Capps J. Travis Jr. 4

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.