CRC (NYSE: CRC) COO receives 16,327-share RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hayat Omar reported acquisition or exercise transactions in this Form 4 filing.
California Resources Corp executive Omar Hayat, EVP & Chief Operating Officer, received an equity award in the form of 16,327 shares of Common Stock on March 2, 2026, reported at a price of $0.0000 per share.
According to the footnote, this represents a grant of restricted stock units (RSUs), each convertible into one share of Common Stock, vesting in three equal annual installments on March 2, 2027, 2028, and 2029. Following this grant, Hayat directly holds 105,236 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hayat Omar
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,327 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 105,236 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did CRC executive Omar Hayat report on Form 4?
Omar Hayat reported receiving an equity award of 16,327 shares of California Resources Corp Common Stock. The award is structured as restricted stock units that convert one-for-one into shares, with vesting spread over three annual dates beginning in 2027.
How many restricted stock units did CRC grant to EVP & Chief Operating Officer Omar Hayat?
CRC granted Omar Hayat 16,327 restricted stock units. Each RSU represents a contingent right to receive one share of Common Stock, with the units vesting in three equal annual installments on March 2, 2027, March 2, 2028, and March 2, 2029.
When do Omar Hayat’s CRC restricted stock units vest?
The restricted stock units granted to Omar Hayat vest in three equal annual installments. The vesting dates are March 2, 2027, March 2, 2028, and March 2, 2029, subject to the typical conditions associated with such equity compensation awards.
Is Omar Hayat’s CRC Form 4 transaction a purchase or an equity award?
The filing shows an equity award, not an open-market share purchase. The transaction code is “A” for a grant or award, representing 16,327 restricted stock units that convert into Common Stock upon vesting over three annual installments starting in 2027.