Stephen P. Mawer - 18 Jan 2024 Form 4 Insider Report for Calumet Specialty Products Partners, L.P.

Role
Director
Signature
/s/ Vincent Donargo, as attorney-in-fact
Issuer symbol
N/A
Transactions as of
18 Jan 2024
Net transactions value
-$268,711
Form type
4
Filing time
22 Jan 2024, 17:28:22 UTC
Previous filing
09 Nov 2023
Next filing
12 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLMT Common Units Options Exercise $0 +68,310 +46% $0.000000 218,364 18 Jan 2024 Direct
transaction CLMT Common Units Tax liability $0 -30,717 -14% $0.000000 187,647 18 Jan 2024 Direct F1
transaction CLMT Common Units Sale $268,711 -15,037 -8% $17.87 172,610 18 Jan 2024 Direct F2

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 Options Exercise $0 -68,310 -100% $0.000000* 0 18 Jan 2024 Common Units 68,310 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person elected to surrender 30,717 common units to satisfy tax withholding liabilities upon delivery of common units in accordance with Rule 16b-3.
F2 The reporting person elected to receive 40% of all Phantom Units vesting in the year ending December 31, 2024 to be settled in the cash equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F3 Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F4 100% of the Phantom Units vested on December 31, 2023.