Form 4: Calumet Director Raymond Paul C Granted RSUs

Calumet, Inc. Director Raymond Paul C received grants of Restricted Stock Units, totaling 2,148 units, as reported in a recent SEC Form 4 filing.

Summary

• Raymond Paul C, a Director of Calumet, Inc. (CLMT), was granted Restricted Stock Units (RSUs).
• Two separate grants occurred on August 5, 2025.
• The first grant was for 1,611 RSUs, which are 100% vested and will be settled upon the earlier of a date specified by the reporting person or termination.
• The second grant was for 537 RSUs, granted under a Deferred Compensation Plan, with 25% vesting annually starting July 1, 2026.
• Each RSU is economically equivalent to one share of Calumet, Inc. common stock, par value $0.01 per share.
• The total number of Restricted Stock Units acquired was 2,148.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a director is a standard practice for aligning management interests with shareholders, indicating ongoing compensation and retention efforts, which is generally viewed as neutral to slightly positive.

Positives

• The grant of 2,148 Restricted Stock Units to Director Raymond Paul C aligns his interests with those of shareholders.
• The 1,611 RSUs are 100% vested, providing immediate equity interest and demonstrating commitment.

Future Outlook

The 537 Restricted Stock Units will vest at 25% annually beginning July 1, 2026, and both grants will be settled upon the earlier of a date specified by the reporting person or termination.

Industry Context

This filing represents a routine insider transaction, specifically an equity grant, which is a common method for compensating directors and aligning their interests with company performance and shareholder value in publicly traded companies.

Related Party Transactions

• Grant of 2,148 Restricted Stock Units to Director Raymond Paul C as part of his compensation package.

Stakeholder Impact

• Shareholders' interests are further aligned with Director Raymond Paul C through his increased equity ownership.
• Employees: The filing reflects standard compensation practices for company directors.

Next Steps

• Settlement of 1,611 Restricted Stock Units upon the earlier of a date specified by the reporting person or termination.
• Vesting of 537 Restricted Stock Units at 25% annually starting July 1, 2026, with settlement upon the earlier of a date specified by the reporting person or termination.

Key Dates

Recommendation

This Form 4 reports a routine grant of Restricted Stock Units to a director as part of their compensation package, which is a common practice for aligning interests. It does not provide new fundamental information to warrant a change in investment thesis.

Keywords

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