F. William Grube has been a key player in the energy sector, particularly at Calumet Specialty Products Partners, where he served as CEO from 2011 to 2015. Under his leadership, the company underwent significant changes, including a restructuring of the...

F. William Grube has been a key player in the energy sector, particularly at Calumet Specialty Products Partners, where he served as CEO from 2011 to 2015. Under his leadership, the company underwent significant changes, including a restructuring of the executive team aimed at handling the complexities of rapid growth in the business. Grube has an impressive history of involvement in operations, which shaped his approach to running the company. Notably, he also held the title of Executive Vice Chairman after his role as CEO, indicating his importance in the company's leadership.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Calumet, Inc. CEOs

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F. William Grube

Ex-CEO of Calumet, Inc.

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1964 - 61 years ago

CEO of Calumet, Inc. for

4 years 2 months (Jan 2011 - Mar 2015)

Previous Experience

President, Chief Executive Officer and Director of Calumet GP, LLC

Rivals

Competitors/colleagues of F. William Grube

Holdings

See how much did F. William Grube make over time.

F. William Grube's trading activity shows notable fluctuations in value over the years, particularly between 2019 and 2024, hitting peaks in 2022 where he reported values over $3 million regularly. For instance, in November 2021, he reached a significant high...

F. William Grube's trading activity shows notable fluctuations in value over the years, particularly between 2019 and 2024, hitting peaks in 2022 where he reported values over $3 million regularly. For instance, in November 2021, he reached a significant high of $2.66 million. Over the years, these values varied monthly, with instances like January 2023 peaking at approximately $3.28 million, indicating strong market presence. As of early 2024, Grube's holdings remain substantial, reflecting his ongoing commitment and confidence in the company.

Charitable Transactions

CLMT

2,559,852 shares

CLMT

Recent Charitable Transactions

CLMT

2,559,852 shares

CLMT

Apr 10, 2012

Charity

Insider Trading

See recent insider trades of F. William Grube.

CLMT

2,559,852 shares

CLMT

Apr 10, 2012

Charity

CLMT

$360.00K

CLMT at $18.00/share

Sep 14, 2011

Purchase

Compensation History

See how much did F. William Grube make over time.

In 2014, F. William Grube's total compensation was approximately $1.27 million, which included a salary of $441,129 and performance-based bonuses. Grube's pay structure was tied to the success of the company, particularly focusing on distributable cash flow as a performance metric. His compensation package also included phantom units, which realized a total value of around $545,685 that year. This model aimed to align his interests with the company’s performance, ensuring that he was incentivized to drive Calumet’s financial success. The strategy underscored a pay-for-performance philosophy that was a cornerstone of Grube's leadership.

Year

2014

Total Compensation

$1.38M

Salary

$441.13K

Board Justification

The compensation philosophy is based on a pay-for-performance model, aligning executive compensation with the achievement of financial performance metrics, specifically distributable cash flow.

Bonus

$302.18K

Board Justification

Short-term cash awards based on achievement of performance targets related to distributable cash flow for the second half of 2014, with a payout of 69% of the target bonus.

Other

$89.92K

Board Justification

Includes 401(k) matching contributions and other benefits such as long-term disability insurance and vehicle allowances.

Restricted Stock

$545.69K(22.91K phantom units)

Board Justification

Phantom units that vested during the year, with a total value realized of $545,685.

Performance Metrics

The primary performance metric used for determining compensation is the achievement of distributable cash flow goals.

Other Calumet, Inc. CEOs

Here are other CEOs of Calumet, Inc.

William H. Hatch

Ex-CEO of Calumet, Inc.

April 2015 - January 2015