CHAPMAN JAMES N 4

What Happened

• James N. Chapman, a director of California Resources Corp (CRC), was granted 3,091 restricted stock units (RSUs) on April 30, 2026. The grant price is reported as $0.00 (no cash paid). The filing was submitted on May 4, 2026.
• This is an award/grant (not a purchase or sale). RSUs are a deferred equity award rather than an immediate buy or sale — not an outright cash investment or liquidity event.

Key Details

• Transaction date: 2026-04-30; Form 4 filed: 2026-05-04 (appears timely).
• Shares/units granted: 3,091 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Each RSU represents a contingent right to one share of common stock. These RSUs vest on April 30, 2027 and, except in certain circumstances, 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.
• Transaction code: A = Award/Grant.

Context

• RSU grants are common compensation for directors and executives; they indicate compensation alignment with shareholders but are not a direct market signal like an open-market purchase.
• Because these RSUs vest in one year and are subject to forfeiture/settlement rules, they do not immediately increase transferable share count until vested/settled.