Form 4: Calumet Director Mawer Granted Restricted Stock Units

Calumet, Inc. director Stephen P. Mawer was granted 2,954 Restricted Stock Units as part of his compensation.

Summary

• Stephen P. Mawer, a director of Calumet, Inc. (CLMT), was granted a total of 2,954 Restricted Stock Units (RSUs) on August 5, 2025.
• One tranche consists of 2,216 RSUs, which are 100% vested and will be settled upon the earlier of a date specified by the reporting person or his termination date.
• A second tranche consists of 738 RSUs, which will be settled upon the earlier of a date specified by the reporting person or his termination date, pursuant to the Deferred Compensation Plan.
• The 738 RSUs will vest at a rate of 25% on July 1 of each year, beginning on July 1, 2026.
• Each RSU is economically equivalent to one share of Calumet, Inc. common stock, par value $0.01 per share.
• The reported price for these acquisitions was $0 per RSU.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine disclosure of director compensation and does not indicate any significant positive or negative operational or financial developments for the company.

Future Outlook

The filing does not provide any forward-looking statements or guidance beyond the vesting schedule of the Restricted Stock Units.

Industry Context

This filing is a routine disclosure of insider equity compensation and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The grant of Restricted Stock Units to Stephen P. Mawer, a director of Calumet, Inc., constitutes a related party transaction as it involves compensation provided to a member of the company's board.

Stakeholder Impact

• Shareholders: The issuance of Restricted Stock Units represents a form of equity compensation, which can lead to minor dilution over time as units are settled into common stock. However, it aligns the director's interests with shareholder value creation.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The 738 Restricted Stock Units will begin vesting on July 1, 2026, at a rate of 25% annually.
• Both tranches of Restricted Stock Units will be settled upon the earlier of a date specified by the reporting person or his termination date.

Key Dates

Keywords

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