Form 4: Calumet CEO Louis Todd Borgmann Receives RSU Grant
Statement of Changes in Beneficial Ownership
Calumet, Inc. CEO Louis Todd Borgmann was granted 9,564 restricted stock units as part of executive compensation.
Summary
- CEO Louis Todd Borgmann acquired 7,173 fully vested restricted stock units (RSUs) on March 31, 2026.
- CEO Louis Todd Borgmann acquired 2,391 unvested RSUs on March 31, 2026, under the company's Deferred Compensation Plan.
- Each RSU represents the economic equivalent of one share of Calumet, Inc. common stock.
- The 2,391 RSUs vest at a rate of 25% annually beginning July 1, 2027.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which is neutral in nature.
Positives
- Alignment of executive interests with shareholders through equity-based compensation.
- Retention of key leadership through deferred compensation structures.
Negatives
- Potential for future shareholder dilution upon the settlement of these RSUs into common stock.
Risks
- Market volatility affecting the ultimate value of the equity compensation granted to the executive.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on executive equity compensation.
Industry Context
StockSavvy.ai notes that equity grants to C-suite executives are standard practice in the energy and industrial sectors to ensure long-term alignment with corporate performance and shareholder value.
Comparison to Industry Standards
- The use of RSUs as a component of executive compensation is consistent with standard corporate governance practices for publicly traded companies in the United States.
- Vesting schedules for deferred compensation plans typically align with industry norms for executive retention.
Stakeholder Impact
- Shareholders may experience minor dilution when these units are settled into common stock.
Next Steps
- Vesting of 25% of the 2,391 deferred RSUs on July 1, 2027.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Transaction date for the acquisition of Restricted Stock Units. |
| 04/02/2026 | Date of filing. |
| 07/01/2027 | Initial vesting date for the 2,391 deferred RSUs. |
Keywords
Calumet, CLMT, Insider Trading, Form 4, Executive Compensation, Restricted Stock Units
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