Capps J. Travis Jr. 4
4 · CVR ENERGY INC · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
CVR Energy EVP J. Travis Capps Receives 27,824 Incentive Units
What Happened
Capps J. Travis Jr., EVP & Chief Commercial Officer of CVR Energy, Inc. (CVI), was awarded 27,824 incentive units (derivative awards) on February 18, 2026. The units were granted at $0.00 (no cash paid at grant) and represent rights that will convert to one share of CVR Energy common stock—or a cash payment equal to the 10‑day average closing price before vesting—when they vest.
Key Details
- Transaction type: Award/Grant (code A); derivative security (Incentive Units).
- Grant date: 2026-02-18; Filing date: 2026-02-20 (timely filing).
- Units granted: 27,824; acquisition price reported: $0.00.
- Vesting: Ratably in annual installments each February over the three years following the grant (i.e., roughly one-third each year).
- Settlement: Each unit converts upon vest to one share or a cash payment equal to the 10-trading-day average closing price prior to vesting (conversion/settlement occurs immediately upon vest).
- Shares owned after the transaction: Not disclosed in this Form 4.
Context
This is an equity award tied to employment and future vesting rather than an open‑market purchase or sale. Such grants are common for newly appointed officers; they do not represent an immediate purchase of shares and only convert to stock or cash if and when vesting conditions are met.
Insider Transaction Report
- Award
Incentive Units
[F1][F2][F3]2026-02-18+27,824→ 27,824 total→ Common Stock (27,824 underlying)
Footnotes (3)
- [F1]The Incentive Units were awarded to the reporting person by CVR Energy, Inc. on February 18, 2026, in connection with his hire and appointment as an officer. These Incentive Units vest ratably in annual installments in February of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
- [F2]Each Incentive Unit reported herein represents the right to receive upon vesting, one share of CVR Energy, Inc. common stock or a cash payment equal to the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days immediately preceding the vest date, as determined by the Board or the Compensation Committee, as applicable, in its sole discretion.
- [F3]The Incentive Units expire immediately upon vest.