Benjamin P. Cowart - May 14, 2023 Form 4 Insider Report for Vertex Energy Inc. (VTNR)

Role
CEO and President, Director
Signature
/s/ Benjamin P. Cowart
Stock symbol
VTNR
Transactions as of
May 14, 2023
Transactions value $
$0
Form type
4
Date filed
5/16/2023, 05:02 PM
Previous filing
Apr 20, 2023
Next filing
Dec 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VTNR Common Stock 5.45M May 14, 2023 Through B&S Cowart II Family LP
holding VTNR Common Stock 429K May 14, 2023 Direct
holding VTNR Common Stock 174K May 14, 2023 Through spouse
holding VTNR Common Stock 70.2K May 14, 2023 Through The Shelley T. Cowart 2016 Grantor Retained Annuity Trust
holding VTNR Common Stock 7.5K May 14, 2023 Through Vertex Holdings, LP
holding VTNR Common Stock 101K May 14, 2023 Through VTX Inc.

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 VTNR Stock Option (right to buy) Award $0 +48.6K $0.00 48.6K May 14, 2023 Common Stock 48.6K $6.46 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted in consideration for services rendered and to be rendered as an officer of the Registrant. Granted under the Registrant's 2019 Equity Incentive Plan.
F2 A total of 1/4th such options vest on each of May 14, 2024, 2025, 2026 and 2027, subject to the Reporting Person's continued service to the Company on such vesting dates.

Remarks:

Mr. Cowart disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.