Insider Activity Spotlight: California Resources Corp.

California Resources Corp. (CRCO) saw a flurry of insider transactions on February 23, 2026, when Senior Vice President and Controller Noelle M. Repetti purchased 2,914 shares of the company’s common stock. This buy comes a day after she sold 2,474 shares, a move that reflects the vesting of restricted and performance‑based equity awards granted in 2023. The transaction, priced at $0.00 per share in the filing, represents the exercise of performance stock units (PSUs) that met their performance criteria on that date. While the nominal price reflects the nature of the award, the actual market value at the close ($58.28) indicates that Repetti’s shares are effectively worth nearly $170 k, reinforcing her commitment to the company’s long‑term strategy.

The timing of the transaction is noteworthy. The stock closed at a modest 0.31% above its previous day, but was only 2.3 % below the one‑year high of $60.03. A 17.11% monthly gain and 30.08% annual growth underscore CRCO’s resilience in the energy sector, especially as it pivots toward carbon‑capture and storage projects that align with California’s decarbonisation mandates. Repetti’s purchase, coupled with the broader insider buying spree—including the 47,649 shares bought by EVP‑Strategy Officer Preston Michael L. in November 2025—suggests that senior management remains bullish on the firm’s trajectory. For investors, this alignment of interests can be a reassuring signal that the company’s leadership believes the market will eventually recognize the value of its clean‑energy initiatives.

What Does This Mean for Investors?

Insider buying is traditionally interpreted as a positive signal, implying that those with privileged access to company information see value that may not yet be reflected in the market price. In CRCO’s case, the recent purchase by Repetti is part of a broader pattern of insider activity. Over the past year, several senior executives have engaged in both buying and selling, typically aligning sales with the vesting of equity awards and purchases with new grant cycles. The fact that Repetti’s buy followed a sell of equity tied to tax withholding demonstrates that her overall holdings remain robust—she now owns 15,848 shares, a 22% increase from her post‑sell holding of 13,374 shares. For the company, this level of insider ownership can enhance governance stability and signal confidence in its strategic direction, particularly in the emerging decarbonisation niche that CRCO is poised to capitalize on.

From a valuation perspective, CRCO’s price‑earnings ratio of 13.49 sits comfortably within the industry range for energy firms focusing on green initiatives. Analysts note that the firm’s robust market cap of $4.87 billion and its strong quarterly earnings support the notion that the stock may be undervalued relative to its long‑term growth prospects in the clean‑energy transition. Investors who weigh insider sentiment alongside fundamental metrics might view the current buy as an entry point, especially given the limited social media buzz (10.24 %) and neutral sentiment (-0), indicating that the market is still processing the implications of the transaction.

Repetti Noelle M.: A Profile of Consistent Commitment

Repetti has been a key figure in CRCO’s financial stewardship, having executed a sale of 750 shares on February 22, 2026, which reduced her holdings to 12,934 shares. Historically, her transactions have been closely tied to the vesting schedule of RSUs and PSUs. In 2025, she did not participate in any large trades, but her 2026 activity suggests a strategic realignment of her equity portfolio as she exercises performance awards. Compared to her peers—such as EVP‑Chief Commercial Officer Bys Jay A., who sold 2,625 shares on the same day—Repetti’s moves are relatively modest, reflecting a cautious approach that balances liquidity needs with a long‑term stake in the company’s success.

Her consistent pattern of selling shares tied to vesting events while occasionally purchasing new allocations indicates a disciplined approach to equity management. This behavior aligns with best practices for senior executives, ensuring that ownership remains aligned with company performance while avoiding large, market‑distorting trades. For investors, Repetti’s profile suggests that she is deeply invested in CRCO’s strategic direction, particularly its focus on carbon capture—a sector with growing regulatory support and investor appetite.

Looking Ahead

With CRCO’s market cap firmly above $4 billion and a steady climb in its share price, the company is positioned to benefit from California’s aggressive decarbonisation agenda. Insider activity—especially the recent buy by Repetti—reinforces confidence in the company’s long‑term prospects. For investors, the combination of insider alignment, solid fundamentals, and a strategic focus on clean‑energy projects makes CRCO a compelling addition to portfolios seeking exposure to the evolving energy transition.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-02-23Repetti Noelle M. (Senior VP and Controller)Buy2,914.00N/ACommon Stock
2026-02-23Repetti Noelle M. (Senior VP and Controller)Sell2,474.0058.15Common Stock
2026-02-23Gould Christopher D. (EVP & Chief Sustainability Off)Buy13,186.00N/ACommon Stock
2026-02-23Gould Christopher D. (EVP & Chief Sustainability Off)Sell9,276.0058.15Common Stock
2026-02-23Hayat Omar (EVP & Chief Operating Officer)Buy1,744.00N/ACommon Stock
2026-02-23Hayat Omar (EVP & Chief Operating Officer)Sell1,451.0058.15Common Stock
2026-02-23Leon Francisco (President and CEO)Buy27,320.00N/ACommon Stock
2026-02-23Leon Francisco (President and CEO)Sell22,729.0058.15Common Stock
2026-02-23Preston Michael L. (EVP, Chf Strategy Officer & GC)Buy13,599.00N/ACommon Stock
2026-02-23Preston Michael L. (EVP, Chf Strategy Officer & GC)Sell11,314.0058.15Common Stock
2026-02-23Bys Jay A. (EVP & Chief Commercial Officer)Buy13,113.00N/ACommon Stock
2026-02-23Bys Jay A. (EVP & Chief Commercial Officer)Sell9,033.0058.15Common Stock