, RSU, Executive Compensation, Stock Award, Tax Withholding