Form 4: California Resources Corp Director Cepak Receives Stock Grant

Tiffany Thom Cepak, a director at California Resources Corp, received a grant of 9,259 restricted stock units on May 2, 2025.

Summary

• On May 2, 2025, Tiffany Thom Cepak, a director of California Resources Corp, was granted 9,259 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of 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 Cepak's separation from service.
• Following the transaction, Cepak beneficially owns 81,302 shares of Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock grants, so the sentiment is neutral.

Future Outlook

The RSUs will vest on May 2, 2026, and will be settled in shares of Common Stock three months and one day following the Reporting Person's separation from service, subject to certain exceptions.

Industry Context

This is a standard SEC Form 4 filing, indicating a change in beneficial ownership of securities by a company insider. Such filings are common and provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The grant of RSUs to a director aligns the director's interests with those of the shareholders.

Key Dates

Keywords

restricted stock units, Form 4, director, Cepak, California Resources Corp, RSUs, stock grant, beneficial ownership