Form 4: CRC Officer's RSU Tax Withholding
Insider Transaction Report
California Resources Corp's EVP & COO, Omar Hayat, surrendered 3,471 shares for tax withholding related to RSU vesting.
Summary
- Omar Hayat, Executive Vice President & Chief Operating Officer of California Resources Corp (CRC), reported a transaction involving common stock.
- On February 25, 2026, 3,471 shares of common stock were disposed of at a price of $58.12 per share.
- This disposition was specifically for tax withholding purposes, satisfying obligations for Restricted Stock Units (RSUs) that vested on the same date.
- Following this transaction, Omar Hayat directly beneficially owns 88,909 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a standard tax-related disposition of vested executive compensation, with no direct positive or negative implications for the company's operational performance or future prospects.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine insider transactions like tax-related dispositions of vested RSUs are common across industries and typically do not signal significant operational or strategic shifts for the company. They are standard compensation events.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine compensation-related transaction for an executive.
Key Dates
| Date | Description |
|---|---|
| 02/25/2026 | Date of RSU vesting and the associated transaction for tax withholding. |
| 02/27/2026 | Date the Form 4 was filed with the SEC. |
Keywords
California Resources Corp, CRC, Omar Hayat, Form 4, Insider Transaction, RSU, Restricted Stock Units, Tax Withholding, Executive Compensation
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