Form 4: California Resources Corp Executive Omar Hayat Reports Stock Transactions

EVP of Operations, Omar Hayat, reports acquisition and disposal of California Resources Corp stock related to vesting of restricted stock units (RSUs) and performance stock units (PSUs).

Summary

• Omar Hayat, EVP Operations at California Resources Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 22, 2025, 2,861 shares of common stock were disposed of to cover tax withholding for vested RSUs at a price of $47.35.
• On February 23, 2025, 4,423 shares were acquired related to the vesting of PSUs granted on February 23, 2023.
• An additional 3,503 shares were disposed of on February 23, 2025, to cover tax withholding for vested RSUs and PSUs at a price of $47.35.
• On February 25, 2025, 19,295 RSUs were granted, vesting in three equal annual installments starting February 25, 2026.
• Following these transactions, Hayat directly owns 48,294 shares of California Resources Corp common stock.

Sentiment

Score: 6

Explanation: The document primarily reflects routine executive compensation transactions. The vesting of PSUs is a slightly positive signal, but overall the sentiment is neutral.

Positives

• The vesting of PSUs indicates that performance criteria were met, which could be seen as a positive signal.

Future Outlook

The granted RSUs will vest in three equal annual installments on each of February 25, 2026, 2027 and 2028.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The vesting of PSUs suggests the company met certain performance targets.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a positive sign of company performance.
• Employees may be impacted by the vesting of RSUs and PSUs as part of their compensation packages.

Key Dates