Form 4: California Resources Corp Executive Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Omar Hayat, EVP Operations at California Resources Corp, disposed of 104 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On May 8, 2024, Omar Hayat, EVP Operations at California Resources Corp, disposed of 104 shares of common stock.
- The transaction was executed at a price of $50.09 per share.
- The disposal was related to the payment of taxes on vested restricted stock units.
- Following the transaction, Hayat directly owns 51,218 shares of California Resources Corp.
- The transaction was reported on May 10, 2024.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, and it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of stock disposal transaction. |
| 05/10/2024 | Date of Form 4 filing. |
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