Form 4: California Resources Corp EVP and CFO Manuela Molina Peralta Reports Changes in Beneficial Ownership

Manuela Molina Peralta, EVP and CFO of California Resources Corp, reports the cancellation of 3,980 common stock shares for tax obligations related to vested restricted stock units on May 8, 2024, resulting in a beneficial ownership of 35,589 shares.

Summary

• On May 8, 2024, Manuela Molina Peralta, the EVP and CFO of California Resources Corp, reported a transaction involving the cancellation of 3,980 shares of common stock.
• The shares were disposed of to cover tax obligations arising from the vesting of restricted stock units.
• The transaction price was $50.09 per share.
• Following the transaction, Molina Peralta's direct ownership of California Resources Corp common stock is 35,589 shares.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of executive stock ownership.

Key Dates