Form 4: SEC Form 4: Chapman Acquires CRC RSUs

James N. Chapman, a Director at California Resources Corp (CRC), was granted restricted stock units (RSUs) on April 30, 2026.

Summary

• James N. Chapman, a Director of California Resources Corp (CRC), acquired 3,091 restricted stock units (RSUs) on April 30, 2026.
• These RSUs represent a contingent right to receive one share of Common Stock per unit.
• The RSUs are scheduled to vest on April 30, 2027.
• Settlement of the RSUs in shares of Common Stock is expected to occur three months and one day after Mr. Chapman's separation from service, subject to certain exceptions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard compensation grant to a director rather than a significant financial transaction or strategic shift.

Positives

• Director James N. Chapman has been granted equity in the company, aligning his interests with shareholders.
• The grant of 3,091 RSUs indicates continued investment in key personnel.

Risks

• The RSUs are subject to vesting conditions, meaning they may not be fully realized if certain conditions are not met.
• Settlement is contingent on the reporting person's separation from service, introducing an element of uncertainty regarding the timing of share delivery.

Future Outlook

The RSUs will vest on April 30, 2027, and will be settled in shares of Common Stock three months and one day after the reporting person's separation from service, subject to certain exceptions.

Industry Context

StockSavvy.ai notes that grants of Restricted Stock Units (RSUs) to directors are a common form of executive compensation in the energy sector, designed to incentivize long-term performance and align management interests with those of shareholders.

Stakeholder Impact

• Shareholders: The grant aligns director incentives with long-term shareholder value, as the value of the RSUs is tied to the company's stock performance.
• Employees: This transaction is specific to a director and does not directly impact other employees.
• Management: Reinforces compensation structures for key leadership.

Next Steps

• Vesting of RSUs on April 30, 2027.
• Settlement of RSUs in Common Stock following separation from service.

Key Dates

Keywords

SEC Form 4, California Resources Corp, CRC, James N. Chapman, Restricted Stock Units, RSUs, Insider Trading, Equity Grant, Director Compensation