Calumet CAO granted restricted stock units
Krutz John Robert reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Krutz John Robert reported acquisition or exercise transactions in this Form 4 filing.
Calumet, Inc.’s Chief Accounting Officer John Robert Krutz reported two compensation-related equity awards in the form of restricted stock units. He received 931 Restricted Stock Units, each equal to one share of common stock, which are 100% vested and will be settled on a date he specifies or upon his termination.
He also received 310 Restricted Stock Units that will be settled under the company’s Deferred Compensation Plan on the earlier of a specified date or his termination, with 25% of these units vesting on July 1 of each year beginning on July 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,241 shares
Grant/Award
2 txns
Insider
Krutz John Robert
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 931 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 310 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 931 contracts (Direct);
Restricted Stock Units — 310 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
RSU grant (fully vested): 931 units
RSU grant (deferred): 310 units
Post-grant RSU holding (first award): 931 units
+2 more
5 metrics
RSU grant (fully vested)
931 units
Restricted Stock Units, 100% vested, each equals one common share
RSU grant (deferred)
310 units
Restricted Stock Units under Deferred Compensation Plan
Post-grant RSU holding (first award)
931 units
Total restricted stock units following transaction for first award
Post-grant RSU holding (second award)
310 units
Total restricted stock units following transaction for second award
Deferred vesting schedule
25% per year
310 RSUs vest on July 1 each year starting July 1, 2027
Key Terms
Restricted Stock Unit, Deferred Compensation Plan, vested, 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.
vested financial
"Restricted Stock Units are 100% vested"
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 Calumet (CLMT) report for John Robert Krutz?
Calumet reported that Chief Accounting Officer John Robert Krutz received two grants of restricted stock units as equity compensation. One grant covers 931 units that are fully vested, and another grant covers 310 units subject to future vesting and settlement conditions.
How many restricted stock units did the Calumet (CLMT) CAO receive in total?
John Robert Krutz received two separate restricted stock unit awards: one for 931 units and another for 310 units. Each unit is economically equivalent to one share of Calumet, Inc. common stock, providing him with additional equity-linked compensation instead of a cash transaction.
When do the fully vested Calumet (CLMT) restricted stock units settle for the CAO?
The 931 fully vested restricted stock units will be settled on the earlier of the date specified by John Robert Krutz or his termination date. This means payment timing is flexible but ultimately tied to his service or any earlier election he makes.
How do the 310 Calumet (CLMT) restricted stock units vest and settle?
The 310 restricted stock units vest 25% on July 1 of each year starting July 1, 2027. They will be settled under the Deferred Compensation Plan on the earlier of a date specified by Krutz or his termination, linking both vesting and payout to his continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
