Borgmann Louis Todd 4
4 · Calumet Specialty Products Partners, L.P. · Filed Apr 8, 2024
Insider Transaction Report
Form 4
Borgmann Louis Todd
SVP and Interim CFO
Transactions
- Exercise/Conversion
Common Unit
2024-04-04+97,279→ 203,892 total - Tax Payment
Common Unit
2024-04-04−42,479→ 161,413 total - Exercise/Conversion
Phantom Unit
2024-04-04−97,279→ 0 total→ Common Unit (97,279 underlying)
Footnotes (3)
- [F1]The reporting person elected to surrender 42,479 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.