Form 4: Calumet Director James Carter Reports Acquisition of Fully Vested Restricted Stock Units

Sentiment:

Insider Transaction Report 11 June 2025 8:15 PM

Calumet, Inc. Director James S. Carter reported the acquisition of 3,796 fully vested Restricted Stock Units, as disclosed in a recent SEC Form 4 filing.

Summary

James S. Carter, a Director of Calumet, Inc. (CLMT), reported the acquisition of 3,796 Restricted Stock Units (RSUs).
The transaction date for the RSU acquisition was June 9, 2025.
Each RSU is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.
The acquired RSUs are 100% vested and will be settled upon vesting.
Following this transaction, Mr. Carter beneficially owns 3,796 Restricted Stock Units directly.
The Form 4 filing was signed by Connor J. Egan as attorney-in-fact for James S. Carter on June 11, 2025, under a Power of Attorney executed on June 10, 2025.

Sentiment

Score: 7

Explanation: The acquisition of fully vested Restricted Stock Units by a director is generally viewed positively as it aligns management's interests with shareholders and indicates confidence in the company's future, even if it's a routine compensation grant.

Positives

Director James S. Carter acquired 3,796 Restricted Stock Units, aligning his interests with shareholders.
The RSUs are 100% vested, indicating immediate beneficial ownership upon settlement, which can be seen as a positive for the director's stake in the company.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a grant of equity compensation to a director. It does not provide information related to broader industry trends or competitive landscape.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Power of Attorney Grant	James S. Carter granted a Power of Attorney to L. Todd Borgmann, David A. Lunin, Gregory J. Morical, John R. Krutz, and Connor J. Egan, enabling them to execute and file SEC Forms 3, 4, 5, and 144 on his behalf.	June 10, 2025	Streamlines the process for insider reporting requirements for Director Carter, ensuring timely compliance with SEC regulations and efficient management of his filing obligations.

Related Party Transactions

Acquisition of 3,796 Restricted Stock Units by Director James S. Carter from Calumet, Inc. as part of his compensation package.

Stakeholder Impact

Shareholders: The grant of equity to a director increases their personal stake in the company's performance, potentially aligning their interests more closely with those of shareholders.
Management: The Power of Attorney streamlines the administrative burden for the director regarding SEC filings.

Next Steps

Settlement of the 100% vested Restricted Stock Units upon vesting.

Key Dates

Date	Description
06/09/2025	Date of earliest transaction (acquisition of Restricted Stock Units).
06/10/2025	Date the Power of Attorney was executed by James S. Carter.
06/11/2025	Date the Form 4 was signed by the attorney-in-fact.

Recommendation

hold

Keywords

Calumet, CLMT, Form 4, Restricted Stock Units, RSU, Director, Stock Grant, Executive Compensation, SEC Filing, Insider Transaction

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