McFarland Mark Allen 4
4 · California Resources Corp · Filed May 2, 2023
Insider Transaction Report
Form 4
McFarland Mark Allen
Director
Transactions
- Disposition to Issuer
Common Stock
2023-04-28−85,253→ 229,775 total - Award
Common Stock
2023-04-28+5,029→ 315,028 total - Exercise/Conversion
Common Stock
2023-04-28+324,954→ 554,729 total - Exercise/Conversion
Performance Stock Units
2023-04-28−324,954→ 0 total→ Common Stock (324,954 underlying) - Tax Payment
Common Stock
2023-04-28$40.50/sh−14,471$586,076→ 540,258 total
Footnotes (5)
- [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 on April 28, 2024 and, subject to certain exceptions, will be settled in shares of Common Stock on the date that is six months and one day following the Reporting Person's separation from service.
- [F2]Includes 250 shares acquired under the California Resources Corporation Employee Stock Purchase Plan on March 31, 2023.
- [F3]Represents the forfeiture of RSUs due to the Reporting Persons's voluntary termination on April 28, 2023.
- [F4]Represents vesting of performance share units ("PSUs") originally granted on March 22, 2021, which vested in connection with the Reporting Person's voluntary termination on April 28, 2023. Pursuant to the terms of the PSU award, settlement will occur within 45 days following the end of the initial three-year performance period.
- [F5]Represents shares cancelled for payment of taxes on units vested due to the Reporting Person's voluntary termination on April 28, 2023.