Jackson Richard A. 4

What Happened Richard A. Jackson, Senior Vice President and Chief Operating Officer of Occidental Petroleum (OXY), received 18,393 shares of common stock on February 18, 2026 as the vesting of a performance stock unit award. To satisfy tax withholding obligations, 7,268 of those shares were withheld at an effective price of $47.11 per share, resulting in withholding valued at about $342,395. The award shares were acquired (code A) and the withheld shares were treated as a disposition for tax purposes (code F).

Key Details

• Transaction date: February 18, 2026; Form 4 filed February 20, 2026.
• Award: 18,393 shares received (code A) at $0.00 reported acquisition value (grant/vest).
• Tax withholding/disposition: 7,268 shares withheld (code F) at $47.11 per share; total ~ $342,395.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 = shares received upon vesting of a PSU under the 2015 LTIP; F2 = shares withheld to satisfy tax withholding; F3 = based on a plan statement dated Feb 18, 2026.
• Filing timeliness: filing date is Feb 20, 2026 for a Feb 18 transaction; no indication in the filing summary that it was late.

Context This was not an open-market sale or a discretionary insider sale — it was the vesting of performance-based restricted stock (PSUs) with shares withheld to cover taxes, a common administrative action. Tax-withheld shares (code F) reduce the net shares received but do not necessarily signal a change in the insider’s view of the company.