Charles Douglas Johnson - 18 May 2022 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role
EVP & Chief Commercial Officer
Signature
/s/ Charles Douglas Johnson
Issuer symbol
CVI
Transactions as of
18 May 2022
Net transactions value
-$116,408
Form type
4
Filing time
20 May 2022, 16:30:46 UTC
Previous filing
10 Dec 2021
Next filing
16 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVI Common Stock Options Exercise $0 +3,699 $0.000000 3,699 18 May 2022 Direct F1, F2
transaction CVI Common Stock Disposed to Issuer $116,408 -3,699 -100% $31.47 0 18 May 2022 Direct F1, F3

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 CVI Incentive Units Options Exercise $0 -3,699 -33% $0.000000 7,398 18 May 2022 Common Stock 3,699 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Incentive Units were awarded to the reporting person by CVR Energy, Inc. as compensation for services as an officer on May 19, 2021. These Incentive Units vest ratably in annual installments in May of each of the three years following the grant date, subject to the terms and conditions of the award agreement.
F2 Each Incentive Unit reported herein represents the right to receive upon vesting, a cash payment equal to the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
F3 This price represents the average closing price of a share of CVR Energy, Inc. common stock for the 10 trading days preceding the vest date.
F4 The Incentive Units expire immediately upon vest.