Director at Calumet (NASDAQ: CLMT) receives 3,461 RSUs as equity award

Rhea-AI Filing Summary

Boss John G. reported acquisition or exercise transactions in this Form 4 filing.

Calumet, Inc. director John G. Boss received a grant of 3,461 Restricted Stock Units (RSUs). Each RSU represents the economic equivalent of one share of Calumet common stock. Following this award, he holds 3,461 RSUs directly.

The RSUs vest upon the earlier of June 2, 2027 or the date Calumet holds its 2027 Annual Meeting, and will be settled in shares when they vest. This is a compensation-related equity award rather than an open‑market stock purchase or sale.

Insights

Equity compensation analyst

Routine director RSU grant with time-based vesting, not a market trade.

This Form 4 reports a grant of 3,461 Restricted Stock Units to director John G. Boss at a price of $0.00 per unit, reflecting stock-based compensation rather than a cash investment or sale. Each RSU equals one Calumet common share economically.

The RSUs vest on the earlier of June 2, 2027 or the company’s 2027 Annual Meeting, then settle in shares. With 3,461 RSUs shown as held after the transaction and no remaining derivative positions listed, this appears to be a straightforward, time-based award typical for board compensation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Boss John G.

Role null

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

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

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. 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 RSUs held after grant: 3,461 units +1 more

4 metrics

RSUs granted 3,461 units Restricted Stock Unit award to director John G. Boss

RSU grant price $0.00 per unit Equity compensation, non-cash award

RSUs held after grant 3,461 units Total Restricted Stock Units directly owned post-transaction

RSU vesting date June 2, 2027 Vests on earlier of this date or 2027 Annual Meeting

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.

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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^*

Boss John G.

(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)

FAQ

What did Calumet (CLMT) director John G. Boss report on this Form 4?

He reported receiving a grant of 3,461 Restricted Stock Units as equity compensation. These RSUs are derivatives economically equivalent to Calumet common shares and were awarded at a price of $0.00 per unit rather than through an open‑market transaction.

How many Restricted Stock Units did John G. Boss receive from Calumet (CLMT)?

He received 3,461 Restricted Stock Units. After the grant, his direct holdings in this derivative security total 3,461 units, matching the award size and indicating this filing reflects a single new RSU grant rather than multiple transactions.

When do the Calumet (CLMT) RSUs granted to John G. Boss vest?

The RSUs vest upon the earlier of June 2, 2027 or the date Calumet holds its Annual Meeting in 2027. Once vested, the Restricted Stock Units will be settled in shares of Calumet common stock according to the award terms.

Are the Calumet (CLMT) RSUs in this Form 4 equivalent to common stock?

Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock. While classified as a derivative security, upon vesting and settlement they deliver the value of a single common share per unit to the reporting person.

Does this Calumet (CLMT) Form 4 show an insider stock purchase or sale?

No. The filing shows a grant of 3,461 Restricted Stock Units as compensation, coded as a grant/award acquisition. There is no open‑market purchase or sale; the transaction price per unit is $0.00, reflecting a non‑cash equity award.