4//SEC Filing
Kerns Shawn M. 4
Accession 0001609253-21-000035
CIK 0001609253other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 4:41 PM ET
Size
7.5 KB
Accession
0001609253-21-000035
Insider Transaction Report
Form 4
Kerns Shawn M.
Exec. VP - Corp. Development
Transactions
- Award
Common Stock
2021-01-25+83,123→ 83,123 total - Award
Performance Stock Units
2021-01-25+83,124→ 83,124 total→ Common Stock (83,124 underlying)
Footnotes (2)
- [F1]Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in three equal installments on each of January 25, 2022, 2023 and 2024 and, subject to certain exceptions, will be settled in shares of Common Stock within 45 days following the third anniversary of the grant date.
- [F2]Represents the target number of performance stock units ("PSUs"). Each PSU represents a contingent right to receive one share of Common Stock. The actual number of PSUs that vest and become earned is based on the volume-weighted average price of a share of Common Stock as determined over any 60 consecutive trading days during the three-year performance period, and, subject to certain exceptions, will be settled in shares of Common Stock within 45 days following the end of the three-year performance period.
Documents
Issuer
California Resources Corp
CIK 0001609253
Entity typeother
Related Parties
1- filerCIK 0001621969
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 4:41 PM ET
- Size
- 7.5 KB