Form 4: California Resources Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Omar Hayat, EVP Operations at California Resources Corp, disposed of 4,262 shares of common stock to cover tax obligations related to vested restricted stock units.
Summary
- On June 19, 2024, Omar Hayat, EVP Operations at California Resources Corp, disposed of 4,262 shares of common stock.
- The transaction was executed at a price of $50.31 per share.
- The disposal was related to the payment of taxes on vested restricted stock units.
- Following the transaction, Omar Hayat beneficially owns 46,956 shares of California Resources Corp.
- The transaction was reported on Form 4, filed with the SEC on June 21, 2024.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't indicate positive or negative sentiment towards the company's future prospects.
Industry Context
Executive stock transactions are common and often related to compensation and tax planning. This transaction is a routine disclosure and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/19/2024 | Date of transaction: Omar Hayat disposed of shares. |
| 06/21/2024 | Date of SEC filing: Form 4 was filed. |
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