Raymond Paul C 4

What Happened

• Raymond Paul C, a director of Calumet, Inc. (CLMT), was granted 3,461 restricted stock units (RSUs) on June 2, 2026. The Form 4 lists the acquisition as 3,461 units at $0.00 (derivative award), meaning no cash changed hands at grant.

Key Details

• Transaction date: 2026-06-02; Filing date: 2026-06-04 (appears timely).
• Award type/code: A (grant/award of RSUs); reported as derivative (not an open-market purchase).
• Number of RSUs granted: 3,461; reported dollar amount on Form 4: $0.00 (typical for RSU grants).
• Shares owned after the transaction: Not provided on the Form 4 excerpt supplied.
• Footnotes: F1 — Each RSU equals the economic equivalent of one share of Calumet common stock. F2 — RSUs vest upon the earlier of June 2, 2027 or Calumet’s 2027 Annual Meeting and will be settled (converted into shares) upon vesting.

Context

• RSU grants are compensation/retention awards rather than purchases or sales; they do not necessarily signal buying or selling intent. Upon vesting the RSUs will convert to common shares (subject to any company settlement rules or tax withholding).