Form 4: California Resources Corp Director Christian S. Kendall Reports Changes in Beneficial Ownership

Director Christian S. Kendall reports acquisition of 5,698 shares of California Resources Corp common stock through restricted stock units.

Summary

• On May 2, 2025, Christian S. Kendall, a director of California Resources Corp, acquired 5,698 shares of common stock through a grant of 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, 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.
• Following the transaction, Kendall directly owns 30,298 shares of California Resources Corp common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing about stock ownership changes.

Positives

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

Future Outlook

The RSUs will vest on May 2, 2026, 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.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates

Keywords

beneficial ownership, Form 4, California Resources Corp, CRC, director, Christian S. Kendall, restricted stock units, RSUs, common stock, insider trading