Calumet director granted 3,461 RSUs

Twitchell Karen A. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Twitchell Karen A. reported acquisition or exercise transactions in this Form 4 filing.

Calumet, Inc. director Karen A. Twitchell received a grant of 3,461 restricted stock units (RSUs). Each RSU is the economic equivalent of one share of Calumet common stock. The RSUs vest on the earlier of June 2, 2027 or the company’s 2027 annual meeting and will be settled upon vesting.

After this compensation-related award, Twitchell holds 3,461 RSUs directly. This is a routine equity grant to a director, not an open-market share purchase or sale.

Insider Trade Summary

Grant/Award: 3,461 shares

Grant/Award 1 txn

Insider Twitchell Karen A.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	3,461	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 3,461 contracts (Direct)

Footnotes (2)

1. F1. Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.
2. F2. Restricted Stock Units vest upon the earlier of June 2, 2027 or the date on which Calumet, Inc. holds its Annual Meeting in 2027. Restricted Stock Units will be settled upon vesting.

Key Figures

RSUs granted: 3,461 units RSU grant price: $0.00 per unit Underlying common shares: 3,461 shares +2 more

5 metrics

RSUs granted 3,461 units Restricted Stock Units granted to director on June 2, 2026

RSU grant price $0.00 per unit Equity award with no cash exercise price

Underlying common shares 3,461 shares Each RSU equals one share of common stock

Holdings after transaction 3,461 RSUs Total restricted stock units held directly after grant

Vesting date Earlier of June 2, 2027 or 2027 annual meeting RSUs vest and will be settled upon vesting

Key Terms

Restricted Stock Unit, economic equivalent, Annual Meeting

3 terms

Restricted Stock Unit financial

"Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock"

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.

economic equivalent financial

"Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock"

Annual Meeting financial

"vest upon the earlier of June 2, 2027 or the date on which Calumet, Inc. holds its Annual Meeting in 2027"

A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Calumet (CLMT) report for Karen A. Twitchell?

Calumet reported a grant of 3,461 restricted stock units to director Karen A. Twitchell. These RSUs are equity-based compensation rather than an open-market trade and are economically equivalent to 3,461 shares of Calumet common stock when they vest and settle.

How many restricted stock units did the Calumet (CLMT) director receive?

Director Karen A. Twitchell received 3,461 restricted stock units. Each unit represents the economic equivalent of one share of Calumet common stock, providing equity-based compensation that aligns her interests with shareholders once the units vest and are settled into shares.

When do Karen A. Twitchell’s Calumet (CLMT) RSUs vest?

The restricted stock units vest on the earlier of June 2, 2027 or the date Calumet holds its 2027 annual meeting. At that time, the RSUs will be settled, meaning the director receives the underlying economic value in common stock equivalents.

Is the Calumet (CLMT) Form 4 a stock purchase or sale?

The Form 4 reflects an equity grant, not a market purchase or sale. Karen A. Twitchell received 3,461 restricted stock units as compensation, with no cash price paid per unit and no open-market transaction involved in this reported acquisition.

How many Calumet (CLMT) RSUs does Karen A. Twitchell hold after this grant?

Following the reported grant, Karen A. Twitchell directly holds 3,461 restricted stock units. This total matches the number granted in the filing and represents her reported RSU position after the transaction disclosed in this Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/04/2026 - 04:28 PM Learn about SEC filing dates

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^*

Twitchell Karen A.

(Last) (First) (Middle)

1060 N CAPITOL AVE

SUITE 6-401

(Street)

INDIANAPOLIS INDIANA 46204

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

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

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

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

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)	06/02/2026		A		3,461		(2)	(2)	Common Stock, par value $0.01 per share	3,461	$0	3,461	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. Restricted Stock Units vest upon the earlier of June 2, 2027 or the date on which Calumet, Inc. holds its Annual Meeting in 2027. Restricted Stock Units will be settled upon vesting.

	/s/ Connor J. Egan, as attorney-in-fact	06/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)