Form 4: CRC Executive Gould Surrenders RSUs for Tax

California Resources Corp's EVP & Chief Sustainability Officer, Christopher D. Gould, surrendered 3,147 restricted stock units to cover tax withholding obligations.

Summary

• Christopher D. Gould, EVP & Chief Sustainability Officer of California Resources Corp (CRC), surrendered 3,147 shares of common stock.
• The shares were surrendered to satisfy tax withholding requirements for restricted stock units (RSUs) that vested on February 25, 2026.
• The shares were valued at $58.12 each for tax purposes.
• Following this transaction, Gould beneficially owns 138,422 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative transaction related to executive compensation rather than a discretionary sale or purchase.

Positives

• The vesting of RSUs indicates a retention and compensation mechanism for a key executive, aligning interests with shareholders.

Negatives

• The surrender of shares for tax withholding reduces the executive's direct ownership, though this is a standard and expected practice for RSU vesting.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that this Form 4 filing details a routine executive compensation event, specifically the tax withholding associated with RSU vesting. Such transactions are common across all industries for executives receiving equity-based compensation and do not reflect specific industry trends for the energy sector.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale. It reflects the ongoing compensation structure for a key executive.
• Employees: No direct impact.

Key Dates

Keywords

California Resources Corp, CRC, Christopher D. Gould, Form 4, SEC filing, restricted stock units, RSUs, tax withholding, executive compensation, insider transaction