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

Director James S. Carter reports acquisition of restricted stock units in Calumet Inc. following corporate reorganization.

Summary

• On August 6, 2024, James S. Carter, a director of Calumet Inc., reported the acquisition of 2,195 Restricted Stock Units (RSUs) and 731 Restricted Stock Units (RSUs).
• The RSUs are the economic equivalent of Calumet Inc. common stock, par value $0.01 per share.
• The 2,195 RSUs are 100% vested and become payable either in the form of one share of Calumet, Inc. common stock, par value $0.01 per share, or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date.
• The 731 RSUs become payable either in the form of one share of Calumet, Inc. common stock, par value $0.01 per share, or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan, with 25% vesting on July 1 of each year beginning on July 1, 2025.
• The report also notes that on July 10, 2024, Calumet, Inc. became the successor issuer to Calumet Specialty Products Partners, L.P. following a corporate reorganization.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The acquisition of RSUs by a director could be interpreted slightly positively.

Positives

• The acquisition of RSUs by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

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

Stakeholder Impact

• The acquisition of RSUs by a director may influence investor sentiment.

Key Dates