Gould Christopher D. 4

What Happened

• Christopher D. Gould, EVP & Chief Sustainability Officer of California Resources Corp (CRC), was granted 17,462 restricted stock units (RSUs) on 2026-03-02. The Form 4 reports the acquisition code as an award (A) at a reported price of $0.00 (total reported value $0).
• This was an equity compensation award, not an open-market purchase or sale. RSUs are contingent rights to receive shares if and when they vest, so no immediate shares were delivered.

Key Details

• Transaction date: 2026-03-02; Form 4 filed: 2026-03-03 (appears timely).
• Reported transaction: 17,462 RSUs, acquisition code A, price per unit $0.00, reported total $0.
• Vesting: The grant vests in three equal annual installments on March 2, 2027, 2028 and 2029 (per footnote).
• Shares owned after transaction: not specified in the provided filing details.
• No 10b5-1 plan, tax-withholding, or cashless-sale notes were included in the supplied information.

Context

• RSUs are a form of compensation; each RSU typically converts to one share upon vesting. Because this is a grant subject to future vesting, it does not represent an immediate market purchase or sale.
• Such awards are common for executive compensation and should be interpreted as part of pay, not a direct buy/sell signal.