Omar Hayat - Jun 19, 2023 Form 3 Insider Report for California Resources Corp (CRC)

Role
EVP - Operations
Signature
/s/ Ulrik Damborg, Attorney-in-Fact for Omar Hayat
Stock symbol
CRC
Transactions as of
Jun 19, 2023
Transactions value $
$0
Form type
3
Date filed
6/20/2023, 05:33 PM
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CRC Common Stock 12K Jun 19, 2023 Direct F1
holding CRC Common Stock 2.84K Jun 19, 2023 Direct F2
holding CRC Common Stock 1.89K Jun 19, 2023 Direct F3
holding CRC Common Stock 281 Jun 19, 2023 Direct F4
holding CRC Common Stock 187 Jun 19, 2023 Direct F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CRC Performance Stock Units Jun 19, 2023 Common Stock 12.6K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. 6,947 RSUs have already vested; the remainder will vest on January 25, 2024.
F2 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in three equal installments on each of February 23, 2024, 2025 and 2026.
F3 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in two equal installments on each of February 23, 2024 and 2025.
F4 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in three equal installments on each of June 8, 2024, 2025 and 2026.
F5 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in two equal installments on each of June 8, 2024 and 2025.
F6 Represents the target number of performance stock units ("PSUs") granted on January 25, 2021. Each PSU represents a contingent right to receive one share of Common Stock. The actual number of PSUs that vest and become earned is based on the volume-weighted average price of a share of Common Stock as determined over any 60 consecutive trading days during the three-year performance period, and, subject to certain exceptions, will be settled in shares of Common Stock within 45 days following the end of the three-year performance period.