Form 4: Calumet Director Amy Schumacher Granted 3,796 Vested Restricted Stock Units

Calumet, Inc. Director Amy M. Schumacher was granted 3,796 fully vested Restricted Stock Units, aligning her interests with shareholders.

Summary

• Amy M. Schumacher, a Director of Calumet, Inc. (CLMT), was granted 3,796 Restricted Stock Units (RSUs) on June 9, 2025.
• Each RSU is the economic equivalent of one share of Calumet, Inc. common stock.
• The RSUs are 100% vested upon grant and will be settled upon vesting.
• Following this transaction, Ms. Schumacher beneficially owns 3,796 derivative securities (RSUs) directly.
• The Form 4 was signed by Connor J. Egan as attorney-in-fact for Amy M. Schumacher, under a Power of Attorney executed on June 10, 2025.

Sentiment

Score: 7

Explanation: The document reports a standard equity grant to a director, which is a positive for aligning interests but does not contain information that would significantly alter the company's financial outlook or operations. The 100% vesting is a positive for the recipient.

Positives

• The grant of Restricted Stock Units to a director aligns management's interests with those of shareholders, as the value of the units is tied to the company's stock performance.
• The RSUs are 100% vested upon grant, indicating immediate ownership and no future performance conditions for vesting.

Future Outlook

The Restricted Stock Units are 100% vested and will be settled upon vesting, implying immediate conversion to common stock or cash equivalent, aligning with standard equity compensation practices.

Management Comments

• "Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share."
• "Restricted Stock Units are 100% vested. Restricted Stock Units will be settled upon vesting."

Industry Context

This transaction is a routine equity compensation grant to a director, common across publicly traded companies to incentivize and retain board members by aligning their financial interests with long-term shareholder value. It does not indicate broader industry trends but reflects standard corporate governance practices.

Comparison to Industry Standards

• The grant of fully vested Restricted Stock Units to a director is a common form of non-cash compensation in public companies, comparable to practices at other mid-cap industrial or energy sector firms like Valvoline Inc. (VVV) or HollyFrontier Corporation (HFC) for their board members.
• The use of a Power of Attorney for SEC filings (Forms 3, 4, 5) is standard practice for corporate insiders to ensure timely and compliant reporting, consistent with governance benchmarks for executive and director disclosures.

Corporate Governance

Related Party Transactions

• The grant of 3,796 Restricted Stock Units to Amy M. Schumacher, a director of Calumet, Inc., constitutes a related party transaction as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns their interests with shareholders, as the director's compensation is tied to the company's stock performance, potentially encouraging decisions that enhance shareholder value.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• Settlement of the 3,796 Restricted Stock Units upon vesting, which is immediate as they are 100% vested.

Key Dates

Recommendation

Keywords

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