Form 4: CRC Executive Sells Shares for Tax Withholding

California Resources Corp's EVP, Chief Strategy Officer & GC, Michael L. Preston, disposed of 4,074 shares of common stock to cover tax obligations related to RSU vesting.

Summary

• Michael L. Preston, Executive Vice President, Chief Strategy Officer & General Counsel of California Resources Corp (CRC), disposed of 4,074 shares of common stock.
• The transaction occurred on February 25, 2026, with the shares valued at $58.12 per share.
• This disposition was made to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs).
• Following this transaction, Mr. Preston beneficially owns 111,457 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares is solely for tax withholding purposes related to RSU vesting and does not indicate a change in the executive's investment sentiment or the company's operational performance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings upon RSU vesting, are common occurrences across all industries and typically do not reflect a change in an executive's outlook on the company's prospects. This is a standard administrative event for executives receiving equity compensation.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine administrative transaction for tax purposes and does not reflect a change in company fundamentals or executive confidence.

Key Dates

Keywords

California Resources Corp, CRC, Michael L. Preston, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Common Stock