Borgmann Louis Todd 4
4 · Calumet, Inc. /DE · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Calumet (CLMT) CEO Louis Borgmann Receives 9,564 RSU Award
What Happened
Borgmann Louis Todd (CEO) was granted two restricted stock unit (RSU) awards on 2026-03-31: 7,173 RSUs and 2,391 RSUs, totaling 9,564 RSUs. Each award shows an acquisition price of $0.00 (i.e., these are awards/derivative grants, not open-market purchases), and the filing classifies them as derivative awards.
Key Details
- Transaction date(s) and price: 2026-03-31, 7,173 RSUs @ $0.00 and 2,391 RSUs @ $0.00.
- Total RSUs granted: 9,564.
- Shares owned after transaction: not specified in the provided filing.
- Filing: Form 4 filed 2026-04-02 (reporting period 2026-03-31). No late filing indicator noted.
- Notable footnotes from the filing:
- F1: Each RSU equals the economic equivalent of one share of Calumet common stock.
- F2: One grant is 100% vested and will be settled upon the earlier of a date specified by the reporting person or the reporting person’s termination.
- F3: The other grant is under the Deferred Compensation Plan and vests 25% on July 1 of each year beginning July 1, 2027; settlement occurs upon the earlier of a specified date or termination.
Context
RSUs are derivative awards that convert into underlying shares (one RSU = one share) when settled/vested; they are not an open-market purchase or sale. One of these awards is already fully vested (per the filing), while the other follows a multi-year vesting schedule under the Deferred Compensation Plan. Award grants are common executive compensation events and are not direct indicators of a buy/sell market signal.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2]2026-03-31+7,173→ 7,173 total→ Common Stock, par value $0.01 per share (7,173 underlying) - Award
Restricted Stock Units
[F1][F3]2026-03-31+2,391→ 2,391 total→ Common Stock, par value $0.01 per share (2,391 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit is the economic equivalent of one share of Calumet, Inc. common stock, par value $0.01 per share.
- [F2]Each Restricted Stock Unit will become settled upon the earlier of the date specified by the reporting person or the reporting person's termination date. Restricted Stock Units are 100% vested.
- [F3]Each Restricted Stock Unit will be settled upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. 25% of the Restricted Stock Units vest on July 1 of each year beginning on July 1, 2027.