Form 4: Calumet Inc. Director Stephen P. Mawer Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Stephen P. Mawer of Calumet Inc. sold 3,655 shares of common stock at an average price of $12.64 on March 6, 2025, under a pre-arranged trading plan.
Summary
- On March 6, 2025, Stephen P. Mawer, a director of Calumet Inc., sold 3,655 shares of the company's common stock.
- The sale was executed under a Rule 10b5-1 trading plan adopted on November 15, 2024.
- The shares were sold at a weighted average price of $12.64, with individual transactions ranging from $12.51 to $12.90 per share.
- Following the transaction, Mawer directly owns 196,898 shares of Calumet Inc.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale under a pre-arranged trading plan. It doesn't necessarily indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It's common for executives and directors to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale by a director could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| November 15, 2024 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| March 06, 2025 | Date of the transaction (stock sale) |
| March 10, 2025 | Date of signature on the Form 4 filing |
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