Form 4: SEC Form 4: Roby Acquires RSUs in California Resources Corp

William B. Roby, a Director at California Resources Corp (CRC), was granted 3,091 Restricted Stock Units (RSUs) on April 30, 2026.

Summary

• William B. Roby, 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 will occur three months and one day after the Reporting Person's separation from service, subject to certain exceptions.
• Following this transaction, Roby beneficially owns 60,270.214 shares of Common Stock directly.

Sentiment

Score: 5

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

Positives

• Director acquisition of equity awards can signal confidence in the company's future performance.
• The grant of RSUs indicates a long-term incentive structure for the director.

Risks

• The RSUs are subject to vesting conditions and may be forfeited if the reporting person separates from service before the vesting date.
• The settlement of RSUs is contingent on the reporting person's separation from service, introducing timing uncertainty for share receipt.

Future Outlook

The RSUs granted will vest on April 30, 2027, and will be settled in shares of Common Stock on the date that is three months and one day following the Reporting Person's separation from service, subject to certain exceptions.

Industry Context

StockSavvy.ai notes that grants of equity awards like RSUs to directors are a common practice in the energy sector, particularly for companies like California Resources Corp, to align executive and director interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director is a standard compensation practice that aligns director interests with long-term shareholder value. The eventual settlement in shares could slightly increase the number of outstanding shares.

Next Steps

• Vesting of RSUs on April 30, 2027.
• Settlement of RSUs in Common Stock following the Reporting Person's separation from service.

Key Dates

Keywords

SEC Form 4, California Resources Corp, CRC, William B. Roby, Restricted Stock Units, RSUs, Director, Equity Award, Beneficial Ownership