Hayat Omar 4

What Happened
Hayat Omar, Chief Operating Officer of California Resources Corp (CRC), had 7,312 performance stock units (PSUs) vest on June 19, 2026 (awarded at $0). To satisfy tax withholding on vested equity, Omar surrendered a total of 6,084 shares (3,945 shares and 2,139 shares) at $55.30 per share, resulting in cash value withheld of $218,159 and $118,287 respectively (total $336,446). These transactions reflect vesting and tax-withholding activity, not an open-market sale or purchase.

Key Details

• Transaction date: June 19, 2026
• Award: 7,312 shares (PSUs) acquired upon vesting; reported at $0.00 per share
• Shares surrendered for tax withholding: 3,945 shares @ $55.30 = $218,159; 2,139 shares @ $55.30 = $118,287 (total withheld = $336,446)
• Footnotes: F1 = PSUs granted 6/19/2023 that vested 6/19/2026; F2 = PSUs surrendered to satisfy tax withholding; F3 = RSUs surrendered to satisfy tax withholding on RSUs that vested 6/19/2026
• Shares owned after the transaction: not specified in the filing
• Filing timeliness: no late-filing indication in the report

Context
This was a routine vesting of long-term equity awards (PSUs/RSUs) with shares surrendered to cover tax obligations (transaction code F). Such tax-withholding surrenders are common and do not necessarily indicate a change in the insider’s view of the company.