Jackson Richard A. 4

What Happened
Richard A. Jackson, President, CEO and a Director of Occidental Petroleum (OXY), received an award of 101,833 restricted stock units (RSUs) on June 1, 2026. The RSUs were granted at $0.00 (i.e., no cash purchase) and represent contingent rights to receive one share of common stock per RSU upon vesting. The filing lists the grant as an award (transaction code A).

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (timely filing).
• Grant: 101,833 RSUs at $0.00 (no cash consideration).
• Vesting: RSUs vest in three equal annual installments beginning May 31, 2027 (per footnote).
• Footnotes: Award made under the Issuer's Amended and Restated 2015 Long-Term Incentive Plan; based on a plan statement dated June 1, 2026.
• Shares owned after transaction: not specified in the filing.

Context
RSUs are a form of compensation, not an open-market purchase or sale; the award itself doesn't represent an immediate cash outlay or sale of shares. The eventual value to the insider will depend on Occidental's share price when each tranche vests and any applicable tax withholding, which can reduce the number of shares ultimately delivered. Such grants are common for executive compensation and should be viewed as compensation-related rather than a direct signal of a personal buy or sell.