Morical Gregory J 4

What Happened
Gregory J. Morical, Senior Vice President and General Counsel of Calumet, Inc. (CLMT), was granted a total of 10,629 Restricted Stock Units (RSUs) on February 24, 2026 — 6,197 RSUs and 4,432 RSUs in two award entries. Each RSU is the economic equivalent of one share of common stock and was recorded at $0.00 (no cash paid). These awards are derivative equity compensation, not open-market purchases or sales.

Key Details

• Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (two days after the transaction).
• Award details: 6,197 RSUs and 4,432 RSUs granted; total = 10,629 RSUs; $0.00 per share (derivative awards).
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: the filing notes that RSUs are equivalent to shares (F1); some awards reflect 2025 performance-based RSUs certified by the board and remain subject to service-based vesting through Feb 25, 2028 (F2); other RSUs vest on Feb 24, 2029 (F3).
• No sale, purchase, or tax-withholding details were reported in this filing.

Context
RSU awards are a form of compensation and common for executives; they do not represent an immediate cash investment signal and are typically subject to vesting and other service or performance conditions. Because these RSUs vest in future years, they are not immediately tradable and should be viewed as part of executive pay rather than an active buy/sell indicating near-term insider sentiment.