Form 4: Calumet Inc. Director James S. Carter Acquires 66,573 Shares Through Restricted Stock Unit Vesting

Director James S. Carter acquired 66,573 shares of Calumet Inc. common stock through the vesting of restricted stock units.

Summary

• James S. Carter, a director at Calumet Inc., acquired 66,573 shares of common stock on January 17, 2025.
• The acquisition was a result of the vesting of restricted stock units (RSUs).
• Each RSU is equivalent to one share of Calumet Inc. common stock.
• The RSUs are fully vested and can be settled in either shares or cash.
• Following the transaction, Mr. Carter directly owns 394,632 shares of Calumet Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is generally neutral to positive. The vesting of RSUs is a standard practice and indicates alignment between the director and the company's performance.

Positives

• The vesting of restricted stock units indicates that the director is aligned with the company's long-term performance.
• The acquisition of shares increases the director's stake in the company.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It reflects the compensation structure for directors and executives.

Comparison to Industry Standards

• The vesting of restricted stock units is a common practice for compensating directors and executives in publicly traded companies.
• The number of shares acquired is specific to the individual's compensation package and the company's equity plan.
• Similar filings are regularly made by directors and officers of other companies, such as Marathon Petroleum (MPC) and Valero Energy (VLO), when they receive stock awards or exercise options.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Calumet Inc., James S. Carter, restricted stock units, RSU, share acquisition, director, insider trading, Form 4