Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 300

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 300
---
 equity-based awards amounted to $27.8 million, $23.9 million and $26.4 million for the years ended December 31, 2024, 2023 and 2022, respectively, and are included in general and administrative expenses and operating expenses in the accompanying consolidated statements of income. These amounts exclude amounts related to discontinued operations of $1.6 million, $0.2 million and $0.4 million for the years ended December 31, 2024, 2023 and 2022, respectively  We recognized income tax (benefit) expense for equity-based awards of $(3.1) million, $(2.0) million and $0.9 million for the years ended December 31, 2024, 2023 and 2022, respectively.As of December 31, 2024, there was $38.3 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements, which is expected to be recognized over a weighted-average period of 1.4 years.The aggregate intrinsic value, which represents the difference between the underlying stock's market price and the award's exercise price, of the share-based awards exercised or vested during the years ended December 31, 2024, 2023 and 2022 was $20.1 million, $16.3 million and $20.5 million, respectively. During the years December 31, 2024, 2023 and 2022, respectively, we issued net shares of common stock of 589,300, 450,123 and 457,405 as a result of exercised or vested equity-based awards. These amounts are net of 256,865, 223,645 and 463,677 shares, respectively, withheld to satisfy employee tax obligations related to the exercises and vesting for the years ended December 

F-51 |

31, 2024, 2023 and 2022.  Delek paid approximately $5.5 million, $4.5 million and $6.5 million, respectively, of taxes in connection with the settlement of these awards for the years ended December 31, 2024, 2023 and 2022. We issue new shares of common stock upon exercise or vesting of share-based awards.Delek Logistics GP, LLC 2012 Long-Term Incentive PlanLogistics GP maintains a unit-based compensation plan for officers, directors and employees of Logistics GP or its affiliates and certain consultants,