Michael H. Wright Jr. - 21 Feb 2024 Form 4 Insider Report for CVR ENERGY INC (CVI)

Role
EVP & Chief Operating Officer
Signature
/s/ Michael H. Wright, Jr.
Issuer symbol
CVI
Transactions as of
21 Feb 2024
Transactions value $
-$230,926
Form type
4
Filing time
23 Feb 2024, 16:20:34 UTC
Previous filing
15 Dec 2023
Next filing
13 Dec 2024
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 +6.61K $0.00 6.61K 21 Feb 2024 Direct F1, F2
transaction CVI Common Stock Disposed to Issuer -$231K -6.61K -100% $34.92 0 21 Feb 2024 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 -6.61K -50% $0.00 6.61K 21 Feb 2024 Common Stock 6.61K 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 February 16, 2022. These Incentive Units vest ratably in annual installments in February 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 immediately preceding the vest date.
F4 The Incentive Units expire immediately upon vest.