Form 4: OXY COO Richard Jackson Awarded 31,434 RSUs

Occidental Petroleum's Senior VP and COO, Richard A. Jackson, received an award of 31,434 Restricted Stock Units as part of the company's long-term incentive plan.

Summary

• Richard A. Jackson, Senior Vice President and Chief Operating Officer of Occidental Petroleum Corporation, was awarded 31,434 Restricted Stock Units (RSUs).
• This award was made on October 1, 2025, under the Issuer's Amended and Restated 2015 Long-Term Incentive Plan.
• Each RSU represents a contingent right to receive one share of Occidental Petroleum's common stock upon vesting.
• The RSUs will vest in three equal annual installments, with the first vesting date on September 30, 2026.
• Following this transaction, Jackson directly beneficially owns 298,822 shares of common stock.
• Additionally, Jackson indirectly beneficially owns 9,390 shares through the OPC Savings Plan as of October 1, 2025.

Sentiment

Score: 7

Explanation: The award of Restricted Stock Units to a key executive is a positive sign of management alignment with long-term shareholder interests and executive retention, though it is a routine compensation disclosure.

Positives

• Award of 31,434 Restricted Stock Units (RSUs) to a key executive, aligning management's interests with long-term shareholder value.
• The RSUs vest over three years, promoting executive retention and sustained performance.

Future Outlook

The Restricted Stock Units (RSUs) awarded to Richard A. Jackson are scheduled to vest in three equal annual installments, commencing on September 30, 2026, indicating a future commitment and incentive structure for the executive.

Industry Context

This Form 4 filing is a routine disclosure of executive compensation and does not provide specific insights into broader industry trends or the competitive landscape.

Comparison to Industry Standards

• The award of Restricted Stock Units (RSUs) to a Senior Vice President and COO is a common practice in executive compensation across the energy sector and other industries, aligning executive incentives with long-term shareholder value.
• The vesting schedule over three years is a typical structure for such long-term incentive plans, promoting executive retention and sustained performance.

Corporate Governance

Related Party Transactions

• Award of 31,434 Restricted Stock Units (RSUs) to Richard A. Jackson, Senior Vice President and COO, under the company's Amended and Restated 2015 Long-Term Incentive Plan.

Stakeholder Impact

• Shareholders: The RSU award aligns executive incentives with long-term shareholder value, potentially fostering sustained company performance.
• Employees: This is a standard executive compensation disclosure and does not directly impact the broader employee base.

Next Steps

• Vesting of the awarded RSUs in three equal annual installments, commencing September 30, 2026.

Key Dates

Recommendation

This Form 4 filing is a routine disclosure of executive compensation, specifically an RSU award, which is a standard practice to align executive interests with long-term shareholder value. It does not contain new information that would fundamentally alter the investment outlook for Occidental Petroleum, hence a 'hold' recommendation is appropriate.

Keywords

OXY, Occidental Petroleum, Richard Jackson, RSU, Restricted Stock Units, Insider Transaction, Form 4, Executive Compensation, Long-Term Incentive Plan