Jay A. Bys - 25 Jan 2024 Form 4 Insider Report for California Resources Corp (CRC)

Role
EVP & Chief Commercial Officer
Signature
/s/ Ulrik Damborg, Attorney-in-Fact for Jay A. Bys
Issuer symbol
CRC
Transactions as of
25 Jan 2024
Transactions value $
-$2,744,076
Form type
4
Filing time
29 Jan 2024, 19:51:48 UTC
Previous filing
27 Feb 2023
Next filing
26 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRC Common Stock Options Exercise +61.3K +64.45% 156K 25 Jan 2024 Direct F1
transaction CRC Common Stock Tax liability -$1.42M -27.5K -17.59% $51.53 129K 25 Jan 2024 Direct F2
transaction CRC Common Stock Tax liability -$1.33M -25.7K -19.97% $51.53 103K 25 Jan 2024 Direct F3

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 -61.3K -100% 0 25 Jan 2024 Common Stock 61.3K 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 May 12, 2021. Pursuant to the terms of the PSU award, settlement will occur within 45 days following the end of the performance period.
F2 Represents shares cancelled for payment of taxes on vested PSUs.
F3 Represents shares cancelled for payment of taxes on vested restricted stock units.