Calumet, Inc. (CLMT) director exercises 7,067 RSUs into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Calumet, Inc. director Julio M. Quintana exercised restricted stock units into common stock. On July 9, 2026, he converted 7,067 restricted stock units into 7,067 shares of common stock, par value $0.01 per share. Following the transaction, he held 7,067 common shares directly. The restricted stock units, each economically equivalent to one share of common stock, had 100% vested on June 2, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,067 shares exercised/converted
Mixed
2 txns
Insider
Quintana Julio M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,067 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 7,067 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock, par value $0.01 per share — 7,067 shares (Direct)
Footnotes (1)
- 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: 7,067 units
Common shares acquired: 7,067 shares
Shares held after transaction: 7,067 shares
+2 more
5 metrics
RSUs exercised
7,067 units
Restricted stock units converted to common stock on July 9, 2026
Common shares acquired
7,067 shares
Common Stock, par value $0.01 per share, received upon RSU conversion
Shares held after transaction
7,067 shares
Direct ownership reported following the July 9, 2026 exercise
RSU vesting date
June 2, 2026
100% of the restricted stock units vested on this date
Exercise price per share
$0.0000
Reported transaction price per share for the RSU conversion
Key Terms
Restricted Stock Unit, economic equivalent, derivative exercise/conversion, par value $0.01 per share
4 terms
Restricted Stock Unit financial
"Security title reported as "Restricted Stock Unit" in the derivative transaction"
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 common stock"
derivative exercise/conversion financial
"Transaction action described as derivative exercise/conversion for the RSUs"
FAQ
What did Calumet, Inc. (CLMT) director Julio M. Quintana report in this Form 4?
Julio M. Quintana reported the exercise of 7,067 restricted stock units into 7,067 shares of Calumet, Inc. common stock. This reflects the settlement of vested equity awards into directly held shares.
What type of securities did the Form 4 for Calumet, Inc. (CLMT) involve?
The Form 4 involved restricted stock units that were economically equivalent to Calumet, Inc. common stock, and their conversion into common stock, par value $0.01 per share, as part of director equity compensation.
When did the restricted stock units for Calumet, Inc. (CLMT) fully vest?
The restricted stock units 100% vested on June 2, 2026. After this vesting date, the units were eligible to be converted into shares of common stock, which occurred in the reported July 9, 2026 transaction.
Was there any open-market buying or selling in this Calumet, Inc. (CLMT) Form 4?
No. The Form 4 shows a derivative exercise/conversion of restricted stock units into common stock, with no open-market purchases or sales reported and no tax-withholding dispositions indicated.