Christopher D. Gould, Executive Vice President and Chief Sustainability Officer at California Resources Corp, has surrendered 1,203 restricted stock units (RSUs) to satisfy tax withholding obligations. This transaction took place on November 4, 2026, and was reported on November 6, 2026.

The surrender of RSUs is a common practice among executives to manage tax liabilities associated with stock vesting. In this case, the RSUs that were surrendered were related to those that vested on the same day. The price per share for the transaction was reported at $48.34, resulting in a total value of approximately $58,000.

Background

California Resources Corp, identified by the Central Index Key (CIK) number 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. It is publicly traded and actively participates in the energy and transportation sector.

What the Filing Says

The filing indicates that the surrendered RSUs were necessary to cover tax withholding for the units that vested on November 4, 2026. The filing states, "Represents restricted stock units ('RSUs') surrendered to satisfy tax withholding for RSUs that vested on November 4, 2026." This practice is typical for executives managing their stock compensation.

Impact

This transaction may have implications for other executives within the energy sector, as it highlights the ongoing trend of using stock units to manage tax liabilities. Such disclosures can influence how companies structure their executive compensation packages and may prompt similar actions among peers in the industry.

What's Next

The filing does not say what happens next.