Charles Douglas Johnson - 17 May 2023 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: 17 May 2023
Net transactions value: -$90,699
Form type: 4
Filing time: 19 May 2023, 16:20:06 UTC
Previous filing: 16 Dec 2022
Next filing: 15 Dec 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	+3,699		$0.000000	3,699	17 May 2023	Direct	F1, F2
transaction	CVI	Common Stock	Disposed to Issuer	$90,699	-3,699	-100%	$24.52	0	17 May 2023	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	-3,699	-50%	$0.000000	3,699	17 May 2023	Common Stock	3,699		Direct	F1, F2, F4

* 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 May 19, 2021. These Incentive Units vest ratably in annual installments in May 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.