0001609253-23-000052.txt : 20230502 0001609253-23-000052.hdr.sgml : 20230502 20230502170930 ACCESSION NUMBER: 0001609253-23-000052 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230428 FILED AS OF DATE: 20230502 DATE AS OF CHANGE: 20230502 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: McFarland Mark Allen CENTRAL INDEX KEY: 0001720720 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36478 FILM NUMBER: 23880336 MAIL ADDRESS: STREET 1: 7550 WISCONSIN AVENUE, 9TH FLOOR CITY: BETHESDA STATE: MD ZIP: 20814 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: California Resources Corp CENTRAL INDEX KEY: 0001609253 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 465670947 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1 WORLD TRADE CENTER STREET 2: SUITE 1500 CITY: LONG BEACH STATE: CA ZIP: 90831 BUSINESS PHONE: 8888484754 MAIL ADDRESS: STREET 1: 1 WORLD TRADE CENTER STREET 2: SUITE 1500 CITY: LONG BEACH STATE: CA ZIP: 90831 4 1 wf-form4_168306175499614.xml FORM 4 X0407 4 2023-04-28 0 0001609253 California Resources Corp CRC 0001720720 McFarland Mark Allen 1 WORLD TRADE CENTER, SUITE 1500 LONG BEACH CA 90831 1 0 0 0 0 Common Stock 2023-04-28 4 A 0 5029 0 A 315028 D Common Stock 2023-04-28 4 D 0 85253 0 D 229775 D Common Stock 2023-04-28 4 M 0 324954 A 554729 D Common Stock 2023-04-28 4 F 0 14471 40.50 D 540258 D Performance Stock Units 2023-04-28 4 M 0 324954 D Common Stock 324954.0 0 D 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 on April 28, 2024 and, subject to certain exceptions, will be settled in shares of Common Stock on the date that is six months and one day following the Reporting Person's separation from service. Includes 250 shares acquired under the California Resources Corporation Employee Stock Purchase Plan on March 31, 2023. Represents the forfeiture of RSUs due to the Reporting Persons's voluntary termination on April 28, 2023. Represents vesting of performance share units ("PSUs") originally granted on March 22, 2021, which vested in connection with the Reporting Person's voluntary termination on April 28, 2023. Pursuant to the terms of the PSU award, settlement will occur within 45 days following the end of the initial three-year performance period. Represents shares cancelled for payment of taxes on units vested due to the Reporting Person's voluntary termination on April 28, 2023. /s/ Ulrik Damborg, Attorney-in-Fact for Mark Allen McFarland 2023-05-02