Company: DK
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001694426-25-000013
Chunk: 299

Company: Delek US Holdings, Inc.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 15
Chunk 299
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-based awards is determined using a Monte-Carlo simulation model. We record compensation expense for these awards based on the grant date fair value of the award, recognized ratably over the measurement period. Performance-Based Restricted Stock Unit AssumptionsThe table below provides the assumptions used in estimating the fair values of our outstanding PRSUs under the Incentive Plans. For all awards granted, we calculated volatility using historical volatility and implied volatility of a peer group of public companies using weekly stock prices.  2024 Grants2023 Grants2022 GrantsExpected volatility51.41%57.61% - 64.46%74.11% - 77.89%Expected term 2.81 years1.81 - 2.81 years2.56 - 2.81 yearsRisk free rate4.25%4.32% - 4.60%1.84% - 3.12%Fair value per share$35.69$24.95$35.03The following table summarizes the RSU and PRSU activity under the Incentive Plans for the years ended December 31, 2024, 2023 and 2022:Number of RSUs and PRSUsWeighted-Average Grant Date PriceTotal Fair Value: In MillionsBalanceDecember 31, 20212,146,631 $23.54 Granted1,345,746 $31.87 Vested(611,440)$24.28 $14.8 Forfeited(129,771)$24.22 Performance Not Achieved(129,833)$38.76 BalanceDecember 31, 20222,621,333 $26.85 Granted1,446,101 $24.17 Vested(667,597)$26.38 $17.6 Forfeited(539,850)$27.89 Performance Not Achieved(350,939)$10.58 BalanceDecember 31, 20232,509,048 $27.48 Granted1,224,602 $26.47 Vested(836,331)$25.27 $21.1 Forfeited(303,865)$25.98 Performance Not Achieved(251,696)$34.56 BalanceDecember 31, 20242,341,758 $27.17 Compensation Expense Related to Equity-based Awards Granted Under the Incentive PlansCompensation expense for Delek