secwatch.observer — SEC 8-K summary
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Issuer:     OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK:        0000797468
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001140361-22-035495
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Occidental General Counsel Marcia Backus to retire; transition through mid-2024
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- Backus departs as SVP, GC & CCO on Dec 31, 2022; becomes Exec Adviser–Legal until Mar 1, 2023.
- Will provide consulting services from Mar 1, 2023 through June 30, 2024.
- Monthly payment of $131,250 from Jan 1, 2023 to June 30, 2024 ($23.625M total).
- Accelerated vesting of time-based equity; continued vesting of performance-based equity awards.
- No annual bonus or equity compensation for fiscal years 2023 and 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/797468/000114036122035495/0001140361-22-035495-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/797468/000114036122035495/brhc10042514_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-035495

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer