Calumet (CLMT) director receives 3,461 Restricted Stock Units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SANDERS BRADFORD TIMOTHY reported acquisition or exercise transactions in this Form 4 filing.
Calumet, Inc. director Bradford Timothy Sanders received a grant of 3,461 Restricted Stock Units (RSUs) that are the economic equivalent of 3,461 shares of common stock. The RSUs vest on the earlier of June 2, 2027 or the company’s 2027 Annual Meeting and will be settled in shares upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SANDERS BRADFORD TIMOTHY
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)
- 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
Equivalent shares: 3,461 shares
Grant price: $0.00 per unit
+2 more
5 metrics
RSUs granted
3,461 units
Restricted Stock Units awarded to director on June 2, 2026
Equivalent shares
3,461 shares
Each RSU equals one share of common stock
Grant price
$0.00 per unit
Equity award, no cash paid by director
Post-award RSUs
3,461 units
Total derivative holdings following the transaction
Vesting date trigger
June 2, 2027
Vests earlier of June 2, 2027 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.
FAQ
What insider transaction did CLMT director Bradford Timothy Sanders report?
Bradford Timothy Sanders reported receiving 3,461 Restricted Stock Units in Calumet, Inc. This award is a form of equity compensation and represents future common stock, subject to vesting conditions described in the filing’s footnotes.
How many RSUs were granted to the Calumet (CLMT) director?
The director received 3,461 Restricted Stock Units from Calumet, Inc. Each unit is the economic equivalent of one share of common stock, providing potential future ownership once the units vest and are settled in shares.
When do the newly granted CLMT Restricted Stock Units vest?
The Restricted Stock Units vest on the earlier of June 2, 2027 or the date Calumet, Inc. holds its 2027 Annual Meeting. Vesting must occur before the RSUs are settled into shares of common stock for the director.
What does each Calumet (CLMT) Restricted Stock Unit represent?
Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock. After vesting, the RSUs will be settled in shares, aligning the director’s compensation with shareholder value over time.
Is the CLMT director’s RSU grant a market purchase of stock?
No, the grant is an equity award, not an open-market stock purchase. The director receives 3,461 RSUs at no cash cost, which convert into common shares only after satisfying the vesting conditions set for 2027.