Stephen P. Mawer - Jan 18, 2024 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
Jan 18, 2024
Transactions value $
-$268,711
Form type
4
Date filed
1/22/2024, 05:28 PM
Previous filing
Nov 9, 2023
Next filing
Nov 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CLMT Common Units Options Exercise $0 +68.3K +45.52% $0.00 218K Jan 18, 2024 Direct
transaction CLMT Common Units Tax liability $0 -30.7K -14.07% $0.00 188K Jan 18, 2024 Direct F1
transaction CLMT Common Units Sale -$269K -15K -8.01% $17.87 173K Jan 18, 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 -68.3K -100% $0.00* 0 Jan 18, 2024 Common Units 68.3K 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.