Calumet CEO granted 7,173 and 2,391 RSUs
Borgmann Louis Todd reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Borgmann Louis Todd reported acquisition or exercise transactions in this Form 4 filing.
Calumet, Inc. chief executive officer Louis Todd Borgmann reported awards of restricted stock units that function as stock-based compensation, not open-market trades. He received 7,173 restricted stock units and 2,391 restricted stock units, each economically equivalent to one share of Calumet, Inc. common stock.
The 7,173-unit grant is already 100% vested and will be settled in shares upon the earlier of a date he specifies or his termination date. The 2,391-unit grant will vest in 25% increments each July 1 beginning in 2027 and will be settled on the earlier of a specified date or his termination under the company’s Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 9,564 shares
Grant/Award
2 txns
Insider
Borgmann Louis Todd
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 7,173 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,391 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 7,173 contracts (Direct);
Restricted Stock Units — 2,391 contracts (Direct)
Footnotes (3)
- F1. Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.
- F2. Each Restricted Stock Unit will become settled upon the earlier of the date specified by the reporting person or the reporting person's termination date. Restricted Stock Units are 100% vested.
- F3. Each Restricted Stock Unit will be settled upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. 25% of the Restricted Stock Units vest on July 1 of each year beginning on July 1, 2027.
Key Figures
Restricted stock units granted: 7,173 units
Additional restricted stock units granted: 2,391 units
Underlying common stock: 1 share per unit
+2 more
5 metrics
Restricted stock units granted
7,173 units
Grant of fully vested RSUs, economic equivalent of common shares
Additional restricted stock units granted
2,391 units
RSUs vesting 25% each July 1 starting July 1, 2027
Underlying common stock
1 share per unit
Each restricted stock unit equals one share of common stock
Vesting start date
July 1, 2027
First vesting date for the 2,391-unit RSU grant
Exercise/settlement price
$0.00 per unit
RSUs granted at no cash exercise price to the CEO
Key Terms
Restricted Stock Unit, Deferred Compensation Plan, vest, economic equivalent
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit is the economic equivalent of one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Deferred Compensation Plan financial
"settled ... pursuant to the Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
vest financial
"25% of the Restricted Stock Units vest on July 1 of each year"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
economic equivalent financial
"Each Restricted Stock Unit is the economic equivalent of one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did CLMT CEO Louis Todd Borgmann report?
Louis Todd Borgmann reported receiving two grants of restricted stock units as compensation, not open-market purchases or sales. He was awarded 7,173 units and 2,391 units, each economically equivalent to one share of Calumet, Inc. common stock, increasing his stock-based incentive alignment.
How many restricted stock units did the CLMT CEO receive in this Form 4?
The CEO received 7,173 restricted stock units in one grant and 2,391 restricted stock units in a second grant. Both series of units are tied to Calumet, Inc. common stock and represent additional equity-based compensation rather than cash pay or market trading activity.
Are the newly granted CLMT restricted stock units already vested?
The 7,173 restricted stock units are 100% vested immediately, according to the disclosure. The separate 2,391-unit grant vests gradually, with 25% vesting on July 1 of each year beginning July 1, 2027, creating a longer-term retention incentive structure.
Is this CLMT Form 4 a buy or sell signal for investors?
This Form 4 shows equity awards, not market trades. The CEO did not buy or sell shares on the open market; he received restricted stock units as part of his compensation package, which typically reflects incentive alignment rather than a directional trading decision about the stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
