STOCK TITAN
  1. Home
  2. Sec-filings
  3. CRC
  4. [Form 4] California Resources Corp Insider Trading Activity

CRC (NYSE: CRC) COO logs stock unit vesting and 6,084-share tax withholding

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

California Resources Corp executive vice president and chief operating officer Omar Hayat reported equity compensation activity tied to stock unit vesting. On June 19, 2026, performance stock units granted on June 19, 2023 vested, resulting in an award of 7,312 shares of common stock at a stated price of $0.00 per share. To cover tax withholding on the vesting of performance and restricted stock units, 2,139 shares and 3,945 shares of common stock were surrendered at $55.30 per share, respectively, as tax-withholding dispositions rather than open-market sales. Following these transactions, Hayat directly held 89,576 shares in one reported line and 85,631 shares in another, indicating that the overall activity reflects routine compensation and tax settlement rather than discretionary buying or selling.

Positive

  • None.

Negative

  • None.
Insider Hayat Omar
Role EVP & Chief Operating Officer
Type Security Shares Price Value
Grant/Award Common Stock 7,312 $0.00 --
Tax Withholding Common Stock 3,945 $55.30 $218K
Tax Withholding Common Stock 2,139 $55.30 $118K
Holdings After Transaction: Common Stock — 89,576 shares (Direct, null)
Footnotes (1)
  1. Represents vesting of performance stock units ("PSUs") granted on June 19, 2023, that vested on June 19, 2026. Represents PSUs surrendered to satisfy the tax withholding on vesting of PSUs. Represents restricted stock units ("RSUs") surrendered to satisfy the tax withholding on RSUs that vested on June 19, 2026.
PSU shares vested 7,312 shares Performance stock units granted June 19, 2023 vested June 19, 2026
Shares surrendered for PSU tax withholding 2,139 shares PSUs surrendered to satisfy tax withholding on PSU vesting
Shares surrendered for RSU tax withholding 3,945 shares RSUs surrendered to satisfy tax withholding on RSUs vested June 19, 2026
Total tax-withholding shares 6,084 shares Aggregate F-code tax-withholding dispositions in this filing
Tax withholding reference price $55.30 per share Price used for F-code tax-withholding dispositions on June 19, 2026
Shares held after one transaction line 89,576 shares Total common shares directly held following the A-code award
Shares held after another transaction line 85,631 shares Total common shares directly held following one F-code disposition
performance stock units ("PSUs") financial
"Represents vesting of performance stock units ("PSUs") granted on June 19, 2023"
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") surrendered to satisfy the tax withholding"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding financial
"Represents PSUs surrendered to satisfy the tax withholding on vesting of PSUs"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hayat Omar
(Last)(First)(Middle)
1 WORLD TRADE CENTER, SUITE 1500
(Street)
LONG BEACH CALIFORNIA 90831
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
California Resources Corp [ CRC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/19/2026A(1)7,312A$089,576D
Common Stock06/19/2026F(2)3,945D$55.385,631D
Common Stock06/19/2026F(3)2,139D$55.383,492D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents vesting of performance stock units ("PSUs") granted on June 19, 2023, that vested on June 19, 2026.
2. Represents PSUs surrendered to satisfy the tax withholding on vesting of PSUs.
3. Represents restricted stock units ("RSUs") surrendered to satisfy the tax withholding on RSUs that vested on June 19, 2026.
Remarks:
/s/ Ulrik Damborg, Attorney-in-Fact for Omar Hayat06/23/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did CRC executive Omar Hayat report in this Form 4 filing?

Omar Hayat reported vesting of stock unit awards and related tax withholding. Performance stock units vested into 7,312 common shares, while 2,139 and 3,945 shares were surrendered to satisfy tax obligations on vested PSUs and RSUs.

Were any open-market purchases or sales reported by CRC EVP Omar Hayat?

No open-market trades were reported. The filing shows grant and vesting of stock units plus tax-withholding dispositions, where shares were surrendered to cover taxes, not actively bought or sold in the market.

How many California Resources (CRC) shares did Omar Hayat receive from vesting?

He received 7,312 shares of common stock from performance stock units vesting. These shares were granted at a stated price of $0.00 per share as part of equity compensation, reflecting non-cash compensation rather than a market purchase.

How many CRC shares were surrendered for tax withholding in this Form 4?

A total of 6,084 shares were surrendered for tax withholding. This included 2,139 shares tied to performance stock units and 3,945 shares tied to restricted stock units, both used solely to satisfy tax obligations on vesting.

What are PSUs and RSUs mentioned in the CRC Form 4 filing?

Performance stock units (PSUs) and restricted stock units (RSUs) are equity awards that convert into shares upon vesting. In this filing, PSUs granted in 2023 vested into shares, and both PSUs and RSUs triggered share surrenders to cover associated tax withholding obligations.

Does this CRC Form 4 suggest a change in Omar Hayat’s view of the stock?

The transactions appear routine and compensation-related. Shares were granted through PSU vesting and others were surrendered for tax withholding, which is mechanical and not typically viewed as expressing a bullish or bearish opinion on the stock.