Peterson Robert L 4

What Happened Robert L. Peterson, Senior Vice President of Occidental Petroleum (OXY), received 16,817 shares of common stock upon the vesting of a performance stock unit award on February 18, 2026 (grant/award, code A). Simultaneously, 6,655 shares were withheld to satisfy tax withholding obligations at $47.11 per share, a withholding value of $313,517 (disposition, code F). The award shares have an acquisition price of $0.00 because they were issued on vesting.

Key Details

• Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (timely).
• Award received: 16,817 shares (performance stock unit vesting under the 2015 Long‑Term Incentive Plan; footnote F1).
• Shares withheld for taxes: 6,655 shares at $47.11 per share = $313,517 (footnote F2).
• Acquisition price reported for award: $0.00 (award on vesting).
• Plan reference: Based on a plan statement dated February 18, 2026 (footnote F3).
• Filing remarks: Exhibit 24 — Power of Attorney. No indication of a late filing in this report.

Context

• This was an award vesting event, not an open‑market purchase or a voluntary sale; withholding of shares for taxes is a routine administrative disposition and does not necessarily indicate sentiment about the stock.
• For retail investors: awards increase insider ownership when net of withheld shares; the withheld shares here simply satisfied tax obligations on the vested award.