Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 84

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 84
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,800,000 | 0.57%        |
|      |                                                      |                                |                                           |                 Three-Year Average | 0.53%        |

(1) Represents the quotient of (x) the number of total shares underlying equity awards granted (or, for performance-based awards, equity awards earned) in such fiscal year and (y) the weighted average shares outstanding during such year. The requested share reserve was determined in part based on our average burn rate over the last three years, in order to give Occidental flexibility to make equity-based and other awards over the next few years in amounts determined appropriate by the Compensation Committee of the Board. If the stock price of Occidental’s common stock continues to fluctuate as it has been in our current macroeconomic environment, or if we experience other unforeseen circumstances such as increased competition for hiring key talent, the expected time horizon for the duration of the amended share reserve may change, and we may need to adjust our equity grant practices accordingly.

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Proposal 4: Approval of Occidental’s Amended and Restated 2015 Long-Term Incentive Plan Summary of the Amended LTIP Awards. Consistent with the existing LTIP, the Amended LTIP would provide for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, bonus stock, dividend equivalents, other stock-based awards, cash awards and performance awards. Administration. The Amended LTIP would be administered by the Compensation Committee, except to the extent the Board elects to administer the Amended LTIP. The Board administers all grants to non-employee directors and sets the terms of such grants. Subject to the terms of the Amended LTIP and applicable law, the Compensation Committee has the authority to: ► determine the eligible individuals to receive awards and the times at which such awards are granted; ► grant awards and determine the type or types of awards to be granted to any eligible individual and the amount of cash and/or number of shares subject to each award; ► determine the terms and conditions of any award; ► modify, waive or adjust any term or condition of an award; ► interpret and administer the Amended LTIP and any award agreement or other instrument relating to an award made under the Amended LTIP; ► establish, amend, suspend or waive such rules and regulations as it deems appropriate for the proper administration of the Amended LTIP; ► adopt supplements or sub-plans as may be necessary to comply with applicable laws of foreign jurisdictions; ►