Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 298

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 298
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 table summarizes our Incentive Plans stock option and SAR activity for the years ended December 31, 2024, 2023 and 2022:Number of Shares Under OptionWeighted-Average Strike PriceWeighted-Average Contractual Term (in years)Aggregate Intrinsic Value(in millions)Options and SARs outstanding, December 31, 20212,073,230 $33.79 Exercised(326,735)$26.04 Forfeited(219,450)$35.72 Options and SARs outstanding, December 31, 20221,527,045 $35.17 Exercised(51,200)$25.06 Forfeited(259,730)$37.34 Options and SARs outstanding, December 31, 20231,216,115 $35.14 Granted 230,000 $26.50 Exercised(33,150)$25.81 Forfeited(172,400)$38.91 Options and SARs outstanding, December 31, 20241,240,565 $33.25 4.2$0.1Vested options and SARs exercisable, December 31, 20241,010,565 $34.79 3.1$0.1Vested options and SARs exercisable, December 31, 20231,216,115 $35.14 4.1$0.3

F-50 |

Restricted Stock UnitsThe Incentive Plans provide for the award of RSUs and PRSUs to certain employees and non-employee directors.  RSUs granted to employees vest ratably over three to five years from the date of grant, and RSUs granted to non-employee directors vest quarterly over the year following the date of grant. The grant date fair value of RSUs is determined based on the closing price of Delek's common stock on the grant date.  PRSUs initially granted to employees will typically vest in one to three tranches, the first of which vests on December 31 of the year following the grant date, the second and third on the subsequent December 31.  PRSUs subsequently granted to employees will typically vest at the end of a three calendar year performance period.  The number of PRSUs that will ultimately vest is based on the Company's total shareholder return over the performance period. The grant date fair value of PRSUs for market