Quintana Julio M 4

What Happened Julio M. Quintana, a director of Calumet, Inc. (CLMT), performed a derivative conversion on July 9, 2026: 7,067 restricted stock units (RSUs) were converted into 7,067 shares (reported as an "exercise/conversion of derivative" (code M)). The filing shows an acquisition of 7,067 shares at $0.00 and a matching disposition of 7,067 shares at $0.00 (no cash amount reported).

Key Details

• Transaction date: 2026-07-09; Form 4 filed: 2026-07-13 (filed within the typical two-business-day window).
• Reported amounts: 7,067 shares acquired via conversion and 7,067 shares disposed; both at $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — each RSU equals one share of Calumet common stock; F2 — 100% of these RSUs vested on June 2, 2026.
• Transaction code: M = exercise or conversion of a derivative instrument.

Context This was a conversion/settlement of vested RSUs rather than an open-market buy or sale. The matching $0.00 disposal often reflects company withholding or settlement mechanics when RSUs convert to stock (for example, withholding shares to cover taxes), rather than an arm’s-length sale for cash. Such conversions are routine for vested equity awards and do not necessarily signal a change in insider sentiment.