EVP Sells $1.5M in Common Stock Amidst Broader Insider Distribution
Summary
Christopher D. Gould, EVP & Chief Sustainability Officer of California Resources Corp, sold over $1.5 million worth of common stock in an open market transaction.
Key Events
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Executive Stock Sale
Christopher D. Gould, EVP & Chief Sustainability Officer, disposed of 24,347 shares of common stock on March 11, 2026.
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Transaction Value
The sale was executed for a total value of $1,514,688 at a weighted average price of $62.21 per share.
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Insider Activity Pattern
This sale contributes to a recent pattern of insider distribution, with over $3.1 million in net insider sales over the last 90 days from 3 active insiders, following a similar sale by the COO on March 10th.
Analysis
This Form 4 reports a significant open market sale by a key executive, Christopher D. Gould, EVP & Chief Sustainability Officer. While the transaction represents a small percentage of the company's large market capitalization, the absolute dollar value of over $1.5 million is notable. This sale follows other recent insider sales, including a similar transaction by the COO on March 10th, indicating a broader trend of distribution among executives. Investors may interpret this as a signal regarding executive sentiment, especially following the company's recent earnings report and debt offering announcements.
At the time of this filing, CRC was trading at $62.12 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $30.97 to $66.35. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.