Jeffrey D. Conaway - Aug 16, 2023 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role
VP, CAO & Corp. Controller
Signature
/s/ Jeffrey D. Conaway
Stock symbol
CVI
Transactions as of
Aug 16, 2023
Transactions value $
-$17,014
Form type
4
Date filed
8/18/2023, 04:24 PM
Previous filing
Dec 16, 2022
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 +465 $0.00 465 Aug 16, 2023 Direct F1, F2
transaction CVI Common Stock Disposed to Issuer -$17K -465 -100% $36.59 0 Aug 16, 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 -465 -100% $0.00* 0 Aug 16, 2023 Common Stock 465 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. on August 19, 2020 as compensation for service as an employee of one of its affiliates. These Incentive Units vest ratably in three annual installments in August 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 immediately 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 immediately preceding the vest date.
F4 The Incentive Units expire immediately upon vest.