Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 90

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 90
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 such Participants on the long-term growth of the Company. The terms of the 2016 Plan are summarized below, and the full text of the 2016 Plan is set forth as Exhibit 99.1 to our Registration Statement on Form S-8 filed with the SEC on June 1, 2016. The full text of the proposed amendment to the 2016 Plan is set forth as Appendix Ato this Proxy Statement. It is intended that awards under the 2016 Plan will comply with or are exempt from Section 409(a) of the Internal Revenue Code of 1986, as amended (the “Code”). It is further intended that any incentive stock options awarded under the 2016 Plan will comply with Section 422 of the Code. Summary of the 2016 Plan Eligibility Our employees, non-employee directors, and consultants are eligible to receive awards under the 2016 Plan at the discretion of the Board or its designated committee. As of December 31, 2024, we had five executive officers, approximately 1,987 employees, and eight non-employee directors eligible to receive awards under the 2016 Plan. Administration and Authority The 2016 Plan as it affects Employee Awards and Consultant Awards is administered by a committee designated by the Board to administer

| DELEK US HOLDINGS, INC. |     | 2025 PROXY STATEMENT | 84 |

TABLE OF CONTENTS

the 2016 Plan, currently the Human Capital and Compensation Committee (the “Committee”). The Committee has authority to, among other things:

| • | Interpret the 2016 Plan and adopt the rules, regulations and guidelines it deems necessary to carry out the 2016 Plan pursuant to its terms; |

| • | Determine the exercise price of awards and the dates on which they become exercisable; |

| • | Provide for the extension of the exercisability of an Employee Award or Consultant Award; |

| • | Accelerate the vesting or exercisability of an Employee Award or Consultant Award; |

| • | Eliminate or make less restrictive any restrictions applicable to an Employee Award or Consultant Award; |

| • | Waive any restriction or other provision of the 2016 Plan applicable to an Employee Award or Consultant Award or otherwise amend or modify an Employee Award or Consultant Award, subject to limitations; and |

| • | Correct any defect, supply any reconciliation or reconcile any inconsistency in the 2016 Plan or applicable Award in the manner and to the extent the