Bremner Andrew B. 4

What Happened

• Andrew B. Bremner, a director of California Resources Corp (CRC), was granted 3,091 restricted stock units (RSUs) on April 30, 2026. The filing shows an acquisition price of $0.00 (transaction code A), so no cash was exchanged at grant.

Key Details

• Transaction date: 2026-04-30 (Form 4 filed 2026-05-04).
• Grant amount/price: 3,091 RSUs @ $0.00 (total reported value $0).
• Vesting/settlement: These RSUs vest on April 30, 2027 and, subject to certain exceptions, will be settled in shares of common stock on the date that is three months and one day following the reporting person’s separation from service (per footnote F1).
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: The Form 4 was filed on May 4, 2026 for an April 30, 2026 grant; Form 4s are generally due within two business days of a reportable transaction, so this filing appears to have been submitted after that window.

Context

• This transaction is an equity award (grant of RSUs), not an open-market purchase or sale. RSUs are a promise to deliver shares in the future if vesting conditions are met, so they don’t represent immediate share ownership or a cash outlay.
• Such grants are common for directors and are typically part of compensation rather than a direct signal of personal buying or selling intent.