Dane J. Neumann - 08 Dec 2021 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role: EVP & Chief Financial Officer
Signature: /s/ Dane J. Neumann
Issuer symbol: CVI
Transactions as of: 08 Dec 2021
Net transactions value: -$88,589
Form type: 4
Filing time: 10 Dec 2021, 15:19:39 UTC
Previous filing: 19 Aug 2021
Next filing: 15 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVI	Common Stock	Options Exercise	$0	+953		$0.000000	953	08 Dec 2021	Direct	F1, F2
transaction	CVI	Common Stock	Disposed to Issuer	$15,477	-953	-100%	$16.24	0	08 Dec 2021	Direct	F1, F3
transaction	CVI	Common Stock	Options Exercise	$0	+4,502		$0.000000	4,502	08 Dec 2021	Direct	F2, F4
transaction	CVI	Common Stock	Disposed to Issuer	$73,112	-4,502	-100%	$16.24	0	08 Dec 2021	Direct	F4

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	CVI	Incentive Units	Options Exercise	$0	-953	-50%	$0.000000	953	08 Dec 2021	Common Stock	953		Direct	F1, F2, F5
transaction	CVI	Incentive Units	Options Exercise	$0	-4,502	-33%	$0.000000	9,004	08 Dec 2021	Common Stock	4,502		Direct	F2, F4, F5
transaction	CVI	Incentive Units	Award	$0	+23,210		$0.000000	23,210	08 Dec 2021	Common Stock	23,210		Direct	F2, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services on December 13, 2019. These Incentive Units vest ratably in annual installments in December in 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, a cash payment equal to the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
F3	This price represents the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
F4	The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services on December 9, 2020. These Incentive Units vest ratably in annual installments in December in each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F5	The Incentive Units expire immediately upon vest.
F6	The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 8, 2021. These Incentive Units vest ratably in annual installments in December in each of the three years following the grant date, subject to the terms and conditions of the award agreement.