Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 41

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 41
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the “2016 Equity Plan”). The awards consist of RSUs and PSUs. The RSUs generally vest quarterly in equal amounts through the third anniversary of the grant date (provided the initial installment that would otherwise vest three months following the grant date will instead vest with the second installment six months following the grant date), subject to the employee’s continued employment with the Company. One-half of the RSUs entitle the holder to Company stock upon vesting and one half of the RSUs entitle the holder to Delek Logistics common limited partner units upon vesting. |

One-half of the PSUs granted in 2025 relate to Company stock and one-half relate to Delek Logistics common limited partner units. The respective PSUs vest at the end of the applicable three-year performance period based on our relative total shareholder return (“TSR”), which we define generally as appreciation in the Company’s stock price plus all dividends paid during the applicable performance period, relative to the performance of a group of 25 companies in the S&P 400 Energy Index identified by the Human Capital and Compensation Committee. Our NEOs may earn from 0% to 200% of the PSUs granted based on certain performance standards. Compensation Overview, Objectives and Philosophy Our executive compensation framework in 2024 emphasized retention and recruitment in a manner that was designed to support stockholder value and reward the performance of our executive officers with reference to the overall performance of the Company. We have developed a compensation framework that is designed to:

| • | Attract, motivate and retain key executives. |

| • | Centralize administration and control over individual compensation components. |

| DELEK US HOLDINGS, INC. |     | 2025 PROXY STATEMENT | 41 |

TABLE OF CONTENTS

| • | Align the long-term economic interests of our executives with our stockholders by providing a meaningful portion of executive compensation in the form of equity awards. |

| • | Reward excellence and performance by executives that increases the value of our stock and promotes an ethical culture amongst our employees. |

These objectives govern the decisions that the Human Capital and Compensation Committee makes with respect to the amount and type of compensation payable to our executive officers. Further, we believe that these objectives strengthen our commitment to operate our business in conformity with the highest standards of ethical conduct. Elements of Our Compensation

The compensation framework for our executive officers consists primarily of the following three elements:

| ■ | Fixed Compensation:Base salaries, pre-determined severance, limited fringe benefits and perquisites and other benefits are