Krutz John Robert 4

What Happened
John Robert Krutz, Chief Accounting Officer of Calumet, Inc. (CLMT), was granted 2,365 restricted stock units (RSUs) on February 24, 2026. The RSUs were awarded at $0.00 (no cash paid) and are derivative awards that will convert to common stock if and when they vest. Total immediate cash value reported at grant: $0.

Key Details

• Transaction date: February 24, 2026 (Form 4 filed February 26, 2026).
• Grant: 2,365 Restricted Stock Units (RSUs) @ $0.00 (derivative award).
• Vesting: Each RSU equals one share of Calumet common stock; RSUs vest on February 24, 2029 (footnotes F1, F2).
• Shares owned after transaction: Not disclosed in this filing.
• Filing timeliness: Form 4 was filed two days after the transaction; no late filing is indicated.
• No sale, purchase, tax withholding, or cashless exercise reported in this filing.

Context
RSUs are a form of compensation that convert into shares upon vesting; they don’t represent an immediate purchase or sale of stock. Such grants are common for aligning executives with shareholders over time but do not, by themselves, indicate the insider’s view of the company’s near-term stock prospects.