Preston Michael L. 4
4 · California Resources Corp · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
California Resources (CRC) EVP Michael L. Preston Receives RSU Award
What Happened
Michael L. Preston, EVP, Chief Strategy Officer & General Counsel of California Resources Corporation (CRC), was granted 19,166 restricted stock units (RSUs) on March 2, 2026. The grant shows an acquisition at $0.00 (typical for compensation awards) — total reported cost $0. This was an award/compensation grant, not an open‑market purchase or sale.
Key Details
- Transaction date: March 2, 2026; Form 4 filed March 3, 2026 (timely filing).
- Instrument: 19,166 RSUs granted, reported at $0.00 per unit.
- Vesting: RSUs vest 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 sale, or cashless exercise reported in this filing.
Context
RSU grants are a form of compensation and create a contingent right to receive company shares if vesting conditions are met; they are not the same as an insider buying stock on the open market. For retail investors, such awards signal standard executive compensation alignment with long‑term performance rather than immediate insider conviction.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-02+19,166→ 130,623 total
Footnotes (1)
- [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 annual installments on each of March 2, 2027, 2028 and 2029.