Occidental (NYSE: OXY) director shifts 30,000 shares into three trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Occidental Petroleum director Avedick B. Poladian reported a series of bona fide gifts of the company’s common stock. On April 14, 2026, he transferred a total of 30,000 shares, gifting 5,000 shares to each of three trusts where he serves as co‑trustee.
These gifts were reported at a price of $0.0000 per share, reflecting that they were non‑market, no‑consideration transfers rather than sales. Following the transactions, Poladian holds 75,426 Occidental Petroleum shares directly and 5,000 shares indirectly in each of AMMEA Trust #1, #2 and #3.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,000 shares gifted
Mixed
6 txns
Insider
POLADIAN AVEDICK BARUYR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,000 | $0.00 | -- |
| Gift | Common Stock | 5,000 | $0.00 | -- |
| Gift | Common Stock | 5,000 | $0.00 | -- |
| Gift | Common Stock | 5,000 | $0.00 | -- |
| Gift | Common Stock | 5,000 | $0.00 | -- |
| Gift | Common Stock | 5,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 85,426 shares (Direct);
Common Stock — 5,000 shares (Indirect, By Trust 1)
Footnotes (1)
- On April 14, 2026, the reporting person transferred 5,000 Issuer common shares to each of the three trusts of which he is a co-trustee. AMMEA Trust #1, Avedick B. Poladian as co-trustee. AMMEA Trust #2, Avedick B. Poladian as co-trustee. AMMEA Trust #3, Avedick B. Poladian as co-trustee.
Key Figures
Shares gifted: 30,000 shares
Direct holdings after gifts: 75,426 shares
Indirect trust holdings: 15,000 shares
+1 more
4 metrics
Shares gifted
30,000 shares
Bona fide gifts of Occidental Petroleum common stock on April 14, 2026
Direct holdings after gifts
75,426 shares
Occidental Petroleum common stock held directly by Avedick B. Poladian after transactions
Indirect trust holdings
15,000 shares
5,000 Occidental shares in each of AMMEA Trust #1, #2 and #3 after transfers
Transaction price per share
$0.0000 per share
Reported price for all bona fide gift transactions of Occidental common stock
Key Terms
bona fide gift, indirect ownership, co-trustee, Form 4
4 terms
bona fide gift financial
"Each transaction is coded “G” with the description “Bona fide gift” for the common stock transfers."
indirect ownership financial
"Some shares are reported with ownership code “I” and nature of ownership as trusts, indicating indirect ownership."
co-trustee financial
"Footnotes state AMMEA Trust #1, #2 and #3 list Avedick B. Poladian as co-trustee."
Form 4 regulatory
"The insider activity is reported on a Form 4, detailing non-derivative transactions in common stock."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Avedick B. Poladian report in his latest Form 4 for OXY?
He reported bona fide gifts of Occidental Petroleum common stock totaling 30,000 shares. On April 14, 2026, he transferred 5,000 shares to each of three AMMEA trusts where he is co‑trustee, with no sale proceeds and a reported price of $0.0000 per share.
Are the OXY transactions by Avedick B. Poladian open-market sales?
No, they are not open‑market sales. The Form 4 classifies each transaction with code “G” as a bona fide gift at $0.0000 per share, indicating non‑market transfers of Occidental Petroleum common stock rather than sales for cash on a securities exchange.
Does Avedick B. Poladian retain a significant OXY position after these gifts?
Yes, he retains a sizable stake. The filing shows 75,426 Occidental Petroleum shares held directly plus 5,000 shares in each of three AMMEA trusts, for 15,000 shares held indirectly, all following the April 14, 2026 bona fide gift transactions.