Fleming Bruce A 4

What Happened

Bruce A. Fleming, Executive Vice President — Montana Renewables at Calumet, Inc. (CLMT), was granted two awards of restricted stock units (RSUs) on 2026-03-31: 13,047 RSUs and 4,349 RSUs, reported as derivative acquisitions at $0.00 (total 17,396 RSUs). The awards were reported on a Form 4 filed 2026-04-02. RSUs are reported as economic equivalents of common shares and will convert into actual shares under the terms described in the filing.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (timely filing).
• Awards: 13,047 RSUs (A, $0.00) and 4,349 RSUs (A, $0.00); total 17,396 RSUs.
• Price/consideration: $0.00 listed (these are compensation awards, not open-market purchases).
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnotes summary:
  • F1: Each RSU equals one share of Calumet common stock.
  • F2: One grant is 100% vested and will settle on the earlier of a specified date or the reporting person's termination.
  • F3: The other RSUs are under a Deferred Compensation Plan and vest 25% on July 1 of each year beginning July 1, 2027; settlement is on the earlier of a specified date or termination.
• Transaction type: Award/grant (code A), reported as derivative.

Context

These entries are compensation awards (RSUs), not purchases or sales. One award is already 100% vested (economic rights in place) while the other follows a multi-year vesting schedule under deferred compensation. Awards at $0 reflect grant terms rather than a market purchase and do not, by themselves, indicate the insider is buying or selling shares in the market.