Form 4: CVR Energy Executive Charles Douglas Johnson Reports Stock Transactions

EVP & Chief Commercial Officer of CVR Energy, Charles Douglas Johnson, reports the vesting and subsequent disposal of incentive units, resulting in the acquisition and disposal of common stock.

Summary

• On May 15, 2024, Charles Douglas Johnson, EVP & Chief Commercial Officer of CVR Energy, Inc., reported transactions involving incentive units and common stock.
• Mr. Johnson vested 3,699 incentive units, which were awarded as compensation for services as an officer on May 19, 2021.
• Upon vesting, these incentive units converted into the right to receive a cash payment equal to the average closing price of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
• Concurrently, Mr. Johnson disposed of 3,699 shares of common stock at an average price of $29.26 per share.
• Following these transactions, Mr. Johnson holds 0 shares of common stock.

Sentiment

Score: 5

Explanation: This is a neutral reporting of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to track the buying and selling activity of executives and directors, which can provide insights into their perspectives on the company's performance and future prospects.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive compensation event.

Key Dates