Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 43

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 43
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 that, from time to time, the Human Capital and Compensation Committee will continue to reference data and guidance provided, and to be provided, by Pay Governance or similar external consultants in setting executive and director compensation. The Human Capital and Compensation Committee believes that Pay Governance is independent of management and provides the Committee with objective guidance. Benchmarking We believe that effective executive compensation practices depend upon the particular facts and circumstances of each employer and should not be dictated by the practices of others. However, we recognize there is competition for executive talent and we believe that referencing specific and aggregated compensation data from certain companies and groups of companies from time to time can be a useful tool in our decision-making process for all areas of our compensation framework.

At its July 2024 meeting, the Human Capital and Compensation Committee approved a revised compensation peer group of twenty companies for use in 2024 (the “Comparator Group”). Pay Governance played a key role in identifying a broader set of companies to serve as peers based on the following characteristics:

| • | Companies with commodity exposure, cyclical/volatile business cycles, heavy manufacturing operations, and/or safety and environmental focus; |

| • | U.S.-based industrial public companies from the refining, midstream, chemical, and materials industries; and |

| • | Reasonably aligned with the Company from a market capitalization and revenue and assets perspective. |

We believe compensation data derived from appropriate comparative cross sections of competitors in our industries and companies with market capitalization and/or operating complexity similar to ours provides meaningful market information to be referenced from time to time in our compensation decisions. The Comparator Group consists of the following 20 companies:

| Alcoa Corporation                         |     | CVR Energy, Inc.           |     | PBF Energy Inc.                   |
| Arconic Corporation                       |     | EnLink Midstream, LLC      |     | Plains All American Pipeline, L.P |
| Cabot Corporation                         |     | Genesis Energy, L.P.       |     | Radius Recycling, Inc. L.P.       |
| Calumet Specialty Products Partners, L.P. |     | Green Plains Inc.          |     | Ryerson Holding Corporation       |
| The Chemours Company                      |     | HF Sinclair Corporation    |     | Sunoco LP                         |
| Commercial Metals Company                 |     | Huntsman Corporation       |     | World Kinect Corporation          |
| Crestwood Equity Partners LP              |     | Par Pacific Holdings, Inc. |     |                                   |

At its July 2024 meeting, the Human Capital and Compensation