Charles Douglas Johnson - 14 Dec 2022 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role
EVP & Chief Commercial Officer
Signature
/s/ Charles Douglas Johnson
Issuer symbol
CVI
Transactions as of
14 Dec 2022
Net transactions value
-$266,525
Form type
4
Filing time
16 Dec 2022, 15:26:41 UTC
Previous filing
20 May 2022
Next filing
19 May 2023
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 +8,221 $0.000000 8,221 14 Dec 2022 Direct F1, F2
transaction CVI Common Stock Disposed to Issuer $266,525 -8,221 -100% $32.42 0 14 Dec 2022 Direct F1, F3

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 -8,221 -33% $0.000000 16,440 14 Dec 2022 Common Stock 8,221 Direct F1, F2, F4
transaction CVI Incentive Units Award $0 +13,277 $0.000000 13,277 14 Dec 2022 Common Stock 13,277 Direct F2, F4, F5
* 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 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.
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 expire immediately upon vest.
F5 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.