Francisco Leon - Jan 25, 2024 Form 4 Insider Report for California Resources Corp (CRC)

Role
President and CEO
Signature
/s/ Ulrik Damborg, Attorney-in-Fact for Francisco Leon
Stock symbol
CRC
Transactions as of
Jan 25, 2024
Transactions value $
-$4,473,113
Form type
4
Date filed
1/29/2024, 07:51 PM
Previous filing
Feb 27, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRC Common Stock Options Exercise +83.1K +53.71% 238K Jan 25, 2024 Direct F1, F2
transaction CRC Common Stock Tax liability -$2.31M -44.8K -18.83% $51.53 193K Jan 25, 2024 Direct F3
transaction CRC Common Stock Tax liability -$2.17M -42K -21.76% $51.53 151K Jan 25, 2024 Direct F4

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
transaction CRC Performance Stock Units Options Exercise -83.1K -100% 0 Jan 25, 2024 Common Stock 83.1K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of performance stock units ("PSUs") granted on January 25, 2021. Pursuant to the terms of the PSU award, settlement will occur within 45 days following the end of the three-year performance period.
F2 Includes 141 shares acquired under the California Resources Corporation Employee Stock Purchase Plan on March 31, 2023.
F3 Represents shares cancelled for payment of taxes on vested PSUs.
F4 Represents shares cancelled for payment of taxes on vested restricted stock units.