Dane J. Neumann - Dec 14, 2022 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role: EVP & Chief Financial Officer
Signature: /s/ Dane J. Neumann
Stock symbol: CVI
Transactions as of: Dec 14, 2022
Transactions value $: -$427,685
Form type: 4
Date filed: 12/16/2022, 03:19 PM
Previous filing: Dec 15, 2021
Next filing: Dec 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVI	Common Stock	Options Exercise	$0	+953		$0.00	953	Dec 14, 2022	Direct	F1, F2
transaction	CVI	Common Stock	Disposed to Issuer	-$30.9K	-953	-100%	$32.42	0	Dec 14, 2022	Direct	F1, F3
transaction	CVI	Common Stock	Options Exercise	$0	+4.5K		$0.00	4.5K	Dec 14, 2022	Direct	F2, F4
transaction	CVI	Common Stock	Disposed to Issuer	-$146K	-4.5K	-100%	$32.42	0	Dec 14, 2022	Direct	F3, F4
transaction	CVI	Common Stock	Options Exercise	$0	+7.74K		$0.00	7.74K	Dec 14, 2022	Direct	F2, F5
transaction	CVI	Common Stock	Disposed to Issuer	-$251K	-7.74K	-100%	$32.42	0	Dec 14, 2022	Direct	F3, F5

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	-100%	$0.00^*	0	Dec 14, 2022	Common Stock	953		Direct	F1, F2, F6
transaction	CVI	Incentive Units	Options Exercise	$0	-4.5K	-50%	$0.00	4.5K	Dec 14, 2022	Common Stock	4.5K		Direct	F2, F4, F6
transaction	CVI	Incentive Units	Options Exercise	$0	-7.74K	-33.33%	$0.00	15.5K	Dec 14, 2022	Common Stock	7.74K		Direct	F2, F5, F6
transaction	CVI	Incentive Units	Award	$0	+15.2K		$0.00	15.2K	Dec 14, 2022	Common Stock	15.2K		Direct	F2, F6, F7

* 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. on December 13, 2019. These Incentive Units vest ratably in three annual installments beginning in December of each year 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. on December 9, 2020. These Incentive Units vest ratably in three annual installments beginning in December of each year following the grant date, subject to the terms and conditions of the award agreement.
F5	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 of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F6	The Incentive Units expire immediately upon vest.
F7	The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on December 14, 2022. These Incentive Units vest ratably in annual installments in December of each of the three years following the grant date, subject to the terms and conditions of the award agreement.