Form 4: Calumet Inc. Director James S. Carter Reports Acquisition of Restricted Stock Units

Director James S. Carter reports acquiring restricted stock units in Calumet, Inc.

Summary

• On February 25, 2025, James S. Carter, a director of Calumet, Inc., acquired 1,786 Restricted Stock Units (RSUs) that are the economic equivalent of common stock.
• These RSUs are 100% vested and will be settled upon the earlier of a date specified by Carter or his termination date.
• Carter also acquired 595 RSUs under the Deferred Compensation Plan, which will be settled similarly but vest 25% annually starting July 1, 2026.
• The price of each derivative security was $0.
• Following these transactions, Carter directly owns 1,786 and 595 derivative securities.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock unit acquisition. It indicates insider confidence but doesn't provide substantial information about the company's overall performance.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs will be settled upon the earlier of the date specified by the reporting person or the reporting person's termination date.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• Shareholders may view the acquisition of RSUs by a director as a positive sign of alignment between management and shareholder interests.

Key Dates