Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 40

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 40
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 Proxy Statement. Our Board and its Human Capital and Compensation Committee value the opinions of our stockholders. Our Board will consider any concerns raised by our stockholders and our Human Capital and Compensation Committee will evaluate whether any actions are necessary to address the concerns. In addition to the advisory vote to approve our executive compensation, we encourage ongoing engagement with our stockholders on executive compensation and corporate governance issues.

| DELEK US HOLDINGS, INC. |     | 2025 PROXY STATEMENT | 40 |

TABLE OF CONTENTS

Summary of Compensation Actions for 2024 and 2025 At its February 2025 meeting, the Human Capital and Compensation Committee approved the following actions regarding the Company’s compensation program for 2025. The Human Capital and Compensation Committee’s actions were influenced by the Company’s current financial and share performance, a desire to maintain strong pay for performance alignment, as well as market insights and advice provided by the Human Capital and Compensation Committee’s independent consultant.

| The Human Capital and Compensation Committee approved payouts under the 2024 AIP for 2024 at 35% of target for the Company’s executive officers, including our NEOs, based on the Company’s significant achievements toward its Sum of the Parts initiatives. |

| PSUs measuring TSR relative to peers were granted in 2022 for the 2022 through 2024 performance periods reach the threshold level payout. Awards granted in 2022, for the 2022 to 2024 performance periods achieved the 29thpercentile ranks, resulting in 57% achievement. |

| The Human Capital and Compensation Committee approved an Annual Incentive Plan for the 2025 fiscal year (the “2025 AIP”) applicable to executive officers. Under the 2025 AIP, payment of awards will be based on the Company’s Adjusted EBITDA for the year ending December 31, 2025. Under the 2025 AIP, annual bonuses will be capped at target based on our non-financial measures for our executive officers unless the Company’s Adjusted EBITDA for the year ending December 31, 2025 equals or exceeds a $404 million EBITDA threshold. If this threshold is achieved, the 2025 AIP will be funded and the payouts will be determined based on Company Adjusted EBITDA achievement, and operating metrics. |

| The Human Capital and Compensation Committee approved long-term incentive awards to our named executive officers under the Company’s 2016 Long-Term Incentive Plan (