Form 4: California Resources Corp Director James N. Chapman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director James N. Chapman reports acquisition of restricted stock units and disposal of common stock.
Summary
- James N. Chapman, a director of California Resources Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 2, 2025, Chapman acquired 5,698 restricted stock units (RSUs).
- Each RSU represents a contingent right to receive one share of Common Stock.
- These 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.
- Chapman also disposed of 49,160.419 shares of Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company director, with no inherent positive or negative sentiment.
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 a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of transaction: Acquisition of RSUs and disposal of Common Stock |
| 05/02/2026 | Vesting date of RSUs |
| 05/06/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Beneficial Ownership, California Resources Corp, CRC, James N. Chapman, Restricted Stock Units, RSUs, Director
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