Form 4: Calumet Director Amy Schumacher Acquires RSUs

Calumet Director Amy M Schumacher reported the acquisition of 1,562 Restricted Stock Units, with varying vesting schedules, as part of her compensation.

Summary

• Amy M Schumacher, a Director of Calumet, Inc. (CLMT), reported the acquisition of 1,562 Restricted Stock Units (RSUs).
• A grant of 1,172 Restricted Stock Units was made on November 6, 2025, which are 100% vested and will be settled upon the earlier of a date specified by the reporting person or her termination date.
• An additional grant of 390 Restricted Stock Units was made on November 6, 2025, pursuant to the Deferred Compensation Plan.
• The 390 Restricted Stock Units will vest 25% on July 1 of each year, beginning on July 1, 2026, and will be settled upon the earlier of a date specified by the reporting person or her termination date.
• Each RSU is economically equivalent to one share of Calumet, Inc. common stock, par value $0.01 per share.
• Following these transactions, Amy M Schumacher beneficially owns 1,172 direct Restricted Stock Units and 390 direct Restricted Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director's acquisition of equity, even through grants, generally signals alignment with shareholder interests and confidence in the company's future. It is a routine compensation event, not indicative of extraordinary news.

Positives

• A Director's acquisition of equity, even through grants, aligns their interests with those of shareholders, potentially signaling confidence in the company's future performance.
• The vesting schedule for a portion of the RSUs provides a long-term incentive for the director.

Future Outlook

The future outlook includes the vesting of 390 Restricted Stock Units at 25% annually starting July 1, 2026, and the eventual settlement of all 1,562 Restricted Stock Units upon the earlier of a specified date or the reporting person's termination.

Industry Context

This filing represents a routine insider transaction related to director compensation, common across publicly traded companies to align management and board interests with shareholder value. It does not provide specific insights into broader industry trends but reflects standard corporate governance practices for executive and director incentives.

Stakeholder Impact

• Shareholders: The increased equity stake of a director enhances alignment between management and shareholder interests, potentially fostering better long-term decision-making.

Next Steps

• Continued vesting of the 390 Restricted Stock Units on an annual basis starting July 1, 2026.
• Settlement of all 1,562 Restricted Stock Units upon the earlier of a specified date by the reporting person or her termination date.

Key Dates

Keywords

Calumet Inc, CLMT, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, SEC Form 4, Equity Grant