Occidental (NYSE: OXY) SVP gets 16,817 shares, withholds 6,655 for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Occidental Petroleum senior vice president Robert L. Peterson reported equity compensation activity in the company’s common stock. He acquired 16,817 shares at no cost through the vesting of a performance stock unit award under Occidental’s Amended and Restated 2015 Long-Term Incentive Plan.
To cover tax withholding obligations from this vesting, 6,655 shares were disposed of at $47.11 per share through a tax-withholding disposition, rather than an open-market sale. After these transactions, Peterson directly owned 298,072 common shares and indirectly held 12,337 shares through the OPC Savings Plan, based on a plan statement dated February 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Peterson Robert L
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,817 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,655 | $47.11 | $314K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 304,727 shares (Direct);
Common Stock — 12,337 shares (Indirect, By OPC Savings Plan)
Footnotes (1)
- Represents shares of common stock received upon the vesting of a performance stock unit award granted under the Issuer's Amended and Restated 2015 Long-Term Incentive Plan. Represents shares of common stock withheld to satisfy tax withholding obligations. Based on a plan statement dated February 18, 2026.
FAQ
What did OXY executive Robert L. Peterson report in this Form 4 filing?
Robert L. Peterson, a senior vice president at Occidental Petroleum (OXY), reported equity compensation activity. He received 16,817 common shares from vesting performance stock units and had 6,655 shares withheld to satisfy related tax obligations.
What do the performance stock unit and tax withholding entries mean for OXY’s insider activity?
The filing reflects routine equity compensation for an Occidental executive. Shares from vested performance stock units increased his holdings, while a portion was automatically withheld in shares to cover tax liabilities, a common mechanism in stock-based compensation.