Obermeier Scott 4

What Happened

• Scott Obermeier, EVP — Specialties at Calumet, converted 24,090 restricted stock units (RSUs) into common shares on 2026-03-09. The RSUs converted at $0.00 per share (no cash exercise). To satisfy tax withholding, 10,584 of the issued shares were surrendered, leaving a net issuance to him of 13,506 shares. This was a routine award/vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-09; Report filed: 2026-03-11.
• Conversion / exercise code: M (derivative conversion of RSUs); Tax withholding code: F (10,584 shares surrendered).
• Price per share reported: $0.00 (reflects conversion/vesting, not a cash purchase).
• Net new shares received: 13,506 (24,090 issued − 10,584 withheld for taxes).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — 10,584 shares surrendered to satisfy tax withholding under Rule 16b-3; F2 — each RSU equals one common share; F3 — 100% of the RSUs vested on Feb 21, 2026.
• Filing timeliness: Filed two days after the transaction date; no late-filing flag indicated.

Context

• This was a conversion of vested RSUs (a compensation event), not a market sale or purchase. The surrender of shares to cover taxes is a common, routine practice and doesn't necessarily signal a trading intent. For retail investors, such award conversions increase insider shareholdings (net +13,506 shares) but are standard compensation-related transactions.