Calumet (CLMT) grants EVP 17,392 restricted stock units

Rhea-AI Filing Summary

Obermeier Scott reported acquisition or exercise transactions in this Form 4 filing.

Calumet, Inc. granted Executive Vice President – Specialties Scott Obermeier a total of 17,392 restricted stock units, each equivalent to one share of Calumet common stock.

Of these, 9,654 units are 2025 performance-based awards that remain subject to service-based vesting through February 25, 2028, and 7,738 additional units vest on February 24, 2029.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Obermeier Scott

Role EVP - SPECIALTIES

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	9,654	$0.00	--
Grant/Award	Restricted Stock Unit	7,738	$0.00	--

Holdings After Transaction: Restricted Stock Units — 9,654 shares (Direct); Restricted Stock Unit — 7,738 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. Reflects 2025 performance-based restricted stock units, for which performance was certified by the Company's Board of Directors on the transaction date. These Restricted Stock Units remain subject to service based vesting requirements through February 25, 2028. These Restricted Stock Units vest on February 24, 2029.

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^*

Obermeier Scott

(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)

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

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 Units	(1)	02/24/2026		A		9,654		(2)	(2)	Common Stock, par value $0.01 per share	9,654	$0	9,654	D
Restricted Stock Unit	(1)	02/24/2026		A		7,738		(3)	(3)	Common Stock, par value $0.01 per share	7,738	$0	7,738	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. Reflects 2025 performance-based restricted stock units, for which performance was certified by the Company's Board of Directors on the transaction date. These Restricted Stock Units remain subject to service based vesting requirements through February 25, 2028.

3. These Restricted Stock Units vest on February 24, 2029.

	/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 equity awards did CLMT grant to EVP Scott Obermeier?

Calumet granted EVP Scott Obermeier 17,392 restricted stock units. 9,654 units are 2025 performance-based awards with service vesting, and 7,738 units are time-based RSUs, all economically equivalent to Calumet common shares.

How many restricted stock units did CLMT award in this Form 4?

The filing reports a grant of 17,392 restricted stock units to executive Scott Obermeier. This includes 9,654 performance-based units and 7,738 time-based units, each representing the economic equivalent of one share of Calumet common stock.

When do Scott Obermeier’s CLMT performance-based RSUs vest?

The 2025 performance-based restricted stock units granted to Scott Obermeier remain subject to service-based vesting requirements through February 25, 2028. Performance for these units was certified by Calumet’s Board of Directors on the transaction date.

What is the vesting date for the time-based CLMT restricted stock units?

The time-based restricted stock units reported for Scott Obermeier vest on February 24, 2029. These RSUs are separate from the 2025 performance-based awards and provide longer-term equity alignment with Calumet’s common shareholders.

How are Calumet (CLMT) restricted stock units economically treated?

Each restricted stock unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01. This means the value of the RSUs tracks the value of the company’s common equity over time.