Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 61

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 61
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 of his employment. Please see the narrative discussion under the heading “Potential Payments Upon Termination or Change-In-Control” in this Proxy Statement for further discussion of these terms. Israel Employment Agreement Effective as of March 27, 2023, we entered into an employment agreement with Mr. Israel that expires on March 27, 2027 (as amended, the “Israel

| DELEK US HOLDINGS, INC. |     | 2025 PROXY STATEMENT | 55 |

TABLE OF CONTENTS Agreement”). In November 2024, we entered into an amendment to the Israel Agreement in connection with Mr. Israel’s appointed to Executive Vice President, President, Refining and Renewables which provides for base compensation of $600,000, an annual target bonus opportunity at 90% of base compensation with a maximum payout opportunity of 200% of the target amount, and provides for an annual long-term incentive award valued at $1,200,000 per year split evenly between time-vested RSUs and performance-based PSUs. Mr. Israel also received a grant of $1,000,000 of time-vesting RSUs in connection with his appointment as Executive Vice President, Refining and Renewables. The Israel Agreement includes non-solicitation provisions with respect to the customers and employees of the Company during the term of the Israel Agreement and for one year thereafter. Mr. Israel may receive certain benefits upon the expiration or termination of his employment. Please see the narrative discussion under the heading “Potential Payments Upon Termination or Change-In-Control” in this Proxy Statement for further discussion of these terms. McWatters Employment Agreement On February 3, 2021, we entered into an employment agreement with Ms. McWatters that originally expired on February 28, 2025 (as amended, the “McWatters Agreement”). In November 2024, we entered into an amendment to the McWatters Agreement which extends the term of the McWatters Agreement to June 30, 2026, and provides for base compensation of $470,000, an annual target bonus opportunity at 75% of base compensation with a maximum payout opportunity of 200% of the target amount, and a grant of $750,000 of time-vesting RSUs that will vest quarterly through June 30, 2026. The Company also agreed to provide Ms. McWatters with a one year consulting agreement in July 2026 with annual base compensation of $250,000. The McWatters