Company: OXY-WT
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0000797468-25-000054
Chunk: 69

Company: OCCIDENTAL PETROLEUM CORP /DE/
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 69
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stricted sharesat target level,subject tocontinued servicevesting.(10) | Award vests atgreater of targetlevel or actualperformance. |
| NQSO, SAR    | Award vests in full.                              | Award vests on a pro-rata basis.                                                                                                                                                              | Award vestsin full.                                         | Award vestson a pro-ratabasis.                              | No effect.                                                                                     | Award vestsin full.                                        |

(2) For Ms. Hollub and Mr. Dillon, assumes an Eligible Retirement under our Retirement Policy because such NEOs have qualified for Eligible Retirement as of December 31, 2024 based on their age and years of service (actual retirement treatment is subject to their compliance with the other requirements of our Retirement Policy, as described above). For the other NEOs, assumes retirement with Occidental consent under the terms of outstanding equity awards, which is not an Eligible Retirement under our Retirement Policy. (3) Applicable to involuntary terminations without cause as defined in the Severance Plan. (4) A qualifying termination means a termination by Occidental other than for “cause” or a termination by the NEO for “good reason” (in each case, as defined in the CIC Severance Plan) within 24 months following the date of the “change in control” (as defined in the CIC Severance Plan). (5) The dollar amounts shown represent the value realized upon the vesting of the RSU awards upon the occurrence of the applicable potential payment event, which is equal to the product of Occidental’s year-end closing stock price and the number of shares that vest in accordance with the terms of the applicable award. (6) The dollar amounts shown represent the value realized upon the vesting of the 2023 and 2024 CROCE awards upon the occurrence of the applicable potential payment event, which is equal to the product of Occidental’s year-end closing stock price and the number of shares that vest in accordance with the terms of the applicable award. Shares that vest in connection with these termination scenarios are subject to the actual attainment of the applicable performance goal, which have been estimated for purposes of this table based on Occidental’s performance through December 31, 2024 at above-target performance for the 2023 and 2024 CROCE awards. (7) No payout of the 2023 and 2024 TSR awards is shown in connection with the NEOs’ retirement, disability, death or termination without cause because the underlying performance goals were trending