Form 4: Calumet Chief Accounting Officer Receives Restricted Stock Unit Grant

John Robert Krutz, Chief Accounting Officer of Calumet, Inc., was granted 5,660 restricted stock units on May 28, 2025, which are set to vest in 2028.

Summary

• John Robert Krutz, Chief Accounting Officer of Calumet, Inc. (CLMT), acquired 5,660 Restricted Stock Units (RSUs) on May 28, 2025.
• Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.
• The RSUs were acquired at a price of $0, which is typical for compensation grants.
• Following this transaction, Mr. Krutz beneficially owns 5,660 derivative securities (RSUs).
• These Restricted Stock Units are scheduled to vest on May 21, 2028, and will be settled upon vesting.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the RSU grant aligns management's interests with shareholders, which is generally viewed favorably. It's a routine compensation event, not indicative of significant operational changes.

Positives

• The grant of Restricted Stock Units aligns the financial interests of the Chief Accounting Officer, John Robert Krutz, with those of the shareholders, as the value of the units is tied to the company's stock performance.
• This RSU grant represents a component of executive compensation, which is a standard practice for retaining and incentivizing key management personnel.

Future Outlook

The future outlook for John Robert Krutz's ownership of these specific securities is that the 5,660 Restricted Stock Units are expected to vest on May 21, 2028, at which point they will be settled into common stock, increasing his direct beneficial ownership of Calumet, Inc. shares.

Industry Context

This Form 4 filing details a routine executive compensation event within the energy or specialty products industry, where equity grants like Restricted Stock Units are a common mechanism to incentivize and retain key officers by aligning their long-term financial interests with the company's performance and shareholder value.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a widely adopted practice across various industries, including the energy and specialty products sector where Calumet, Inc. operates.
• RSU grants are generally considered a standard and effective method for aligning executive incentives with long-term shareholder value creation, similar to practices observed in comparable companies like Valvoline Inc. (VVV) or HollyFrontier Corporation (DINO) which also utilize equity-based compensation plans for their executives.
• The vesting schedule, with a vesting date approximately three years from the grant date, is typical for long-term incentive plans designed to encourage executive retention and sustained performance.

Stakeholder Impact

• Shareholders: The RSU grant aligns the Chief Accounting Officer's financial interests with shareholder value, potentially leading to more focused long-term decision-making.
• Employees: This transaction is part of the company's executive compensation framework, which can influence overall employee morale and retention strategies, particularly for key personnel.

Next Steps

• The 5,660 Restricted Stock Units granted to John Robert Krutz are scheduled to vest on May 21, 2028.
• Upon vesting, the Restricted Stock Units will be settled, likely converting into shares of Calumet, Inc. common stock.

Key Dates

Keywords

Calumet Inc., CLMT, Restricted Stock Units, RSU, Insider Transaction, Form 4, Executive Compensation, John Robert Krutz, Chief Accounting Officer, Equity Grant