Form 4: California Resources Corp Director Acquires Shares Through Restricted Stock Units

Director James Ross Jackson acquired 5,698 shares of California Resources Corp through a grant of restricted stock units.

Summary

• On May 2, 2025, James Ross Jackson, a director of California Resources Corp, acquired 5,698 shares of common stock.
• The acquisition was through a grant of restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of the Issuer's Common Stock.
• The RSUs will vest on May 2, 2026.
• Subject to certain exceptions, the RSUs 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.
• Following the transaction, Jackson directly owns 9,063 shares of California Resources Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a standard transaction by a company director. The acquisition of shares can be seen as a positive sign, but it's a routine event.

Positives

• The director's acquisition of shares may signal confidence in the company's future prospects.

Future Outlook

The RSUs 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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's acquisition of shares, which is a common occurrence.

Stakeholder Impact

• Shareholders may view the director's acquisition of shares positively, as it could indicate confidence in the company's future.

Key Dates

Keywords

California Resources Corp, Director, James Ross Jackson, Form 4, Beneficial Ownership, Restricted Stock Units, CRC, Shares