Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 48

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 48
---
 |     |     $189,000 |
| Ezra Uzi Yemin   |     | 0%                     |     | 140%   |     | 280%    |     | 49%                    |     |     $245,000 |

Enterprise Optimization Plan

As part of the Company’s efforts to reduce costs and promote efficiency, in 2024 the Company implemented an enterprise optimization initiative with a goal of at least a $100 million improvement in expenses through 2025. To support this initiative, in October 2024 the Human Capital and Compensation Committee approved an equity-based enterprise optimization incentive plan (the “EOP”). The EOP is focused on increasing the Company’s free cash flow via shared services outsourcing, improvements to refining operating expenses, commercial growth, and interest expense reduction, while also incentivizing retention of key employees. The EOP has a performance period ending December 31, 2025. Payouts would not occur unless the Company reaches at least $100 million in free cash flow (“FCF”) savings on a one-year run rate basis exiting 2025, using an average of the FCF savings in the third and fourth quarters of 2025 over the Company’s second quarter 2024 reported results. The following table sets forth the targets for the EOP.

| EOP FCF Metric         |     | Average of Q3 and Q4 
 2025 Results         |     |              |
| Target                 |     | Max                  |     |              |
| Annualized FCF Savings |     | $100 million         |     | $200 million |

No payouts will occur unless the $100 million annualized run rate FCF savings are met. Furthermore, for any payment in excess of target, a stock price hurdle of 0-20% stock price improvement at any point from plan adoption through payout in March 2026 must be met, with payouts limited by the hurdle on a straight-line basis from 0% (at target) to 20% (for maximum payout). Payouts between the target and maximum payouts would be based on straight-line interpolation. The EOP metrics were designed with project level detail to enable assurance over the calculation of the chosen metrics through reviews by the Company’s internal audit function as well as audits of vesting estimates by the Company’s

| DELEK US HOLDINGS, INC. |     | 2025 PROXY STATEMENT | 46 |

TABLE OF CONTENTS independent registered public accounting firm, EY, with any discrepancies