CVR Energy (CVI) officer exercises incentive units, sells shares and receives 16,980 new units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CVR Energy’s EVP & Chief Commercial Officer reported multiple incentive-unit vestings and related stock transactions dated 12/10/2025. Previously granted Incentive Units from 2022, 2023 and 2024 vested in part, were converted into a total of 4,425, 5,701 and 9,825 shares of common stock at an exercise price of $0, and those shares were then disposed of at a price of $33.98 per share. Following these transactions, no directly held common shares are shown.
The executive also received a new award of 16,980 Incentive Units on 12/10/2025. These units vest in equal annual installments over three years and, upon vesting, each unit can settle in either one share of CVR Energy common stock or a cash payment based on the average closing price over the 10 trading days before vesting, as determined by the Board or Compensation Committee.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,951 shares exercised/converted
Mixed
10 txns
Insider
Johnson Charles Douglas
Role
EVP & Chief Commercial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Incentive Units | 4,425 | $0.00 | -- |
| Exercise | Incentive Units | 5,701 | $0.00 | -- |
| Exercise | Incentive Units | 9,825 | $0.00 | -- |
| Grant/Award | Incentive Units | 16,980 | $0.00 | -- |
| Exercise | Common Stock | 4,425 | $0.00 | -- |
| Disposition | Common Stock | 4,425 | $33.98 | $150K |
| Exercise | Common Stock | 5,701 | $0.00 | -- |
| Disposition | Common Stock | 5,701 | $33.98 | $194K |
| Exercise | Common Stock | 9,825 | $0.00 | -- |
| Disposition | Common Stock | 9,825 | $33.98 | $334K |
Holdings After Transaction:
Incentive Units — 0 shares (Direct);
Common Stock — 4,425 shares (Direct)
Footnotes (1)
- The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 14, 2022. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement. Each Incentive Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days immediately preceding the vest date. This price represents the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days immediately preceding the vest date. The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 13, 2023. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement. The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 11, 2024. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement. Each Incentive Unit reported herein represents the right to receive upon vesting, one share of CVR Energy, Inc. common stock or a cash payment equal to the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days immediately preceding the vest date, as determined by the Board or the Compensation Committee, as applicable, in its sole discretion. The Incentive Units expire immediately upon vest. The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 10, 2025. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
FAQ
What insider transaction did CVR Energy (CVI) report for its EVP & Chief Commercial Officer?
The EVP & Chief Commercial Officer reported the vesting and exercise of several tranches of previously granted Incentive Units into 4,425, 5,701 and 9,825 shares of CVR Energy common stock, followed by the disposition of those shares at $33.98 per share on 12/10/2025.
Did the CVR Energy (CVI) executive receive a new equity-based award?
Yes. On 12/10/2025 the executive received a new grant of 16,980 Incentive Units, which vest ratably in annual installments in December of each of the three years following the grant date, subject to the award agreement.
How do CVR Energy (CVI) Incentive Units settle upon vesting?
For earlier awards, each Incentive Unit represents the right to receive a cash amount equal to the average closing price of a share of CVR Energy common stock over the 10 trading days before vesting. For certain awards, each unit may instead deliver one share of common stock or a cash payment based on that 10-day average, as decided by the Board or Compensation Committee.
What vesting schedule applies to the CVR Energy (CVI) Incentive Units granted in 2022, 2023, 2024 and 2025?
The Incentive Units granted in December 2022, December 2023, December 2024 and December 2025 each vest ratably in annual installments in December of each of the three years following the respective grant date, subject to the terms and conditions of the applicable award agreement.
Does the CVR Energy (CVI) executive directly own common stock after the reported transactions?
The table of non-derivative securities shows that, after the reported exercises and dispositions on 12/10/2025, the amount of directly held common stock is listed as 0 shares, while derivative holdings consist of Incentive Units.