Todd Borgmann - Apr 20, 2023 Form 4 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role
Chief Executive Officer
Signature
/s/ Vincent Donargo, as attorney-in-fact
Stock symbol
CLMT
Transactions as of
Apr 20, 2023
Transactions value $
$0
Form type
4
Date filed
8/3/2023, 05:51 PM
Previous filing
Feb 23, 2023
Next filing
Nov 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLMT Common Units Options Exercise $0 +42.1K +60.72% $0.00 112K Apr 20, 2023 Direct
transaction CLMT Common Units Tax liability $0 -18.4K -16.49% $0.00 93.1K Apr 20, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CLMT Phantom Unit Options Exercise $0 -42.1K -100% $0.00* 0 Apr 20, 2023 Common Units 42.1K Direct F2, F3
transaction CLMT Phantom Units Award $0 +107K $0.00 107K Aug 1, 2023 Common Unit 107K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person elected to surrender 18,392 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
F2 Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F3 Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. Phantom Units are 100% vested.
F4 Phantom Units vest on August 1, 2026. Phantom Units will be settled upon vesting.