David L. Lamp - 11 Dec 2024 Form 4 Insider Report for CVR ENERGY INC (CVI)

Signature
/s/ David L. Lamp
Issuer symbol
CVI
Transactions as of
11 Dec 2024
Net transactions value
-$1,060,049
Form type
4
Filing time
13 Dec 2024, 16:33:40 UTC
Previous filing
15 Dec 2023
Next filing
12 Dec 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVI Common Stock Options Exercise $0 +24,177 $0.000000 24,177 11 Dec 2024 Direct F1, F2
transaction CVI Common Stock Disposed to Issuer $461,539 -24,177 -100% $19.09 0 11 Dec 2024 Direct F1, F3
transaction CVI Common Stock Options Exercise $0 +13,963 $0.000000 13,963 11 Dec 2024 Direct F2, F4
transaction CVI Common Stock Disposed to Issuer $266,554 -13,963 -100% $19.09 0 11 Dec 2024 Direct F3, F4
transaction CVI Common Stock Options Exercise $0 +17,389 $0.000000 17,389 11 Dec 2024 Direct F2, F5
transaction CVI Common Stock Disposed to Issuer $331,956 -17,389 -100% $19.09 0 11 Dec 2024 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 -24,177 -100% $0.000000 0 11 Dec 2024 Common Stock 24,177 Direct F1, F2, F6
transaction CVI Incentive Units Options Exercise $0 -13,963 -50% $0.000000 13,962 11 Dec 2024 Common Stock 13,963 Direct F2, F4, F6
transaction CVI Incentive Units Options Exercise $0 -17,389 -33% $0.000000 34,776 11 Dec 2024 Common Stock 17,389 Direct F2, F5, F6
transaction CVI Incentive Units Award $0 +86,842 $0.000000 86,842 11 Dec 2024 Common Stock 86,842 Direct F6, F7, F8
* 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 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 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.
F5 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.
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 11, 2024. 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.
F8 Each Incentive Unit reported herein represents the right to receive upon vesting, one share of CVR Energy, Inc. common stock or 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, as determined by the Board or the Compensation Committee, as applicable, in its sole discretion.