Benjamin P. Cowart - May 12, 2022 Form 4 Insider Report for Vertex Energy Inc. (VTNR)

Role
CEO and President, Director, 10%+ Owner
Signature
/s/ Benjamin P. Cowart
Stock symbol
VTNR
Transactions as of
May 12, 2022
Transactions value $
$0
Form type
4
Date filed
5/16/2022, 07:25 PM
Previous filing
Feb 4, 2022
Next filing
Jul 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VTNR Common Stock 619K May 12, 2022 Direct
holding VTNR Common Stock 174K May 12, 2022 Through spouse
holding VTNR Common Stock 70.2K May 12, 2022 Through The Shelley T. Cowart 2016 Grantor Retained Annuity Trust
holding VTNR Common Stock 5.85M May 12, 2022 Through B&S Cowart II Family LP
holding VTNR Common Stock 7.5K May 12, 2022 Through Vertex Holdings, LP
holding VTNR Common Stock 101K May 12, 2022 Through VTX Inc.

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 VTNR Stock Option (right to buy) Award $0 +28.8K $0.00 28.8K May 12, 2022 Common Stock 28.8K $13.09 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted in consideration for services rendered and to be rendered as an officer of the Registrant. Granted under the Registrant's 2019 Equity Incentive Plan.
F2 Options vest at the rate of 1/4th of such options on each of May 12, 2023, 2024, 2025 and 2026, subject to the Reporting Person's continued service to the Company on such vesting dates.

Remarks:

Mr. Cowart disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.