CVR ENERGY INC
For the period ended Mar 31, 2025. Filed Apr 29, 2025.
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Mar 31, 2025 · Filed Apr 29, 2025
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Item 5. Other Information
On April 29, 2025, the Compensation Committee of the Board adopted the CVR Energy, Inc. and Subsidiaries 2025 Performance Based Bonus Plan - Corporate (the “2025 Corporate Plan”), and the CVR Energy, Inc. and Subsidiaries 2025 Performance Based Bonus Plan - Refining (collectively with the 2025 Corporate Plan, the “2025 CVI Plans”), which apply to all eligible employees of the Company and its subsidiaries (excluding those of CVR Partners and its general partner and their respective subsidiaries) and contain terms substantially similar to the CVR Energy, Inc. and Subsidiaries 2024 Performance Based Bonus Plan - Corporate and the CVR Energy, Inc. and Subsidiaries 2024 Performance Based Bonus Plan - Refining, except as described herein. With respect to the 2025 CVI Plans, any payment thereunder, in each case, subject to the discretion of the Compensation Committee, would be subject to the achievement of at least 50% of an Adjusted EBITDA Threshold (as defined in the applicable plan) and an EBITDA multiplier of between 50% and 150% would be applied to the Company performance measures based on the Adjusted EBITDA achieved relative to the Adjusted EBITDA Threshold. With respect to the 2025 Corporate Plan, as applied to certain eligible employees, all of the Company performance measures will be weighted between the performance of the Company’s refining and fertilizer businesses based on the eligible employee’s established allocation between the refining and fertilizer businesses. The 2025 CVI Plans will be filed with our Quarterly Report on Form 10-Q for the period ending June 30, 2025.
During the three months ended March 31, 2025, no director or officer of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement”, as each term is defined in Item 408(a) of Regulation S-K.
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