Michael H. Wright Jr. - 13 Dec 2023 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role
EVP & Chief Operating Officer
Signature
/s/ Michael H. Wright, Jr.
Issuer symbol
CVI
Transactions as of
13 Dec 2023
Net transactions value
-$418,776
Form type
4
Filing time
15 Dec 2023, 16:25:23 UTC
Previous filing
17 Feb 2023
Next filing
23 Feb 2024
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 +5,366 $0.000000 5,366 13 Dec 2023 Direct F1, F2
transaction CVI Common Stock Disposed to Issuer $166,185 -5,366 -100% $30.97 0 13 Dec 2023 Direct F1, F3
transaction CVI Common Stock Options Exercise $0 +3,078 $0.000000 3,078 13 Dec 2023 Direct F2, F4
transaction CVI Common Stock Disposed to Issuer $95,326 -3,078 -100% $30.97 0 13 Dec 2023 Direct F3, F4
transaction CVI Common Stock Options Exercise $0 +5,078 $0.000000 5,078 13 Dec 2023 Direct F2, F5
transaction CVI Common Stock Disposed to Issuer $157,266 -5,078 -100% $30.97 0 13 Dec 2023 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 -5,366 -100% $0.000000* 0 13 Dec 2023 Common Stock 5,366 Direct F1, F2, F6
transaction CVI Incentive Units Options Exercise $0 -3,078 -50% $0.000000 3,078 13 Dec 2023 Common Stock 3,078 Direct F2, F4, F6
transaction CVI Incentive Units Options Exercise $0 -5,078 -33% $0.000000 10,154 13 Dec 2023 Common Stock 5,078 Direct F2, F5, F6
transaction CVI Incentive Units Award $0 +19,633 $0.000000 19,633 13 Dec 2023 Common Stock 19,633 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. as compensation for services as an officer on December 9, 2020. 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 immediately preceding the vest date.
F4 The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services, 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.
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.
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 13, 2023. 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.