GOULD ANDREW 4
Research Summary
AI-generated summary
Occidental (OXY) Director Andrew Gould Receives Stock Award
What Happened
- Andrew Gould, a Director of Occidental Petroleum (OXY), was awarded 4,978 shares under the company's Amended and Restated 2015 Long-Term Incentive Plan (code A).
- To satisfy tax withholding, 1,494 of those shares were withheld/disposed at $60.27 each, producing $90,043 (code F). Net shares delivered to Gould: 3,484.
- The award implies a gross value of roughly $300,024 based on the $60.27 per-share figure reported for the withholding.
Key Details
- Transaction dates: Award and withholding occurred on 2026-05-04; filing date 2026-05-06 (appears timely).
- Prices and values: Award reported at $0.00 (grant); 1,494 shares withheld at $60.27 for $90,043.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes: F1 = award under the 2015 LTIP; F2 = shares withheld to satisfy tax withholding obligations.
- Codes: A = award/grant; F = tax withholding (share disposition to cover taxes).
Context
- This was an LTIP stock award, not an open-market purchase or a decision to sell shares for investment reasons. The withholding of shares to cover taxes is a routine administrative step and does not necessarily signal the director's view of the company's stock.
- For investors, purchases or open-market sales by insiders often carry different informational weight than routine award grants and tax withholdings.