Form 4: CRC COO Omar Hayat Files Future RSU Tax Withholding

California Resources Corp's EVP & COO, Omar Hayat, reported a future disposition of 2,951 common shares to cover tax withholding for RSUs vesting on February 22, 2026.

Summary

• Omar Hayat, EVP & Chief Operating Officer of California Resources Corp (CRC), reported a transaction involving the company's common stock.
• The transaction, dated February 22, 2026, involved the disposition of 2,951 shares.
• These shares were surrendered to the issuer to satisfy tax withholding obligations related to Restricted Stock Units (RSUs) that are scheduled to vest on the same date.
• The price per share for the disposition was $59.22.
• Following this reported transaction, Omar Hayat will beneficially own 92,087 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard and expected part of executive compensation related to RSU vesting and tax obligations.

Positives

• The transaction is a routine tax withholding event, indicating the vesting of previously granted Restricted Stock Units (RSUs) for a key executive.
• The executive continues to hold a significant number of shares (92,087), aligning their interests with shareholders.

Negatives

• The disposition of shares, even for tax purposes, reduces the executive's direct ownership slightly.

Future Outlook

The filing indicates a future RSU vesting and tax withholding event scheduled for February 22, 2026, which is a routine part of executive compensation plans.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as dispositions for tax withholding upon RSU vesting, are common across all industries and typically do not signal a change in company fundamentals or executive sentiment. This transaction reflects standard executive compensation practices within the energy sector.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine executive compensation event. The executive's continued significant ownership aligns interests.
• Employees: No direct impact.

Key Dates

Keywords

California Resources Corp, CRC, Omar Hayat, Form 4, Insider Transaction, RSU Vesting, Tax Withholding, Common Stock, Executive Compensation