Calumet, Inc. (CLMT) director exercises 13,780 RSUs and surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Calumet, Inc. director Stephen P. Mawer reported compensation-related equity activity. On July 9, 2026, he exercised 13,780 Restricted Stock Units, each convertible into one share of common stock, following 100% vesting on June 2, 2026. In connection with the delivery of these shares, he surrendered 5,512 shares of common stock to satisfy tax withholding liabilities in accordance with Rule 16b-3, a non-market tax-withholding disposition. After these transactions, he held 311,578 shares of Calumet common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,780 shares exercised/converted
Mixed
3 txns
Insider
Mawer Stephen P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 13,780 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 13,780 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 5,512 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock, par value $0.01 per share — 317,090 shares (Direct)
Footnotes (1)
- The reporting person elected to surrender 5,512 shares of Calumet, Inc. common stock, par value $0.01 per share, to satisfy tax withholding liabilities upon delivery of common stock in accordance with Rule 16b-3. Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share. 100% of the Restricted Stock Units vested on June 2, 2026.
Key Figures
RSUs Exercised: 13,780 shares
Shares Surrendered for Taxes: 5,512 shares
Post-Transaction Holdings: 311,578 shares
+1 more
4 metrics
RSUs Exercised
13,780 shares
Restricted Stock Units converted into common stock on July 9, 2026
Shares Surrendered for Taxes
5,512 shares
Common shares surrendered to satisfy tax withholding liabilities under Rule 16b-3
Post-Transaction Holdings
311,578 shares
Calumet common stock held directly after July 9, 2026 transactions
RSU Vesting Date
June 2, 2026
100% of the Restricted Stock Units vested on this date
Key Terms
Restricted Stock Unit, tax withholding liabilities, Rule 16b-3
3 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit is the economic equivalent of one share of Calumet"
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.
tax withholding liabilities financial
"surrender 5,512 shares of Calumet, Inc. common stock to satisfy tax withholding"
Rule 16b-3 regulatory
"to satisfy tax withholding liabilities upon delivery of common stock in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What insider equity transactions did Calumet, Inc. (CLMT) director Stephen P. Mawer report?
Stephen P. Mawer exercised 13,780 Restricted Stock Units into common stock and surrendered 5,512 shares to cover tax withholding obligations, resulting in 311,578 shares of Calumet common stock held directly afterward.
Did Stephen P. Mawer of CLMT make any open-market stock sales or purchases?
The reported activity shows no open-market purchases or sales. Shares were acquired via RSU exercise and 5,512 shares surrendered solely to satisfy tax withholding liabilities in a non-market transaction under Rule 16b-3.
How many Calumet, Inc. (CLMT) RSUs did Stephen P. Mawer exercise and when did they vest?
Stephen P. Mawer exercised 13,780 Restricted Stock Units. Footnotes state that 100% of these RSUs vested on June 2, 2026, and each RSU is the economic equivalent of one share of Calumet common stock.