4//SEC Filing
Bys Jay A. 4
Accession 0001609253-21-000081
CIK 0001609253other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 6:13 PM ET
Size
11.9 KB
Accession
0001609253-21-000081
Insider Transaction Report
Form 4
Bys Jay A.
EVP & Chief Commercial Officer
Transactions
- Award
Common Stock
2021-05-12+61,309→ 61,309 total - Award
Performance Stock Units
2021-05-12+61,309→ 61,309 total→ Common Stock (61,309 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. 16,721 RSUs will vest on January 25, 2022; 22,294 RSUs will vest on January 25, 2023; and 22,294 RSUs will vest on January 25, 2024. Subject to certain exceptions, the RSUs will be settled in shares of Common Stock within 45 days following the final vesting 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 performance period which ends on January 25, 2024, and, subject to certain exceptions, will be settled in shares of Common Stock within 45 days following the end of the performance period.
Issuer
California Resources Corp
CIK 0001609253
Entity typeother
Related Parties
1- filerCIK 0001860787
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 6:13 PM ET
- Size
- 11.9 KB