Form 4: Calumet EVP Scott Obermeier Awarded Equity

Calumet, Inc. EVP of Specialties, Scott Obermeier, was granted 17,392 Restricted Stock Units as part of his compensation.

Summary

• Scott Obermeier, Executive Vice President of Specialties at Calumet, Inc. (CLMT), was granted a total of 17,392 Restricted Stock Units (RSUs).
• The transaction date for these grants was February 24, 2026.
• One grant consisted of 9,654 performance-based RSUs for 2025, certified by the Company's Board of Directors on the transaction date, subject to service-based vesting through February 25, 2028.
• A second grant involved 7,738 RSUs that will vest on February 24, 2029.
• Each RSU is economically equivalent to one share of Calumet, Inc. common stock, par value $0.01 per share.
• The acquisition price for these RSUs was $0.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive disclosure, reflecting a routine executive compensation event that aligns management incentives with shareholder value without indicating any immediate operational or financial changes.

Positives

• The grant of Restricted Stock Units aligns executive interests with shareholder value, as the value of the RSUs is tied to the company's common stock performance.
• The performance-based nature of 9,654 RSUs indicates a focus on achieving specific company objectives for 2025.

Future Outlook

The filing indicates future vesting events for the granted Restricted Stock Units, with service-based vesting for 9,654 units extending through February 25, 2028, and the remaining 7,738 units vesting on February 24, 2029.

Industry Context

StockSavvy.ai notes that the grant of Restricted Stock Units to key executives is a common practice in the industry, serving as a form of long-term incentive compensation designed to align management's interests with those of shareholders and encourage retention.

Comparison to Industry Standards

• Equity grants, particularly Restricted Stock Units with performance and service-based vesting, are a standard component of executive compensation packages across various industries, including energy and specialty chemicals, similar to practices seen at companies like Valvoline Inc. or HollyFrontier Corporation.
• The structure of these grants, combining performance and time-based vesting, is consistent with best practices aimed at motivating executives to achieve strategic goals and ensure long-term commitment.

Related Party Transactions

• Grant of Restricted Stock Units to Scott Obermeier, an Executive Vice President, which is a transaction between the company and a related party as part of his compensation package.

Stakeholder Impact

• Shareholders: The equity grant aims to align the interests of EVP Scott Obermeier with those of shareholders, potentially leading to improved long-term company performance.
• Employees: This filing specifically pertains to executive compensation and does not directly impact the broader employee base, though it reflects the company's compensation philosophy for key personnel.

Next Steps

• The 9,654 performance-based Restricted Stock Units will continue to be subject to service-based vesting requirements through February 25, 2028.
• The 7,738 Restricted Stock Units are scheduled to vest on February 24, 2029.

Key Dates

Recommendation

This Form 4 reports a routine equity grant to an executive, which is a standard component of compensation and does not provide new information to alter an investment thesis. It is a disclosure of an incentive, not a signal of immediate operational or financial performance changes that would warrant a change in recommendation.

Keywords

Calumet, CLMT, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Equity Grant, Scott Obermeier