Form 4: California Resources EVP Sells Shares for Tax

California Resources Corp's EVP & Chief Commercial Officer, Jay A. Bys, disposed of 2,809 common shares to cover tax withholdings on vested restricted stock units.

Summary

• Jay A. Bys, Executive Vice President & Chief Commercial Officer of California Resources Corp (CRC), reported a transaction on February 25, 2026.
• The transaction involved the disposition of 2,809 shares of common stock.
• These shares were surrendered to satisfy tax withholding obligations related to restricted stock units (RSUs) that vested on the same date.
• The shares were disposed of at a price of $58.12 per share.
• Following this transaction, Jay A. Bys beneficially owns 167,281 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, non-discretionary transaction for tax purposes and does not indicate any change in the company's fundamentals or the insider's confidence.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings on vested equity, are a routine part of executive compensation and do not typically reflect a change in an insider's investment sentiment or the company's operational outlook. This is a standard compliance filing for a publicly traded company executive.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a voluntary sale indicating a change in sentiment.

Key Dates

Keywords

California Resources Corp, CRC, Jay A. Bys, Insider Transaction, Form 4, Restricted Stock Units, RSU, Tax Withholding, Common Stock