Michael L. Preston - Feb 22, 2025 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, 2025
Transactions value $
-$1,420,784
Form type
4
Date filed
2/25/2025, 05:01 PM
Previous filing
Dec 13, 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 Tax liability -$161K -3.41K -8.12% $47.35 38.5K Feb 22, 2025 Direct F1
transaction CRC Common Stock Award $0 +34.5K +89.52% $0.00 73K Feb 23, 2025 Direct F2
transaction CRC Common Stock Tax liability -$1.26M -26.6K -36.42% $47.35 46.4K Feb 23, 2025 Direct F3
transaction CRC Common Stock Award $0 +22.7K +48.79% $0.00 69.1K Feb 25, 2025 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units ("RSUs") surrendered to satisfy tax withholding for RSUs that vested on February 22, 2025.
F2 Represents performance stock units ("PSUs") granted on February 23, 2023, whose performance criteria were certified on February 23, 2025.
F3 Represents RSUs and PSUs surrendered to satisfy tax withholding for RSUs and PSUs that vested on February 23, 2025.
F4 Represents grant of 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 25, 2026, 2027 and 2028.