John G. Boss - 07 Nov 2023 Form 4 Insider Report for Calumet Specialty Products Partners, L.P. (CLMT)

Role
Director
Signature
/s/ Vincent Donargo, as attorney-in-fact
Issuer symbol
CLMT
Transactions as of
07 Nov 2023
Transactions value $
$0
Form type
4
Filing time
09 Nov 2023, 17:31:35 UTC
Previous filing
03 Aug 2023
Next filing
21 Nov 2023
SEC
View on sec.gov

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 Award $0 +1,428 $0 1,428 07 Nov 2023 Common Units 1,428 Direct F1, F2
transaction CLMT Phantom Unit Award $0 +476 $0 476 07 Nov 2023 Common Unit 476 Direct F1, F3
transaction CLMT Phantom Units Award $0 +7,490 $0 7,490 07 Nov 2023 Common Units 7,490 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Phantom Unit is the economic equivalent of a Calumet Specialty Products Partners, L.P. Common Unit.
F2 Each Phantom Unit becomes 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. Phantom Units are 100% vested.
F3 Each Phantom Unit becomes 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. 25% of the Phantom Units vest on July 1 of each year beginning on July 1, 2024.
F4 Phantom Units vest on November 7, 2026. Phantom Units will be settled upon vesting.