Calumet (CLMT) Director Raymond Paul C Receives RSU Award

What Happened

• Raymond Paul C, a director of Calumet, Inc. (CLMT), was awarded two grants of restricted stock units (RSUs) on 2026-08-20: 534 RSUs and 178 RSUs, for a total of 712 RSUs. The grants are reported as derivative acquisitions at $0.00 per unit (typical for RSU awards; no cash paid).
• These RSUs represent the economic equivalent of common shares and will convert to stock upon settlement. One set of units is 100% vested and eligible for settlement upon the earlier of a specified date or the director’s termination; the other set is subject to the company’s Deferred Compensation Plan and vests 25% on July 1 each year beginning July 1, 2027.

Key Details

• Transaction date: 2026-08-20; Report filed: 2026-08-21 (timely filing).
• Price reported: $0.00 per unit (award/derivative grant).
• Total units granted: 712 RSUs (534 + 178).
• Shares owned after the transaction: Not specified in the Form 4.
• Notable footnotes: F1 — each RSU equals one share economically; F2 — certain RSUs are 100% vested and settle upon a specified date or termination; F3 — other RSUs are under the Deferred Compensation Plan with 25% annual vesting from 7/1/2027.
• Transaction code: A (award/grant).

Context

• RSU grants are compensation awards, not open‑market purchases or sales; they don’t directly signal buying or selling sentiment until settled and/or sold. One award here is immediately vested (giving immediate economic interest), while the other is deferred and vests over time.