Form 4: Calumet Inc. Director Raymond Paul C. Reports Acquisition of Restricted Stock Units

Director Raymond Paul C. reports the acquisition of restricted stock units in Calumet Inc. following a corporate reorganization.

Summary

• On August 6, 2024, Raymond Paul C., a director of Calumet Inc., reported the acquisition of 1,953 and 651 Restricted Stock Units (RSUs).
• The RSUs are the economic equivalent of one share of Calumet Inc. common stock.
• 1,953 of the RSUs are 100% vested and payable either in shares or cash value upon a specified date or termination.
• 651 of the RSUs vest 25% annually beginning July 1, 2025, and are payable either in shares or cash value upon a specified date or termination pursuant to the Deferred Compensation Plan.
• The acquisition follows Calumet Inc.'s corporate reorganization on July 10, 2024, where it became the successor issuer to Calumet Specialty Products Partners, L.P.

Sentiment

Score: 6

Explanation: The document itself is neutral, simply reporting a transaction. The acquisition of RSUs by a director can be seen as a mildly positive sign, suggesting confidence in the company's future.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the RSUs suggests a multi-year horizon for the director's alignment with the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation for a director.

Stakeholder Impact

• The acquisition of RSUs by a director aligns their interests with those of shareholders.

Key Dates