Michael H. Wright Jr. - Dec 11, 2024 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role
EVP & Chief Operating Officer
Signature
/s/ Michael H. Wright, Jr.
Stock symbol
CVI
Transactions as of
Dec 11, 2024
Transactions value $
-$280,623
Form type
4
Date filed
12/13/2024, 04:40 PM
Previous filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVI Common Stock Options Exercise $0 +3.08K $0.00 3.08K Dec 11, 2024 Direct F1, F2
transaction CVI Common Stock Disposed to Issuer -$58.8K -3.08K -100% $19.09 0 Dec 11, 2024 Direct F1, F3
transaction CVI Common Stock Options Exercise $0 +5.08K $0.00 5.08K Dec 11, 2024 Direct F2, F4
transaction CVI Common Stock Disposed to Issuer -$96.9K -5.08K -100% $19.09 0 Dec 11, 2024 Direct F3, F4
transaction CVI Common Stock Options Exercise $0 +6.55K $0.00 6.55K Dec 11, 2024 Direct F2, F5
transaction CVI Common Stock Disposed to Issuer -$125K -6.55K -100% $19.09 0 Dec 11, 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 -3.08K -100% $0.00 0 Dec 11, 2024 Common Stock 3.08K Direct F1, F2, F6
transaction CVI Incentive Units Options Exercise $0 -5.08K -50% $0.00 5.08K Dec 11, 2024 Common Stock 5.08K Direct F2, F4, F6
transaction CVI Incentive Units Options Exercise $0 -6.55K -33.34% $0.00 13.1K Dec 11, 2024 Common Stock 6.55K Direct F2, F5, F6
transaction CVI Incentive Units Award $0 +33.8K $0.00 33.8K Dec 11, 2024 Common Stock 33.8K 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.