Calumet director awarded 3,461 restricted stock units
NARWOLD KAREN G reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
NARWOLD KAREN G reported acquisition or exercise transactions in this Form 4 filing.
Calumet, Inc. director Karen G. Narwold received a grant of 3,461 Restricted Stock Units on June 2, 2026. Each unit is the economic equivalent of one share of Calumet common stock. These RSUs vest on the earlier of June 2, 2027 or the company’s 2027 Annual Meeting and will be settled in shares upon vesting.
Insider Trade Summary
Grant/Award: 3,461 shares
Grant/Award
1 txn
Insider
NARWOLD KAREN G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 3,461 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 3,461 contracts (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.
- F2. 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
Shares per RSU: 1 share per unit
Post-grant RSU holdings: 3,461 units
+1 more
4 metrics
RSUs granted
3,461 units
Restricted Stock Units granted on June 2, 2026
Shares per RSU
1 share per unit
Each RSU equals one share of common stock
Post-grant RSU holdings
3,461 units
Total RSUs held after the transaction
Latest vesting date
June 2, 2027
Vests earlier of June 2, 2027 or 2027 Annual Meeting
Key Terms
Restricted Stock Unit, economic equivalent, vest, Annual Meeting
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.
economic equivalent financial
"Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock"
vest financial
"Restricted Stock Units vest upon the earlier of June 2, 2027 or the date on which Calumet, Inc. holds its Annual Meeting in 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.
Annual Meeting financial
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Calumet (CLMT) report for Karen G. Narwold?
Calumet reported that director Karen G. Narwold received a grant of 3,461 Restricted Stock Units. Each unit is economically equivalent to one share of common stock, representing stock-based compensation rather than an open-market purchase or sale.
How many Restricted Stock Units were granted to the Calumet (CLMT) director?
Karen G. Narwold was granted 3,461 Restricted Stock Units. These units are tied to Calumet common stock and represent a form of equity compensation that can convert into shares when they vest, aligning director incentives with shareholder interests over time.
When do the newly granted Calumet (CLMT) RSUs vest for the director?
The 3,461 Restricted Stock Units vest on the earlier of June 2, 2027 or the date Calumet holds its 2027 Annual Meeting. Upon vesting, the RSUs will be settled in shares of Calumet common stock, turning the award into actual share ownership.
Are the Calumet (CLMT) Restricted Stock Units an open-market stock purchase?
No, the 3,461 Restricted Stock Units granted to Karen G. Narwold are a compensation award, not an open-market stock purchase. They are granted at no cash cost, vest over time, and convert into shares when vesting conditions are satisfied.
What does each Calumet (CLMT) Restricted Stock Unit represent?
Each Restricted Stock Unit is the economic equivalent of one share of Calumet common stock. This means that when RSUs vest and are settled, the holder receives one share per unit, directly tying the award’s value to the company’s share price performance.
How many Calumet (CLMT) RSUs does the director hold after this grant?
After this transaction, Karen G. Narwold holds 3,461 Restricted Stock Units directly. This reflects the full size of the newly granted award, which will convert into shares of common stock when the vesting conditions in 2027 are met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
