Form 4: California Resources Corp EVP and CFO, Clio C. Crespy, Reports Acquisition of Shares Through RSU Grant

Clio C. Crespy, EVP and CFO of California Resources Corp, reports acquiring 20,638 shares of common stock through a grant of Restricted Stock Units (RSUs) on February 25, 2025.

Summary

• On February 25, 2025, Clio C. Crespy, the EVP and CFO of California Resources Corp, filed a Form 4.
• The filing reports the acquisition of 20,638 shares of California Resources Corp common stock.
• These shares were acquired through a grant of Restricted Stock Units (RSUs).
• The RSUs vest in three equal annual installments starting February 25, 2026, and continuing in 2027 and 2028.
• Following the reported transaction, Crespy beneficially owns 47,021 shares of California Resources Corp.
• The transaction was signed by Ulrik Damborg, as Attorney-in-Fact for Clio C. Crespy.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The RSU grant indicates confidence in the company's future, but it's a standard executive compensation practice.

Positives

• The RSU grant aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The vesting schedule of the RSUs indicates a multi-year commitment by the executive to the company's success.

Industry Context

RSU grants are a common form of executive compensation in the energy industry, aligning management incentives with shareholder value.

Stakeholder Impact

• The RSU grant aligns management's interests with those of shareholders, potentially leading to increased shareholder value.

Key Dates