Michael L. Preston - Feb 22, 2024 Form 4 Insider Report for California Resources Corp (CRC)

Role
EVP, Chf Strategy Officer & GC
Signature
/s/ Ulrik Damborg, Attorney-in-Fact for Michael L. Preston
Stock symbol
CRC
Transactions as of
Feb 22, 2024
Transactions value $
-$428,054
Form type
4
Date filed
2/26/2024, 06:06 PM
Previous filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRC Common Stock Award $0 +19K +16.66% $0.00 133K Feb 22, 2024 Direct F1
transaction CRC Common Stock Tax liability -$428K -7.92K -5.96% $54.02 125K Feb 23, 2024 Direct F2
* 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. These RSUs will vest in three equal annual installments on each of February 22, 2025, 2026 and 2027.
F2 Represents RSUs surrendered to satisfy tax withholding for RSUs that vested on February 23, 2024.