Form 4: Director Karen Narwold Receives Calumet Equity Grant

Director Karen Narwold was granted 3,461 restricted stock units in Calumet, Inc. as part of equity compensation.

Summary

• Director Karen G. Narwold acquired 3,461 restricted stock units (RSUs) on June 2, 2026.
• Each RSU represents the economic equivalent of one share of Calumet, Inc. common stock.
• The units were granted at a price of $0 per share as part of director compensation.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Value of equity grants is subject to market volatility of Calumet, Inc. common stock.

Future Outlook

The RSUs are scheduled to vest on June 2, 2027, or upon the date of the 2027 Annual Meeting, whichever occurs first.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with standard compensation practices for publicly traded companies in the energy and industrial sectors.

Stakeholder Impact

• Minimal impact on shareholders; reflects standard director compensation structure.

Next Steps

• Vesting of restricted stock units on June 2, 2027.

Key Dates

Keywords

Calumet, CLMT, Form 4, Insider Trading, Director Compensation, Restricted Stock Units