Form 4: Calumet Inc. Director Paul C. Raymond Acquires Shares Through Vesting of Restricted Stock Units
SEC Form 4 Filing
Director Paul C. Raymond acquired 8,921 shares of Calumet Inc. common stock through the vesting of restricted stock units.
Summary
- Paul C. Raymond, a director at Calumet Inc., acquired 8,921 shares of common stock on December 4, 2024.
- The acquisition was a result of the vesting of restricted stock units.
- The restricted stock units vested on November 3, 2024.
- The transaction did not involve any monetary payment by the director, as the price per share was $0.
- Following the transaction, Mr. Raymond directly owns 15,884 shares of Calumet Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation. It is a positive event for the director, but not a significant event for the company as a whole.
Positives
- The vesting of restricted stock units indicates that the director has met certain performance or time-based criteria.
- The increase in direct ownership aligns the director's interests with those of other shareholders.
Industry Context
This is a standard transaction for a director receiving compensation in the form of equity. It is common for companies to use restricted stock units as part of their compensation packages for directors and executives.
Comparison to Industry Standards
- The use of restricted stock units as compensation is a common practice among publicly traded companies.
- The vesting schedule of the restricted stock units is typical, with vesting occurring after a specified period or upon meeting certain performance criteria.
- The reporting of the transaction through a Form 4 filing is standard procedure for directors and officers of publicly traded companies.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning his interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 2024-11-03 | 100% of the Restricted Stock Units vested. |
| 2024-12-04 | Date of the transaction where the director acquired shares. |
Keywords
Calumet Inc., Director, Paul C. Raymond, Stock Acquisition, Restricted Stock Units, Vesting, Share Ownership, Form 4
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