Hayat Omar 4

What Happened

• Hayat Omar, Chief Operating Officer of California Resources Corp (CRC), had 173 performance-based shares (PSUs/RSUs) vest on May 8, 2026. To satisfy tax withholding on the vesting, 145 shares were surrendered (94 shares for $58.92 each and 51 shares for $58.92 each), generating about $8,543 in withholding proceeds. The net result was an increase of 28 shares retained by Omar. This was an award/vesting event rather than an open-market sale.

Key Details

• Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (filed within the 2-business‑day deadline).
• Awarded/acquired: 173 shares reported as an award/vesting (reported at $0.00 on Form 4).
• Surrendered/disposed for tax withholding: 94 shares @ $58.92 = $5,538 and 51 shares @ $58.92 = $3,005 (total ≈ $8,543); net +28 shares retained.
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 = PSUs granted May 8, 2023 vested May 8, 2026; F2 = PSUs surrendered to satisfy tax withholding on PSU vesting; F3 = RSUs surrendered to satisfy tax withholding on RSUs that vested May 8, 2026.
• Transaction codes: A = award/acquisition (vesting); F = tax withholding (share surrender).

Context

• This was a routine vesting and withholding transaction (cashless share surrender to cover taxes), not an open-market sale or purchase. Such surrender-for-tax transactions are common after equity awards vest and do not necessarily indicate the insider’s view on the company’s stock.