Form 4: Andrew Bremner Acquires CRC Restricted Stock Units

Andrew Bremner, a Director at California Resources Corp (CRC), was granted 3,091 restricted stock units (RSUs) on April 30, 2026.

Summary

• Director Andrew B. Bremner acquired 3,091 restricted stock units (RSUs) of California Resources Corp (CRC) on April 30, 2026.
• These RSUs represent a contingent right to receive one share of Common Stock per unit.
• The RSUs are scheduled to vest on April 30, 2027.
• Settlement of the RSUs in shares of Common Stock will occur three months and one day after Mr. Bremner's separation from service, subject to certain exceptions.
• Following this transaction, Mr. Bremner beneficially owns 30,982 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard compensation grant to a director rather than a significant strategic or financial development.

Positives

• Grant of restricted stock units to a director, indicating potential alignment of management interests with shareholders.
• The grant is a form of long-term incentive compensation, suggesting a commitment to retaining key leadership.

Risks

• The RSUs are subject to vesting conditions and potential forfeiture upon separation from service.
• The ultimate settlement of shares is contingent on future events (separation from service and subsequent waiting period).

Future Outlook

The RSUs will vest on April 30, 2027, and will be settled in shares of Common Stock on the date that is three months and one day following the Reporting Person's separation from service, subject to certain exceptions.

Industry Context

StockSavvy.ai notes that the issuance of restricted stock units to directors is a common practice in the energy sector, including for companies like California Resources Corp, as a method to incentivize long-term performance and align executive interests with shareholders.

Stakeholder Impact

• Shareholders: The grant of RSUs can be viewed positively as it aligns director compensation with long-term company performance and share value.
• Employees: This filing does not directly impact employees, but it reflects standard compensation practices for senior leadership.
• Management: The RSUs serve as an incentive for the director to remain with the company and contribute to its success until vesting and settlement.

Next Steps

• Vesting of RSUs on April 30, 2027.
• Settlement of RSUs in Common Stock following the Reporting Person's separation from service.

Key Dates

Keywords

California Resources Corp, CRC, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, Beneficial Ownership