Vincent Donargo - Apr 26, 2024 Form 3 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role: Chief Accounting Officer
Signature: /s/ Vincent Donargo
Stock symbol: CLMT
Transactions as of: Apr 26, 2024
Transactions value $: $0
Form type: 3
Date filed: 5/6/2024, 04:36 PM
Previous filing: Sep 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CLMT	Common Unit						9.13K	Apr 26, 2024	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							Apr 26, 2024	Common Units	24.2K		Direct	F1, F2
holding	CLMT	Phantom Units							Apr 26, 2024	Common Units	33.6K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	18,182 Phantom Units are fully vested. 1,515 Phantom Units vest on July 1, 2024, 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	9,024 phantom units vest on February 22, 2025. 24,603 phantom units vest on February 21, 2026. Phantom Units will be settled upon vesting.