Daniel L. Sheets - Nov 7, 2023 Form 4 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role: Director
Signature: /s/ Vincent Donargo, as attorney-in-fact
Stock symbol: CLMT
Transactions as of: Nov 7, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/9/2023, 05:28 PM
Previous filing: Aug 3, 2023
Next filing: Nov 12, 2024
SEC: View on sec.gov

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	CLMT	Phantom Units	Award	$0	+1.99K		$0.00	1.99K	Nov 7, 2023	Common Units	1.99K		Direct	F1, F2
transaction	CLMT	Phantom Units	Award	$0	+664		$0.00	664	Nov 7, 2023	Common Units	664		Direct	F1, F3
transaction	CLMT	Phantom Units	Award	$0	+7.49K		$0.00	7.49K	Nov 7, 2023	Common Units	7.49K		Direct	F1, F4

Showing 1 to 3 of 3 entries

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F2	Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date. Phantom Units are 100% vested.
F3	Each Phantom Unit becomes payable either in the form of a Common Unit or the cash value thereof upon the earlier of the date specified by the reporting person or the reporting person's termination date pursuant to the Deferred Compensation Plan. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2024.
F4	Phantom Units vest on November 7, 2026. Phantom Units will be settled upon vesting.