Occidental (NYSE: OXY) director gets stock award, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Occidental Petroleum director Kenneth B. Robinson reported routine equity compensation and related tax withholding in company stock. He received an award of 4,149 shares of Common Stock under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan, with no cash paid for the grant.
To satisfy tax withholding obligations on this award, 913 shares were withheld at an indicated price of $60.27 per share, a non-market disposition rather than an open-market sale. After these transactions, Robinson directly holds 16,272 shares of Occidental common stock, including 258 shares acquired through dividend reinvestment between July 2025 and April 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Robinson Kenneth B.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,149 | $0.00 | -- |
| Tax Withholding | Common Stock | 913 | $60.27 | $55K |
Holdings After Transaction:
Common Stock — 16,272 shares (Direct, null)
Footnotes (1)
- Award of common stock under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan. Includes 258 shares acquired between July 2025 and April 2026 through dividend reinvestment. Represents shares of common stock withheld to satisfy tax withholding obligations.
Key Figures
Stock award: 4,149 shares
Shares withheld for taxes: 913 shares
Withholding reference price: $60.27 per share
+2 more
5 metrics
Stock award
4,149 shares
Common Stock granted under 2015 Long-Term Incentive Plan
Shares withheld for taxes
913 shares
Withheld to satisfy tax withholding obligations
Withholding reference price
$60.27 per share
Value used for tax-withholding disposition
Shares held after transactions
16,272 shares
Total Occidental common stock directly owned after Form 4
Dividend reinvestment shares
258 shares
Acquired via dividend reinvestment between July 2025 and April 2026
Key Terms
Amended and Restated 2015 Long-Term Incentive Plan, dividend reinvestment, tax withholding obligations, tax-withholding disposition, +1 more
5 terms
Amended and Restated 2015 Long-Term Incentive Plan financial
"Award of common stock under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan."
dividend reinvestment financial
"Includes 258 shares acquired between July 2025 and April 2026 through dividend reinvestment."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
tax withholding obligations financial
"Represents shares of common stock withheld to satisfy tax withholding obligations."
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 913 shares of Common Stock."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition" for 4,149 shares."
FAQ
What did Kenneth B. Robinson report in his latest Form 4 for OXY?
Kenneth B. Robinson reported a routine equity compensation transaction, receiving 4,149 shares of Occidental Petroleum common stock and having 913 shares withheld for taxes. These moves reflect compensation and tax mechanics rather than open-market buying or selling activity, and he continues to hold shares directly.
What compensation plan covered Kenneth B. Robinson’s new OXY stock award?
The stock award was granted under Occidental Petroleum Corporation's Amended and Restated 2015 Long-Term Incentive Plan. This plan provides equity-based compensation, such as grants of common stock, to directors and other participants as part of their long-term incentive and alignment with shareholders.