Occidental Petroleum (OXY) SVP reports RSU grant and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Occidental Petroleum Senior Vice President Kenneth Dillon reported equity-based compensation and related tax withholding transactions. He acquired 27,883 shares of common stock on a grant/award basis at a price of $0.0000 per share, bringing his directly held total to 372,201 shares.
Separately, 10,131 shares were disposed of at $53.08 per share to satisfy tax withholding obligations upon vesting of previously reported restricted stock units. The new award of RSUs was granted under the Amended and Restated 2015 Long-Term Incentive Plan and will vest in three equal annual installments beginning on February 28, 2027. In addition, 20,030 shares are held indirectly through the OPC Savings Plan based on a plan statement dated February 27, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Dillon Kenneth
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,883 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,131 | $53.08 | $538K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 372,201 shares (Direct);
Common Stock — 20,030 shares (Indirect, By OPC Savings Plan)
Footnotes (1)
- Represents shares of common stock withheld to satisfy tax withholding obligations upon the vesting of previously reported restricted stock units (RSUs). Award of RSUs pursuant to the Issuer's Amended and Restated 2015 Long-Term Incentive Plan. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSUs will vest in three equal annual installments beginning on February 28, 2027. Based on a plan statement dated February 27, 2026.
FAQ
What insider transactions did Occidental Petroleum (OXY) report for Kenneth Dillon?
Occidental Petroleum reported that Senior Vice President Kenneth Dillon received a grant of 27,883 shares of common stock and had 10,131 shares withheld to cover tax obligations from vesting RSUs, reflecting routine equity compensation and related tax withholding activity.
What RSU award did Kenneth Dillon receive from Occidental Petroleum (OXY)?
Kenneth Dillon received an award of restricted stock units under Occidental’s Amended and Restated 2015 Long-Term Incentive Plan. Each RSU represents one common share upon vesting, with the RSUs vesting in three equal annual installments starting on February 28, 2027, subject to plan terms.
How are Kenneth Dillon’s indirect Occidental Petroleum (OXY) holdings structured?
Kenneth Dillon’s indirect holdings consist of 20,030 Occidental Petroleum shares held through the OPC Savings Plan. This amount is based on a plan statement dated February 27, 2026, and is reported as indirect ownership in the Form 4 insider transaction filing.