Form 4: CVR Energy Executive Michael Wright Jr. Reports Stock Transactions

EVP & Chief Operating Officer of CVR Energy, Michael H. Wright Jr., reports the vesting and disposal of incentive units and common stock.

Summary

• Michael H. Wright Jr., EVP & Chief Operating Officer of CVR Energy, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 19, 2025, Wright vested 6,613 incentive units, which were awarded as compensation for services as an officer on February 16, 2022.
• 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.
• The vested incentive units were immediately disposed of, and 6,613 shares of common stock were disposed of at a price of $18.8.
• Following these transactions, Wright's direct ownership of common stock is reported as zero.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, providing transparency to investors regarding insider activity.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

Form 4, CVR Energy, Michael H. Wright Jr., Incentive Units, Beneficial Ownership, Stock Transaction, Vesting, Officer Compensation