Form 4: California Resources Corp CEO Francisco Leon Sells 7,500 Shares
SEC Form 4
Francisco Leon, President and CEO of California Resources Corp, sold 7,500 shares of common stock on September 5, 2024, at a weighted average price of $49.1838.
Summary
- On September 5, 2024, Francisco Leon, the President and CEO of California Resources Corp (CRC), sold 7,500 shares of CRC common stock.
- The sale was executed at a weighted average price of $49.1838 per share.
- The transactions occurred automatically under a pre-arranged Rule 10b5-1 trading plan adopted on June 6, 2024.
- Following the transaction, Leon directly owns 166,357 shares of CRC common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding an insider stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although the sale was pre-planned.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 09/05/2024 | Date of the transaction (stock sale) |
| 09/06/2024 | Date of the Form 4 filing |
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