Lunin David 4

What Happened

• David Lunin, EVP and CFO of Calumet, Inc. (CLMT), received two restricted stock unit (RSU) grants on February 24, 2026 totaling 16,866 RSUs (9,786 RSUs + 7,080 RSUs). Each RSU is the economic equivalent of one share; the grants show an acquisition price of $0.00 because these are compensation awards, not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-24; filing date: 2026-02-26 (timely filing).
• Grants: 9,786 RSUs (vests Feb 24, 2029) and 7,080 RSUs (2025 performance-based RSUs; performance certified and subject to service-based vesting through Feb 25, 2028).
• Price: $0.00 per RSU (award/grant; code A; derivative instrument).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 confirms each RSU equals one share; F2 notes the 7,080 RSUs are performance-based with service vesting to Feb 25, 2028; F3 notes the 9,786 RSUs vest on Feb 24, 2029.
• Filing timeliness: Report filed two days after the transaction date (not indicated as late).

Context

• RSU grants are compensation awards that convert into common stock (or cash in some plans) upon vesting; they are not an open-market buy or sell and do not by themselves signal an immediate purchase/sale intent.
• Typically, taxes are withheld at vesting which can reduce net shares delivered; the filing does not show withholding details.