Bys Jay A. 4

What Happened

Jay A. Bys, EVP & Chief Commercial Officer of California Resources Corp (CRC), was granted 15,957 restricted stock units (RSUs) on March 2, 2026. The grant was recorded at $0.00 per unit (no cash paid) and is reported as an Award/Grant (transaction code A). RSUs are contingent rights that convert to one share of common stock upon vesting.

Key Details

• Transaction date: 2026-03-02; filing date: 2026-03-03 (timely filing).
• Grant amount: 15,957 RSUs; reported acquisition price: $0.00 (total $0).
• Vesting: Three equal annual installments on March 2, 2027, 2028 and 2029 (per footnote).
• Shares owned after transaction: Not specified in the provided Form 4 excerpt.
• Transaction type: Award/Grant of RSUs (code A). No sale or purchase of shares occurred.

Context

RSUs are a form of compensation that become shares only after vesting; they do not represent immediate open-market purchases or sales. This grant signals executive compensation alignment with future company performance but, by itself, is not a direct market purchase or sale.