Boss John G. 4

What Happened

• John G. Boss, a Calumet, Inc. (CLMT) director, was granted a total of 341 restricted stock units (RSUs) on February 24, 2026 — two awards of 256 and 85 RSUs. The Form 4 reports these as awards (transaction code A) with a reported acquisition price of $0.00 (derivative RSUs), so the filing shows $0 paid at grant. RSUs represent rights to receive shares in the future rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (filed within the usual two-business-day window).
• Grants: 256 RSUs and 85 RSUs; price reported on form: $0.00 (derivative award).
• Shares owned after the transaction: not specified in the provided summary of the filing.
• Footnotes in the filing:
  • F1: Each RSU is economically equivalent to one share of Calumet common stock.
  • F2: Some RSUs will be settled upon the earlier of a specified date or the reporting person's termination date and are 100% vested.
  • F3: Other RSUs are deferred under a Deferred Compensation Plan and vest 25% on July 1 of each year beginning July 1, 2027.
• Transaction code: A = Award/Grant.

Context

• RSUs are derivative compensation awards that convert into shares (or cash) per their settlement terms; they require no cash outlay by the insider at grant. A portion noted as 100% vested could be settled sooner, while the deferred-comp RSUs follow an annual vesting schedule starting in 2027. Awards are routine executive/director compensation and are not the same as open-market purchases (which some investors view as a stronger direct bullish signal).