Benjamin P. Cowart - 14 May 2023 Form 4 Insider Report for Vertex Energy Inc.

Role
CEO and President, Director
Signature
/s/ Benjamin P. Cowart
Issuer symbol
N/A
Transactions as of
14 May 2023
Net transactions value
$0
Form type
4
Filing time
16 May 2023, 17:02:00 UTC
Previous filing
20 Apr 2023
Next filing
20 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VTNR Common Stock 5,450,608 14 May 2023 Through B&S Cowart II Family LP
holding VTNR Common Stock 428,854 14 May 2023 Direct
holding VTNR Common Stock 174,085 14 May 2023 Through spouse
holding VTNR Common Stock 70,214 14 May 2023 Through The Shelley T. Cowart 2016 Grantor Retained Annuity Trust
holding VTNR Common Stock 7,500 14 May 2023 Through Vertex Holdings, LP
holding VTNR Common Stock 100,765 14 May 2023 Through VTX Inc.

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 VTNR Stock Option (right to buy) Award $0 +48,603 $0.000000 48,603 14 May 2023 Common Stock 48,603 $6.46 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted in consideration for services rendered and to be rendered as an officer of the Registrant. Granted under the Registrant's 2019 Equity Incentive Plan.
F2 A total of 1/4th such options vest on each of May 14, 2024, 2025, 2026 and 2027, subject to the Reporting Person's continued service to the Company on such vesting dates.

Remarks:

Mr. Cowart disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.