Form 4: Calumet Inc. Director John G. Boss Reports Acquisition of Restricted Stock Units

Director John G. Boss reports acquisition of restricted stock units in Calumet Inc. following corporate reorganization.

Summary

• On August 6, 2024, John G. Boss, a director of Calumet Inc., reported the acquisition of 1,611 Restricted Stock Units (RSUs).
• These RSUs are the economic equivalent of one share of Calumet Inc. common stock each.
• These RSUs are 100% vested and payable in either common stock or cash value upon a specified date or termination.
• Additionally, Mr. Boss acquired 537 RSUs under the Deferred Compensation Plan, which vest 25% annually starting July 1, 2025.
• The price of each derivative security was $0.
• Following these transactions, Mr. Boss directly owns 1,611 and 537 derivative securities.
• The report also notes that Calumet, Inc. became the successor issuer to Calumet Specialty Products Partners, L.P. on July 10, 2024, through a corporate reorganization.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions by a company insider.

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, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of RSUs by a director may signal confidence to shareholders.

Key Dates