Borgmann Louis Todd 4
4 · Calumet Specialty Products Partners, L.P. · Filed Aug 3, 2023
Insider Transaction Report
Form 4
Borgmann Louis Todd
SVP and Interim CFO
Transactions
- Exercise/Conversion
Common Units
2023-04-20+42,135→ 111,525.7 total - Tax Payment
Common Units
2023-04-20−18,392→ 93,133.7 total - Award
Phantom Units
2023-08-01+107,428→ 107,428 total→ Common Unit (107,428 underlying) - Exercise/Conversion
Phantom Unit
2023-04-20−42,135→ 0 total→ Common Units (42,135 underlying)
Footnotes (4)
- [F1]The reporting person elected to surrender 18,392 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
- [F2]Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
- [F3]Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. Phantom Units are 100% vested.
- [F4]Phantom Units vest on August 1, 2026. Phantom Units will be settled upon vesting.