Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-03

Calumet (CLMT)

CEO Todd Borgmann was paid $6,799,276 in fiscal year 2025, ↑ up 375.6% from fiscal year 2024, the 42nd percentile of its disclosed peer group (SEC filing 0001140361-26-015639 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,799,276 ↑
Todd Borgmann total, FY2025
42nd
CEO pay percentile vs peers
—
CEO-to-median pay ratio
98.13%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Todd Borgmann (President & Chief Executive Officer), FY2025 total compensation $6,799,276 (base salary $950,000) [exec_comp, SEC accession 0001140361-26-015639, filed 2026-04-20]

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CLMT's next annual pay disclosure, estimated April 12, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Todd Borgmann$950,000$0$4,455,029$0$1,287,593$0$106,654$6,799,276
President & Chief Executive Officer
Scott Obermeier492,8470785,7870639,445020,4801,938,559
President - Specialties
Bruce Fleming532,4780748,7790468,4230177,5491,927,229
Executive Vice President - Montana Renewables & Corporate Strategy
David Lunin491,8560799,8260595,877021,0721,908,631
Executive Vice President - Chief Financial Officer
Gregory Morical415,5340491,6180359,964034,2761,301,391
Senior Vice President, General Counsel & Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Todd Borgmann$6,799,276$1,429,541$2,502,040↑ +5,369,735
Scott Obermeier1,938,559721,831765,614↑ +1,216,728
Bruce Fleming1,927,229978,1632,233,970↑ +949,066
David Lunin1,908,6311,240,963—↑ +667,668
Gregory Morical1,301,391567,087864,501↑ +734,304

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against CLMT
3 companies name CLMT as a compensation peer

The list of companies that name CLMT as a peer is temporarily unavailable — recheck shortly.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2025 total
Bruce FlemingEVP$1,927,229
David LuninCFO$1,908,631
Scott ObermeierPresident$1,938,559
Todd BorgmannCEO$6,799,276
Gregory MoricalGeneral Counsel$1,301,391
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Amy M. SchumacherIndependent Director$273,667
Daniel J. SajkowskiIndependent Director$248,750
Daniel L. SheetsFormer director (through FY2025)$98,375
James S. CarterFormer director (through FY2025)$113,875
Jennifer G. StrauminsFormer director (through FY2025)$237,500
John (“Jack”) G. BossIndependent Director$263,300
Julio QuintanaIndependent Director$146,250
Karen A. TwitchellIndependent Director$258,375
Karen G. NarwoldIndependent Director$148,000
Paul C. Raymond IIIIndependent Director$282,333
Stephen P. MawerDirector$475,833
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Bruce FlemingRSU2025-02-25——18,498—$287,274
David LuninRSU2025-02-25——12,761—198,178
Scott ObermeierRSU2025-02-25——12,590—195,523
Scott ObermeierRSU2025-02-25——24,157—375,158
Bruce FlemingRSU2025-02-25——14,150—219,750
David LuninRSU2025-02-25——24,701—383,607
Gregory MoricalRSU2025-02-25——8,085—125,560
Todd BorgmannRSU2025-02-25——100,933—1,567,489
Todd BorgmannRSU2025-02-25——88,538—1,374,995
Gregory MoricalRSU2025-02-25——14,679—227,965
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Bruce Fleming$507,024$0$00.0%
David Lunin581,785000.0%
Scott Obermeier570,681000.0%
Gregory Morical353,525000.0%
Todd Borgmann2,942,484000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Gregory MoricalPSU2,695—$53,550
Todd BorgmannRSU417,844—8,302,560
Bruce FlemingRSU180,987—3,596,212
David LuninRSU90,355—1,795,354
Gregory MoricalRSU76,602—1,522,082
Scott ObermeierRSU70,491—1,400,656
Todd BorgmannPSU29,512—586,403
Bruce FlemingPSU4,716—93,707
David LuninPSU4,253—84,507
Scott ObermeierPSU4,196—83,375
05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policy—
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0250,222,235956,685276,08798.13%Passed
20252025-06-1040,897,636851,240259,04497.96%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0298.13%a
20252025-06-1097.96%b

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Stephen P. MawerNot independent · Risk · Strategy and Growth$137,500$338,333———$475,833
Paul C. Raymond IIIIndependent · Audit · Strategy and Growth (Chair)99,250183,083———282,333
Amy M. SchumacherIndependent · Nominating/Governance · Compensation · Governance92,750180,917———273,667
John (“Jack”) G. BossIndependent · Audit · Compensation (Chair)103,000160,300———263,300
Karen A. TwitchellIndependent · Audit · Nominating/Governance108,375150,000———258,375
Daniel J. SajkowskiIndependent · Nominating/Governance · Governance · Risk (Chair)98,750150,000———248,750
Jennifer G. StrauminsIndependent · Risk · Not standing for re-election · Departed during FY87,500150,000———237,500
Karen G. NarwoldIndependent · Nominating/Governance (Chair) · Compensation · Governance · Newly elected48,000100,000———148,000
Julio QuintanaIndependent · Audit · Risk · Newly elected46,250100,000———146,250
James S. CarterIndependent · Departed during FY54,62559,250———113,875
Daniel L. SheetsIndependent · Departed during FY48,37550,000———98,375
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer$100,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 10,000 / 12,000
Stock ownership guidelineDirectors and executives are subject to robust stock ownership guidelines to promote meaningful, long-term equity ownership.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$924,375
Equity awards (grant-date value)$1,621,883
All other compensation$0
Total cost of the board$2,546,258

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Calumet names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Calumet.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Huntsman Corporation2025Peter R. Huntsman$1,334,125$10,513,393$0$1,329,561$14,666,623
2Ingevity Corporation2025David Li810,6858,500,0862,000,0071,293,60012,839,719
3Olin Corporation2025Kenneth Lane1,100,0007,486,98401,069,6409,798,424
4Darling Ingredients Inc.2025Randall Stuewe1,284,2316,681,03001,328,1129,402,554
5Cabot Corporation2025Sean Keohane1,100,0004,224,8472,274,9251,402,5019,307,883
6H.B. Fuller Company2025Celeste Mastin1,082,6922,971,9763,025,5381,339,8918,830,569
7CVR Energy, Inc.2025David Lamp1,200,0001,678,68302,034,0008,602,449
8The Chemours Company2025Denise Dignam1,058,8363,368,2252,909,6771,175,7818,595,076
9Innospec Inc.2025Patrick Williams1,380,5485,285,62301,365,3368,252,747
10Ashland Inc.2025Guillermo Novo1,152,3325,233,86301,313,8307,907,423
11Delek US Holdings, Inc.2025Avigal Soreq900,0004,832,19501,895,5447,683,786
12Calumet2025Todd Borgmann950,0004,455,02901,287,5936,799,276
13Koppers Holding Inc.2025Leroy Ball975,0005,145,824006,358,244
14Avient Corporation2025Ashish Khandpur1,128,2693,763,1590753,7775,818,257
15Par Pacific Holdings, Inc.2025William Monteleone806,7312,249,99801,336,3254,414,054
16Stepan Company2025Luis Rojo940,0002,279,746800,003230,3004,327,042
17Quaker Chemical Corporation2025Joseph Berquist800,0002,420,3190461,8403,709,451
18NewMarket Corporation2025Thomas Gottwald1,275,333368,1880750,0003,694,678
19Green Plains Inc.2025Chris Osowski476,8082,234,9980686,0003,497,755
20Kronos Worldwide Inc.2025Brian Christian2,063,000——02,063,000

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Calumetnot disclosednot disclosednot disclosednot disclosed
Ashland Inc.90.4%not disclosedYes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners
Avient Corporation51.6%not disclosednot disclosednot disclosed
Cabot Corporation90%not disclosedNoMeridian Compensation Partners
CVR Energy, Inc.113%RSU 100not disclosedNone (not engaged in 2025)
Darling Ingredients Inc.70%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Delek US Holdings, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Green Plains Inc.98%PSU 50 · RSA 50NoPay Governance
H.B. Fuller Companynot disclosednot disclosednot disclosedWillis Towers Watson US LLC
Huntsman Corporationnot disclosednot disclosedYes — Relative TSRMeridian Compensation Partners, LLC
Ingevity Corporationnot disclosedPSU 50 · RSU 50not disclosedPearl Meyer
Innospec Inc.not disclosednot disclosednot disclosedWillis Towers Watson
Koppers Holding Inc.not disclosednot disclosednot disclosedMeridian
Kronos Worldwide Inc.not disclosednot disclosednot disclosednot disclosed
NewMarket Corporationnot disclosedPRSU 100NoFrederic W. Cook & Co., Inc. (FWC)
Olin Corporationnot disclosedPSU 60 · RSU 40not disclosedExequity LLP
Par Pacific Holdings, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
Quaker Chemical Corporationnot disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners
Stepan Companynot disclosedRSU 50 · SAR 25 · PSU 25not disclosedExequity LLP
The Chemours Companynot disclosedOptions 50 · PSU 25 · RSU 25Yes — Relative Total Shareholder Return (rTSR)Fariant

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Calumet in fiscal 2025?
As disclosed, Todd Borgmann (President & Chief Executive Officer) was the highest-paid executive at Calumet in fiscal 2025, with total compensation of $6,799,276.
How does Calumet's chief executive pay compare to its disclosed peer group?
As disclosed, Todd Borgmann's total compensation ranked at the 42nd percentile of Calumet's disclosed peer group.
How did shareholders vote on Calumet's executive compensation?
As disclosed, 98.13% of shareholders supported Calumet's executive compensation in the latest say-on-pay vote.
How much does Calumet spend in total on board compensation for fiscal 2025?
As disclosed, Calumet reported total board compensation of $2,546,258 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Todd BorgmannDEF 14A2026-04-200001140361-26-015639Section “Summary Compensation Table” · page 44. As printed: 6,799,276. Filing ↗machine: r2 · c22 · span 793310–793319
2Section 01, Scott ObermeierDEF 14A2026-04-200001140361-26-015639Section “Summary Compensation Table” · page 44. As printed: 1,938,559. Filing ↗machine: r10 · c22 · span 829702–829711
3Section 01, Bruce FlemingDEF 14A2026-04-200001140361-26-015639Section “Summary Compensation Table” · page 44. As printed: 1,927,229. Filing ↗machine: r7 · c22 · span 816269–816278
4Section 01, David LuninDEF 14A2026-04-200001140361-26-015639Section “Summary Compensation Table” · page 44. As printed: 1,908,631. Filing ↗machine: r5 · c22 · span 807045–807054
5Section 01, Gregory MoricalDEF 14A2026-04-200001140361-26-015639Section “Summary Compensation Table” · page 44. As printed: 1,301,391. Filing ↗machine: r13 · c22 · span 843399–843408
6Section 03, Bruce Fleming RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 977839–977846
7Section 03, David Lunin RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 950667–950674
8Section 03, Scott Obermeier RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 994565–994572
9Section 03, Scott Obermeier RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 999789–999796
10Section 03, Bruce Fleming RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 972615–972622
11Section 03, David Lunin RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 955891–955898
12Section 03, Gregory Morical RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1016431–1016438
13Section 03, Todd Borgmann RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 933950–933959
14Section 03, Todd Borgmann RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 928810–928819
15Section 03, Gregory Morical RSUDEF 14A2026-04-200001140361-26-015639Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: span 1020555–1020562
16Section 08, Stephen P. MawerDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 475,833. Filing ↗machine: span 1437500–1437676
17Section 08, Paul C. Raymond IIIDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 282,333. Filing ↗machine: span 1446863–1447039
18Section 08, Amy M. SchumacherDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 273,667. Filing ↗machine: span 1435233–1435409
19Section 08, John (“Jack”) G. BossDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 263,300. Filing ↗machine: span 1451461–1451637
20Section 08, Karen A. TwitchellDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 258,375. Filing ↗machine: span 1453260–1453435
21Section 08, Daniel J. SajkowskiDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 248,750. Filing ↗machine: span 1432923–1433099
22Section 08, Jennifer G. StrauminsDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 237,500. Filing ↗machine: span 1449177–1449353
23Section 08, Karen G. NarwoldDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 148,000. Filing ↗machine: span 1439823–1439999
24Section 08, Julio QuintanaDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 146,250. Filing ↗machine: span 1442144–1442320
25Section 08, James S. CarterDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 113,875. Filing ↗machine: span 1430611–1430787
26Section 08, Daniel L. SheetsDEF 14A2026-04-200001140361-26-015639Section “Director Compensation”. As printed: 98,375. Filing ↗machine: span 1444509–1444727
27Section 06, 2026 voteForm 8-K2026-06-030001193125-26-255570Item 5.07 · say-on-pay result. As reported: 98.13% (votes for as printed: 50,222,235). Filing ↗
28Section 06, 2025 voteForm 8-K2025-06-160001193125-25-141161Item 5.07 · say-on-pay result. As reported: 97.96% (votes for as printed: 40,897,636). Filing ↗
29Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
30Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
31Section 09b board cost (computed)Computed——Cash 924,375 + equity 1,621,883 + all other 0 = 2,546,258, summed across the director compensation table rows.machine: formula: Σ = 2,546,258
32Huntsman Corporation, Section 10b CEO totalDEF 14A2026-03-160001104659-26-028448CEO total compensation as printed in Huntsman Corporation's own proxy. As printed: 14,666,623. Filing ↗machine: span 1280707–1280717
33Ingevity Corporation, Section 10b CEO totalDEF 14A2026-03-170001104659-26-029507CEO total compensation as printed in Ingevity Corporation's own proxy. As printed: 12,839,719. Filing ↗
34Olin Corporation, Section 10b CEO totalDEF 14A2026-03-200000074303-26-000041CEO total compensation as printed in Olin Corporation's own proxy. As printed: 9,798,424. Filing ↗
35Darling Ingredients Inc., Section 10b CEO totalDEF 14A2026-03-190001193125-26-116042CEO total compensation as printed in Darling Ingredients Inc.'s own proxy. As printed: 9,402,554. Filing ↗machine: t222 · r3 · c27 · span 972629–972638
36Cabot Corporation, Section 10b CEO totalDEF 14A2026-01-270001193125-26-023681CEO total compensation as printed in Cabot Corporation's own proxy. As printed: 9,307,883. Filing ↗machine: r3 · c39 · span 853934–853943
37H.B. Fuller Company, Section 10b CEO totalDEF 14A2026-03-040001437749-26-006811CEO total compensation as printed in H.B. Fuller Company's own proxy. As printed: 8,830,569. Filing ↗machine: r2 · c18 · span 903228–903237
38CVR Energy, Inc., Section 10b CEO totalDEF 14A2026-04-210001376139-26-000022CEO total compensation as printed in CVR Energy, Inc.'s own proxy. As printed: 8,602,449. Filing ↗machine: span 526205–526214
39The Chemours Company, Section 10b CEO totalDEF 14A2026-03-100001104659-26-025935CEO total compensation as printed in The Chemours Company's own proxy. As printed: 8,595,076. Filing ↗machine: r1 · c55 · span 1531474–1531483
40Innospec Inc., Section 10b CEO totalDEF 14A2026-03-260001174947-26-000427CEO total compensation as printed in Innospec Inc.'s own proxy. As printed: 8,252,747. Filing ↗machine: r4 · c9 · span 1939600–1939609
41Ashland Inc., Section 10b CEO totalDEF 14A2025-12-090001193125-25-312753CEO total compensation as printed in Ashland Inc.'s own proxy. As printed: 7,907,423. Filing ↗machine: t125 · r3 · c21 · span 2021429–2021438
42Delek US Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-100001140361-26-008842CEO total compensation as printed in Delek US Holdings, Inc.'s own proxy. As printed: 7,683,786. Filing ↗machine: r3 · c25 · span 886124–886133
43Calumet (subject), Section 10b CEO totalDEF 14A2026-04-200001140361-26-015639CEO total compensation as printed in Calumet's own proxy. As printed: 6,799,276. Filing ↗machine: r2 · c22 · span 793310–793319
44Koppers Holding Inc., Section 10b CEO totalDEF 14A2026-03-270001315257-26-000026CEO total compensation as printed in Koppers Holding Inc.'s own proxy. As printed: 6,358,244. Filing ↗
45Avient Corporation, Section 10b CEO totalDEF 14A2026-03-270001628280-26-021576CEO total compensation as printed in Avient Corporation's own proxy. As printed: 5,818,257. Filing ↗machine: r2 · c24 · span 748439–748448
46Par Pacific Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-200001437749-26-009219CEO total compensation as printed in Par Pacific Holdings, Inc.'s own proxy. As printed: 4,414,054. Filing ↗
47Stepan Company, Section 10b CEO totalDEF 14A2026-03-250001193125-26-122725CEO total compensation as printed in Stepan Company's own proxy. As printed: 4,327,042. Filing ↗machine: span 378020–378029
48Quaker Chemical Corporation, Section 10b CEO totalDEF 14A2026-03-310001628280-26-022236CEO total compensation as printed in Quaker Chemical Corporation's own proxy. As printed: 3,709,451. Filing ↗machine: r2 · c27 · span 836235–836244
49NewMarket Corporation, Section 10b CEO totalDEF 14A2026-03-120001193125-26-102973CEO total compensation as printed in NewMarket Corporation's own proxy. As printed: 3,694,678. Filing ↗machine: span 355173–355182
50Green Plains Inc., Section 10b CEO totalDEF 14A2026-04-240001309402-26-000050CEO total compensation as printed in Green Plains Inc.'s own proxy. As printed: 3,497,755. Filing ↗machine: r2 · c21 · span 1098236–1098245
51Kronos Worldwide Inc., Section 10b CEO totalDEF 14A2026-03-240001257640-26-000016CEO total compensation as printed in Kronos Worldwide Inc.'s own proxy. As printed: 2,063,000. Filing ↗
52Section 10a, The Chemours Company reciprocityDEF 14A—0001104659-26-025935The Chemours Company's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
53Section 10a, Cabot Corporation reciprocityDEF 14A—0001193125-26-023681Cabot Corporation's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
54Section 10a, Par Pacific Holdings, Inc. reciprocityDEF 14A—0001437749-26-009219Par Pacific Holdings, Inc. names Calumet in its own disclosed peer group (read from its most recent proxy). Filing ↗
55Section 10a, Olin Corporation reciprocityDEF 14A—0000074303-26-000041Olin Corporation's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
56Section 10a, Green Plains Inc. reciprocityDEF 14A—0001309402-26-000050Green Plains Inc. names Calumet in its own disclosed peer group (read from its most recent proxy). Filing ↗
57Section 10a, CVR Energy, Inc. reciprocityDEF 14A—0001376139-26-000022CVR Energy, Inc.'s most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
58Section 10a, Innospec Inc. reciprocityDEF 14A—0001174947-26-000427Innospec Inc.'s most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
59Section 10a, NewMarket Corporation reciprocityDEF 14A—0001193125-26-102973NewMarket Corporation's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
60Section 10a, Avient Corporation reciprocityDEF 14A—0001628280-26-021576Avient Corporation's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
61Section 10a, Huntsman Corporation reciprocityDEF 14A—0001104659-26-028448Huntsman Corporation's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
62Section 10a, Quaker Chemical Corporation reciprocityDEF 14A—0001628280-26-022236Quaker Chemical Corporation's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
63Section 10a, Delek US Holdings, Inc. reciprocityDEF 14A—0001140361-26-008842Delek US Holdings, Inc. names Calumet in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, Ingevity Corporation reciprocityDEF 14A—0001104659-26-029507Ingevity Corporation's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
65Section 10a, Ashland Inc. reciprocityDEF 14A—0000950170-24-134511Ashland Inc.'s most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
66Section 10a, Darling Ingredients Inc. reciprocityDEF 14A—0001193125-26-116042Darling Ingredients Inc.'s most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
67Section 10a, H.B. Fuller Company reciprocityDEF 14A—0001437749-26-006811H.B. Fuller Company's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
68Section 10a, Koppers Holding Inc. reciprocityDEF 14A—0001315257-26-000026Koppers Holding Inc.'s most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗
69Section 10a, Stepan Company reciprocityDEF 14A—0001193125-26-122725Stepan Company's most recent proxy was read; its disclosed peer group does not include Calumet. Filing ↗

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