Calumet (CLMT) director receives new restricted stock unit awards

Rhea-AI Filing Summary

Calumet, Inc. director Amy M. Schumacher reported the grant of two sets of restricted stock units tied to the company’s common stock. She acquired 782 Restricted Stock Units that are already 100% vested and will be settled upon the earlier of a date she specifies or her termination. She also received 260 Restricted Stock Units under a deferred compensation plan, with 25% scheduled to vest on July 1 of each year beginning in 2027, and these units will be settled on the earlier of a specified date or her termination.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Schumacher Amy M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	782	$0.00	--
Grant/Award	Restricted Stock Units	260	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 782 shares (Direct); Restricted Stock Units — 260 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schumacher Amy M

(Last) (First) (Middle)

1060 N CAPITOL AVE

SUITE 6-401

(Street)

INDIANAPOLIS IN 46204

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Calumet, Inc. /DE [ CLMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	02/24/2026		A		782		(2)	(2)	Common Stock, par value $0.01 per share	782	$0	782	D
Restricted Stock Units	(1)	02/24/2026		A		260		(3)	(3)	Common Stock, par value $0.01 per share	260	$0	260	D

Explanation of Responses:

1. Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.

2. 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.

3. 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.

	/s/ Connor J. Egan, as attorney-in-fact	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Calumet (CLMT) report for Amy M. Schumacher?

Calumet reported that director Amy M. Schumacher received two grants of restricted stock units. She acquired 782 fully vested units and an additional 260 units under a deferred compensation plan, each economically equivalent to one share of Calumet common stock.

How many restricted stock units did Amy M. Schumacher receive from Calumet (CLMT)?

Amy M. Schumacher received a total of 1,042 restricted stock units. One grant covers 782 fully vested units, while the second grant covers 260 units that vest over time under Calumet’s deferred compensation structure.

What are the vesting terms for the 782 Calumet (CLMT) restricted stock units?

The 782 restricted stock units granted to Amy M. Schumacher are 100% vested immediately. These units will be settled in shares upon the earlier of a date she specifies or the date her service terminates, providing her with flexibility on settlement timing.

How do the 260 deferred restricted stock units for Calumet (CLMT) vest?

The 260 restricted stock units vest under Calumet’s Deferred Compensation Plan. Twenty-five percent vest on July 1 of each year, starting July 1, 2027, with settlement occurring on the earlier of a date specified by Schumacher or her termination date.

What does each Calumet (CLMT) restricted stock unit represent?

Each restricted stock unit is economically equivalent to one share of Calumet, Inc. common stock. This means that upon settlement, each unit will deliver value corresponding to a single share, aligning director compensation with shareholder interests through equity-linked awards.