Form 4: CRC Executive Sells Shares for Tax Withholding

California Resources Corp's EVP & Chief Commercial Officer, Jay A. Bys, disposed of 2,625 shares of common stock to cover tax obligations related to RSU vesting.

Summary

• Jay A. Bys, Executive Vice President & Chief Commercial Officer of California Resources Corp (CRC), reported a transaction on February 22, 2026.
• The transaction involved the disposition of 2,625 shares of Common Stock.
• The shares were surrendered to satisfy tax withholding obligations for Restricted Stock Units (RSUs) that vested on the same date.
• The price per share for the disposition was $59.22.
• Following this transaction, Jay A. Bys beneficially owns 166,010 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale is a non-discretionary transaction for tax purposes rather than a reflection of insider sentiment regarding the company's future performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider sales for tax withholding purposes are common and generally do not reflect a change in management's outlook on the company's prospects. This type of transaction is a standard part of executive compensation plans involving equity awards.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary sale of shares by an executive to cover tax liabilities upon RSU vesting. Such transactions do not typically signal a change in the company's fundamental outlook or the executive's confidence, thus providing no new information to warrant a change from a 'hold' recommendation.

Keywords

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