Occidental director receives 3,656 OXY shares
GUTIERREZ CARLOS M reported disposition transactions in this Form 4 filing.
Rhea-AI Filing Summary
GUTIERREZ CARLOS M reported disposition transactions in this Form 4 filing.
Occidental Petroleum director Carlos M. Gutierrez reported an estate-planning related share transfer. On February 23, 2026, he received 3,656 shares of Occidental common stock from a grantor retained annuity trust in satisfaction of the trust’s annuity obligation, at a reported price of $0.00 per share. After this non-cash transfer, he directly owned 78,917 common shares.
Positive
- None.
Negative
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Insider Trade Summary
3,656 shares gifted
Gift
1 txn
Insider
GUTIERREZ CARLOS M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,656 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 78,917 shares (Direct)
Footnotes (1)
- F1. As reported on that certain Form 4 filed on behalf of the reporting person on May 20, 2021, the reporting person gifted 30,625 shares of common stock of the Issuer to a grantor retained annuity trust (the "GRAT") with an independent trustee on May 19, 2021 for tax and estate planning purposes. On February 23, 2026, in satisfaction of the GRAT's annuity obligation, the reporting person received 3,656 shares of the Issuer's common stock.
FAQ
What insider transaction did Occidental Petroleum (OXY) report for Carlos M. Gutierrez?
Occidental Petroleum director Carlos M. Gutierrez reported receiving 3,656 common shares. The transfer came from a grantor retained annuity trust as satisfaction of an annuity obligation, reflecting an estate-planning transaction rather than an open-market stock purchase or sale.
What is the role of the grantor retained annuity trust in this Occidental Petroleum (OXY) Form 4?
The grantor retained annuity trust previously received 30,625 Occidental shares from Gutierrez in 2021. On February 23, 2026, the trust transferred 3,656 shares back to him in satisfaction of its annuity obligation, which is the transaction disclosed in this Form 4.
Is Carlos M. Gutierrez buying or selling Occidental Petroleum (OXY) stock in this Form 4?
The Form 4 reflects a non-cash transfer of 3,656 shares to Gutierrez, not an open-market buy or sell. The shares were distributed from a grantor retained annuity trust as part of a previously established estate-planning structure.
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