Calumet (CLMT) SVP Gregory J. Morical Converts 30,694 RSUs, Surrenders 13,560

What Happened
Gregory J. Morical, Senior Vice President and General Counsel of Calumet, converted 30,694 restricted stock units (RSUs) into common shares on September 25, 2026. No cash was paid (reported price $0.00 per share). To satisfy tax withholding obligations he elected to surrender 13,560 of those shares, leaving a net of 17,134 shares delivered to him. This was a routine RSU vesting/settlement event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-25. Report filed 2026-09-28 (timely within required reporting window).
• Reported transaction codes: M = exercise/conversion of derivative (conversion of RSUs); F = payment of tax liability via share surrender.
• Shares acquired from conversion: 30,694 @ $0.00 per share.
• Shares surrendered for taxes: 13,560 @ $0.00 per share.
• Net shares received: 17,134 (30,694 − 13,560).
• Footnotes: F1 — 13,560 shares surrendered to satisfy tax withholding under Rule 16b-3; F2 — each RSU equals one share; F3 — 100% of the RSUs vested on August 1, 2026.
• Shares owned after the transaction: not specified on the Form 4.

Context
This was a conversion/settlement of vested RSUs, not a market buy or sale. The surrender of shares to cover taxes is a common cashless withholding method and does not necessarily indicate a change in insider sentiment. The RSUs vested earlier (8/1/2026) and were settled on 9/25/2026.