Calumet SVP receives new restricted stock awards
Morical Gregory J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Morical Gregory J reported acquisition or exercise transactions in this Form 4 filing.
Calumet, Inc. (CLMT) senior vice president and general counsel Gregory J. Morical received two grants of restricted stock units. One award covers 1,002 Restricted Stock Units that are 100% vested and economically equal to 1,002 shares of common stock, to be settled on a date he specifies or on his termination.
A second award covers 334 Restricted Stock Units, each equal to one share of common stock, to be settled under the Deferred Compensation Plan on the earlier of a specified date or his termination date. For this award, 25% of the units vest on July 1 of each year beginning on July 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,336 shares
Grant/Award
2 txns
Insider
Morical Gregory J
Role
SVP, GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 1,002 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 334 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 1,002 contracts (Direct);
Restricted Stock Units — 334 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
RSUs granted (fully vested award): 1,002 Restricted Stock Units
RSUs granted (deferred award): 334 Restricted Stock Units
Vesting rate for 334 RSUs: 25% per year
+1 more
4 metrics
RSUs granted (fully vested award)
1,002 Restricted Stock Units
Grant/award acquisition on March 31, 2026; 100% vested
RSUs granted (deferred award)
334 Restricted Stock Units
Grant/award acquisition on March 31, 2026 under Deferred Compensation Plan
Vesting rate for 334 RSUs
25% per year
Vests on July 1 of each year beginning July 1, 2027
Units per common share
1 unit = 1 share
Each Restricted Stock Unit equals one share of common stock, par $0.01
Key Terms
Restricted Stock Unit, Deferred Compensation Plan, vest, termination date
4 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.
Deferred Compensation Plan financial
"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"
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 beginning on July 1, 2027"
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.
termination date financial
"settled upon the earlier of the date specified by the reporting person or the reporting person's termination date"
Termination date is the specific calendar day when a contract, agreement, option or other legal arrangement stops being in effect and any remaining rights or obligations expire. For investors it matters because that date sets deadlines for exercising rights, receiving payments, closing positions or avoiding penalties—similar to the day a lease or warranty ends, after which parties no longer have the same protections or claims.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CLMT executive Gregory J. Morical report?
Gregory J. Morical reported receiving two grants of restricted stock units from Calumet, Inc. One award covers 1,002 units that are fully vested, and another covers 334 units subject to scheduled vesting beginning in 2027, both economically equivalent to common shares.
How many restricted stock units did the CLMT SVP and general counsel receive?
He received 1,002 Restricted Stock Units in one award and 334 Restricted Stock Units in a second award. Each unit is the economic equivalent of one share of Calumet, Inc. common stock, aligning his compensation more closely with the company’s equity performance.
When do Gregory J. Morical’s 1,002 CLMT restricted stock units settle?
The 1,002 Restricted Stock Units will be settled on the earlier of a date specified by Gregory J. Morical or his termination date. These units are already 100% vested, meaning they are fully earned and only settlement timing remains outstanding.
What is the vesting schedule for Gregory J. Morical’s 334 CLMT restricted stock units?
For the 334 Restricted Stock Units, 25% vest on July 1 of each year starting July 1, 2027. Settlement occurs on the earlier of a date he specifies or his termination date under the company’s Deferred Compensation Plan, creating a multi-year vesting timeline.
Does this CLMT Form 4 reflect any stock sales by Gregory J. Morical?
No stock sales are shown. The Form 4 only reports grant or award acquisitions of restricted stock units. Both transactions use code “A,” indicating grants or awards, with no dispositions or open-market sales reported for the covered date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
