Raymond Paul C 4

What Happened Raymond Paul C, a director of Calumet, Inc. (CLMT), was granted two restricted stock unit (RSU) awards on February 24, 2026 totaling 1,138 RSUs (854 RSUs and 284 RSUs). Each unit is the economic equivalent of one share of Calumet common stock; both awards were reported as derivative grants with an acquisition price of $0.00.

Key Details

• Transaction date: 2026-02-24 (Form 4 filed 2026-02-26 — timely filing).
• Grants: 854 RSUs and 284 RSUs, total 1,138 RSUs; reported as code "A" (award/grant).
• Price: $0.00 (units granted as compensation/derivative, not purchased).
• Footnotes: F1 defines an RSU as economically equivalent to one share. Footnote detail indicates some RSUs are 100% vested and settle upon a specified date or the director’s termination; other RSUs are deferred under the Deferred Compensation Plan and vest 25% on July 1 of each year beginning July 1, 2027.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context This transaction is a compensation award (RSUs), not an open-market purchase or sale. RSUs are derivative awards that convert to shares on settlement according to the stated vesting/settlement rules; some units appear immediately vested while others are deferred with multi-year vesting. Such grants are common for director compensation and do not by themselves indicate a buy or sell signal.