Form 4: California Resources Corp: Officer Noelle M. Repetti Reports Stock Transactions

Senior VP and Controller Noelle M. Repetti reports acquisition and disposal of California Resources Corp (CRC) stock related to vesting of restricted stock units (RSUs) and performance stock units (PSUs), as well as a new RSU grant.

Summary

• Noelle M. Repetti, Senior VP and Controller of California Resources Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 22, 2025, 682 shares of common stock were disposed of to cover tax withholding for vested RSUs at a price of $47.35.
• On February 23, 2025, 7,391 shares were acquired related to the vesting of PSUs granted on February 23, 2023.
• An additional 5,803 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, 4,247 RSUs were granted, vesting in three equal annual installments starting February 25, 2026.
• Following these transactions, Repetti directly owns 13,684 shares of California Resources Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The vesting of PSUs indicates that performance criteria were met, which could be viewed positively.

Future Outlook

The newly 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 corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily concern internal compensation matters.

Key Dates