Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 86

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 86
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 of the Amended Reserved Shares are available to be issued pursuant to incentive stock options. The foregoing limits would be subject to the adjustment provisions contained in the Amended LTIP, as described below in “ Changes in Capitalization .” Any shares of common stock issued in connection with awards other than options and stock appreciation rights would be counted against the limits described in the preceding paragraph as three shares for every one share issued in connection with such award. If an award may be settled only in cash, the award need not be counted against the share limits of the Amended LTIP. If an award expires or is canceled, forfeited, settled in cash or otherwise terminated, the shares of common stock subject to such award would again be available for grant under the Amended LTIP. However, the following would not be available for future awards under the Amended LTIP: ► shares withheld or otherwise tendered in payment of any exercise price, purchase price or taxes related to an award; ► shares subject to an option or stock appreciation right that was exercised; and ► shares repurchased on the open market with the proceeds of an option’s exercise price. Common stock issued under the Amended LTIP may come from authorized but unissued shares of common stock, from treasury stock held by Occidental or from previously issued shares of common stock reacquired by Occidental, including shares purchased on the open market.

| 2025Proxy Statement |
| 73                  |

Table of Contents Proposal 4: Approval of Occidental’s Amended and Restated 2015 Long-Term Incentive Plan Individual Award Limits. The Amended LTIP would continue the following limits on the maximum number or amount of awards that may be granted to certain individuals during any calendar year: ► 1 million share limit with respect to share-based awards to any named executive officer in any calendar year ► $15 million limit with respect to cash-based awards to any named executive officer in any calendar year ► 2 million share limit with respect to options and stock appreciation rights granted t o any participant in any calendar year ► 50,000 share limit with respect to share-based awards granted to any non-employee director in any calendar year Consistent with the existing LTIP, these share limits would be subject to the adjustment provisions described below in “ Changes in Capitalization ,” but would not be subject to the share counting rules that apply to the overall share pool. TYPES OF AWARDS The following types of awards may be granted on the terms and conditions set forth in the Amended LTIP