Gregory J. Morical - Mar 15, 2023 Form 3 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role: SVP, GENERAL COUNSEL
Signature: /s/ Gregory J. Morical
Stock symbol: CLMT
Transactions as of: Mar 15, 2023
Transactions value $: $0
Form type: 3
Date filed: 12/28/2023, 06:52 PM
Next filing: Dec 28, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CLMT	Common Units						33.8K	Mar 15, 2023	Direct

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
holding	CLMT	Phantom Units							Mar 15, 2023	Common Units	37.4K		Direct	F1, F2
holding	CLMT	Phantom Units							Mar 15, 2023	Common Units	91.6K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	33,740 Phantom Units are fully vested. 1,695 Phantom Units vested on July 1, 2023. 1,402 Phantom Units vest on July 1, 2024. 199 Phantom Units vest on July 1, 2025, 2026, and 2027, respectively. The Phantom Units become 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.
F2	Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F3	20,601 phantom units vest on December 31, 2023. 55,634 phantom units vest on February 22, 2025. 15,348 phantom units vest on February 21, 2026. Phantom Units will be settled upon vesting.