Form 4: Calumet Director Amy Schumacher Converts RSUs

Amy M. Schumacher, a Director at Calumet, Inc., acquired 5,053 shares of common stock through the conversion of Restricted Stock Units under a pre-arranged plan.

Summary

• Amy M. Schumacher, a Director of Calumet, Inc., acquired 5,053 shares of common stock.
• The acquisition occurred on December 4, 2025, through the conversion of Restricted Stock Units (RSUs).
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled, non-discretionary transaction.
• Following this transaction, Ms. Schumacher beneficially owns 251,093 shares of Calumet, Inc. common stock directly.
• Each RSU is the economic equivalent of one share of common stock, is 100% vested, and becomes payable in the form of one share of common stock or its cash value.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. This is a routine insider transaction (RSU conversion) under a pre-arranged plan. While not a direct market purchase, it increases the director's direct ownership, which can be seen as a minor positive for alignment of interests.

Positives

• A director increasing their direct ownership in the company, even through RSU conversion, can be seen as a positive signal of alignment with shareholder interests.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled, non-discretionary transaction, which often reduces concerns about opportunistic insider trading.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased direct ownership by a director may signal confidence, aligning director interests with shareholders.
• Employees: No direct impact on employees mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where a director converted Restricted Stock Units into common stock under a pre-arranged 10b5-1 plan. While it increases the director's direct ownership, it is not a discretionary market purchase and therefore does not provide new fundamental information to warrant a change in investment recommendation. The transaction is expected and does not indicate any significant positive or negative shifts in the company's outlook or valuation.

Keywords

Calumet Inc., CLMT, Amy Schumacher, Insider Trading, Form 4, Restricted Stock Units, RSU Conversion, Director Stock Ownership, Rule 10b5-1