NARWOLD KAREN G 4
4 · Calumet, Inc. /DE · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Calumet (CLMT) Director Karen Narwold Receives RSU Award — 3,461
What Happened
Karen G. Narwold, a director of Calumet, Inc. (CLMT), received a grant of 3,461 restricted stock units (RSUs) on June 2, 2026. The RSUs are recorded as a derivative award at $0.00 per unit (total reported value $0) and represent the right to receive one share of Calumet common stock per RSU upon settlement. This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction type: Award/Grant (code A) — 3,461 RSUs granted on 2026-06-02 at $0.00 per unit (reported as derivative).
- Vesting/settlement: Each RSU equals one share (F1). RSUs vest upon the earlier of June 2, 2027 or Calumet’s 2027 Annual Meeting and will be settled upon vesting (F2).
- Shares owned after transaction: Not disclosed in the provided Form 4.
- Filing: Form 4 filed 2026-06-04 reporting the 2026-06-02 grant — filing appears timely under normal Form 4 reporting rules.
- No 10b5‑1 plan, tax-withholding sale, or exercise noted in this filing.
Context
RSU grants to directors are common compensation awards and represent a future delivery of shares if vesting conditions are met; they do not reflect an immediate cash purchase or sale. Because these RSUs vest in the future, they are not an immediate change in tradable share count for the insider until settlement.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2]2026-06-02+3,461→ 3,461 total→ Common Stock, par value $0.01 per share (3,461 underlying)
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.