Calumet (CLMT) director granted new restricted stock unit awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Schumacher Amy M reported acquisition or exercise transactions in this Form 4 filing.

Calumet, Inc. director Amy M. Schumacher reported compensation-related equity grants in the form of restricted stock units. On May 28, 2026, she received two awards covering 214 and 644 restricted stock units, each economically equivalent to one share of Calumet common stock.

The 214-unit award is fully vested and will be settled in shares on the earlier of a date she specifies or her termination. The 644-unit award is under the company’s Deferred Compensation Plan, with 25% of those units vesting on July 1 of each year beginning in 2027, and settling on the earlier of a specified date or termination.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Schumacher Amy M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	644	$0.00	--
Grant/Award	Restricted Stock Units	214	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 644 shares (Direct, null); Restricted Stock Units — 214 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. 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. 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 1: 214 restricted stock units RSU grant 2: 644 restricted stock units Underlying common stock: 1 share per restricted stock unit +2 more

5 metrics

RSU grant 1 214 restricted stock units Award to director on May 28, 2026; 100% vested

RSU grant 2 644 restricted stock units Award to director on May 28, 2026 under Deferred Compensation Plan

Underlying common stock 1 share per restricted stock unit Economic equivalence to Calumet common stock, par value $0.01

Vesting schedule 25% annually For 644-unit award, vesting on July 1 each year beginning July 1, 2027

Transaction code Code A (grant/award acquisition) Two derivative transactions on May 28, 2026

Key Terms

Restricted Stock Unit, Deferred Compensation Plan, economic equivalent, vest

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.

economic equivalent financial

"Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock"

vest financial

"25% of the Restricted Stock Units vest on July 1 of each year beginning on July 1, 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.

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 04:06 PM

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^*

Schumacher Amy M

(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)
05/28/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	05/28/2026		A		644		⁽²⁾	⁽²⁾	Common Stock, par value $0.01 per share	644	$0	644	D
Restricted Stock Units	⁽¹⁾	05/28/2026		A		214		⁽³⁾	⁽³⁾	Common Stock, par value $0.01 per share	214	$0	214	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. 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.

3. 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.

	/s/ Connor J. Egan, as attorney-in-fact	06/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Calumet (CLMT) disclose in this Form 4?

Calumet disclosed that director Amy M. Schumacher received two grants of restricted stock units on May 28, 2026. These awards represent equity-based compensation rather than open-market buying or selling of Calumet common stock.

How many restricted stock units did Amy M. Schumacher receive at Calumet (CLMT)?

Amy M. Schumacher received 214 restricted stock units in one award and 644 restricted stock units in a second award. Each unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.

Are the newly granted Calumet (CLMT) restricted stock units vested?

The 214-unit restricted stock award is 100% vested according to the filing. The 644-unit award vests over time, with 25% of those restricted stock units vesting on July 1 of each year beginning on July 1, 2027.

When will Amy M. Schumacher’s Calumet (CLMT) restricted stock units be settled?

Each restricted stock unit will be settled in Calumet common stock on the earlier of a date specified by Amy M. Schumacher or her termination date. The settlement terms apply under the company’s Deferred Compensation Plan, as described in the footnotes.

What does it mean that Calumet (CLMT) restricted stock units are economically equivalent to common stock?

Economically equivalent means each restricted stock unit represents the value of one share of Calumet common stock. When the units settle, the holder receives an equal number of common shares, aligning compensation value with the company’s share price.

Is this Calumet (CLMT) Form 4 an open-market stock purchase or sale?

No, this Form 4 reflects equity compensation grants, not open-market trades. The transactions are coded as awards (code A), indicating the company granted restricted stock units to director Amy M. Schumacher instead of her buying or selling shares in the market.