Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 53

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 53
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 NEOs, from being able to contribute amounts to the 401(k) Plan sufficient to receive the full Company match of ten percent of eligible compensation, in 2019, we adopted the Delek US Holdings, Inc. Deferred Compensation Plan (the “Deferred Compensation Plan”) that allows our executives, including our NEOs, to receive such matching contributions. The Deferred Compensation Plan allows participating executives, including our NEOs, to defer up to 50% of their base salary, and up to 100% of amounts payable under our annual incentive plan, and, prior to January 1, 2021, receive matching contributions as if they had been made under the 401(k) Plan up to a maximum of ten percent of eligible compensation. Since the 2008 tax year, we have reimbursed our executive officers for the cost of professional preparation of their income tax returns. Because our executive officers are typically among our most highly compensated employees, their personal tax returns may be examined in connection with examinations of our tax returns. In addition, Exchange Act reporting requirements expose the executive officers’ compensation to public scrutiny. We believe that encouraging our executive officers to seek professional tax advice will mitigate the personal risks that accompany the heightened scrutiny of their compensation, provide us with a retention and recruiting tool for executive officers, and protect us from the

| DELEK US HOLDINGS, INC. |     | 2025 PROXY STATEMENT | 49 |

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negative publicity that could surround an executive officer’s misstatement of his or her personal income tax liabilities. We currently have written employment arrangements with each of Messrs. Soreq, Israel and Spiegel, and Ms. McWatters. These employment arrangements generally provide for certain benefits to and commitments from each NEO, including:

| • | Provisions requiring the confidentiality of Company information obtained by the executive during his or her employment; |

| • | In some instances, non-competition and non-solicitation restrictions on the executive in the event of termination of his or her employment; and |

| • | The provision of certain perquisites described above including reimbursement of certain tax preparation costs and, for Messrs. Soreq and Spiegel, the use of a Company-owned vehicle, and for Mr. Spiegel, reimbursement for certain rent expenses, which perquisites are more fully described in the Summary Compensation Table in this Proxy Statement. |

In addition, these employment agreements, as well as the terms of the 2006 Plan, the 2016 Plan, and De