Form 4: CRC CFO Crespy Sells Shares for Tax Withholding

California Resources Corp EVP and CFO Clio C. Crespy disposed of 3,404 shares of common stock to cover tax withholding obligations related to RSU vesting.

Summary

• Clio C. Crespy, Executive Vice President and Chief Financial Officer of California Resources Corp (CRC), disposed of 3,404 shares of common stock.
• The transaction took place on February 25, 2026, at a price of $58.12 per share.
• This disposition was a non-discretionary transaction (Code 'F') to satisfy tax withholding obligations for restricted stock units (RSUs) that vested on the same date.
• Following this transaction, Crespy beneficially owns 81,039 shares of California Resources Corp common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is a routine, non-discretionary transaction to cover tax obligations upon RSU vesting and does not indicate a change in insider sentiment or company fundamentals.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly non-discretionary sales for tax withholding purposes, are common occurrences in the executive compensation landscape across all industries. They typically do not reflect a change in management's outlook on the company's performance or a strategic shift, unlike open market purchases or discretionary sales.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company prospects or insider confidence.

Key Dates

Keywords

California Resources Corp, CRC, Clio C. Crespy, EVP and CFO, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, RSU Vesting