CRC (NYSE: CRC) COO logs stock unit vesting and 6,084-share tax withholding
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 83,492 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 Trade Summary
Net Buyer: 1,228 shares
Net Buy
3 txns
Insider
Hayat Omar
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,312 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,945 | $55.30 | $218K |
| Exercise Price or Tax Liability | Common Stock | 2,139 | $55.30 | $118K |
Holdings After Transaction:
Common Stock — 83,492 shares (Direct)
Footnotes (3)
- F1. Represents vesting of performance stock units ("PSUs") granted on June 19, 2023, that vested on June 19, 2026.
- F2. Represents PSUs surrendered to satisfy the tax withholding on vesting of PSUs.
- F3. Represents restricted stock units ("RSUs") surrendered to satisfy the tax withholding on RSUs that vested on June 19, 2026.
Key Figures
PSU shares vested: 7,312 shares
Shares surrendered for PSU tax withholding: 2,139 shares
Shares surrendered for RSU tax withholding: 3,945 shares
+4 more
7 metrics
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
Key Terms
performance stock units ("PSUs"), restricted stock units ("RSUs"), tax withholding, grant, award, or other acquisition
4 terms
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"
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
