Bys Jay A., an executive at California Resources Corp, has reported a transaction involving the surrender of 1,183 shares of the company. This transaction occurred on November 4, 2026, and was filed with the SEC on November 6, 2026. The surrender was made to satisfy tax withholding obligations for restricted stock units (RSUs) that vested on the same date. This event is significant as it reflects ongoing executive compensation practices within the energy industry.

California Resources Corp, identified by CIK 0001609253, operates in the crude petroleum and natural gas sector. The company is incorporated in Delaware and has its business address at 1 World Trade Center, Suite 1500, Long Beach, CA, with a fiscal year ending on December 31. The company is publicly traded, and its trading symbol is CRC.

According to the filing, Bys Jay A. currently holds 122,520 shares following this transaction. The surrender of shares was classified under the transaction code 'D', indicating a disposal of shares. The price per share at the time of the transaction was $48.34. This transaction is part of a broader trend in the industry, where executives often manage their equity holdings in response to tax obligations.

This development may affect stakeholders within California Resources Corp, including shareholders and employees, as it underscores the company's approach to executive compensation and stock management. The filing does not specify what actions might follow this transaction.