Form 4: Tiffany Thom Cepak Acquires California Resources Corp RSUs

Tiffany Thom Cepak, a Director at California Resources Corp, was granted 5,023 restricted stock units on April 30, 2026.

Summary

• Tiffany Thom Cepak, a Director of California Resources Corp (CRC), acquired 5,023 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, Cepak beneficially owns 86,325 shares of Common Stock.

Sentiment

Score: 5

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

Positives

• Director Tiffany Thom Cepak has received a grant of restricted stock units, indicating continued alignment with the company's performance.
• The grant of 5,023 RSUs suggests management confidence and a long-term incentive structure.

Risks

• The RSUs are subject to vesting conditions and will only be settled after separation from service, meaning the shares are not immediately available.
• There is a risk that the reporting person may not remain with the company until the vesting date of April 30, 2027, forfeiting the RSUs.

Future Outlook

The RSUs are set to 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 exceptions.

Industry Context

StockSavvy.ai notes that grants of restricted stock units to directors are a common practice in the energy sector, including 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 company performance. The eventual issuance of shares upon vesting could slightly dilute existing ownership, but this is a common and expected outcome of such grants.

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

Form 4, SEC Filing, California Resources Corp, CRC, Tiffany Thom Cepak, Restricted Stock Units, RSU Grant, Director Compensation, Insider Trading, Beneficial Ownership