Form 4: CRC CFO Crespy Sells Stock for Tax Withholding

California Resources Corp's EVP and CFO, Clio C. Crespy, disposed of 4,933 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Clio C. Crespy, Executive Vice President and Chief Financial Officer of California Resources Corp (CRC), reported a transaction involving the company's common stock.
• On January 1, 2026, Crespy disposed of 4,933 shares of common stock at a price of $44.71 per share.
• This transaction was identified as a surrender of restricted stock units to satisfy tax withholding requirements for restricted stock units that vested on the same date.
• Following this transaction, Crespy beneficially owns 84,443 shares of California Resources Corp common stock directly.
• The transaction was made pursuant to a Rule 10b5-1 plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neutral in sentiment and does not indicate positive or negative company performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries when restricted stock units vest. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary sale for tax purposes and does not signal a change in management's confidence or company fundamentals.

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, Executive Compensation