Company: DK
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050541
Chunk: 55

Company: Delek US Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 55
---
— $55.5 $55.7 OtherCost of materials and other0.5 — — 0.5 Severance costs and equity based compensationOperating expenses0.3 — 11.5 11.8 Total$1.0 $— $67.0 $68.0 Nine Months Ended September 30, 2024Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees, severance costs and bonus expenseGeneral and administrative expenses$— $— $9.9 $9.9 Severance costs and bonus expenseOperating expenses0.4 — 3.8 4.2 ImpairmentAsset impairment22.1 — 9.2 31.3 Asset write-offOther operating (income) loss, net14.1 — — 14.1 Total$36.6 $— $22.9 $59.5 

18. Equity-Based Compensation

Delek US Holdings, Inc. 2006 and 2016 and Alon USA Energy, Inc. 2005 Long-Term Incentive Plans (collectively, the "Incentive Plans")Compensation expense related to equity-based awards granted under the Incentive Plans amounted to $6.5 million and $18.5 million for the three and nine months ended September 30, 2025, respectively, and $7.8 million and $20.4 million for the three and nine months ended September 30, 2024, respectively, and are included in general and administrative expenses and operating expenses in the accompanying condensed consolidated statements of income. These amounts exclude amounts related to discontinued operations of $1.4 million and $1.6 million for the three and nine months ended September 30, 2024, respectively. As of September 30, 2025, there was $38.1 million of total 

35 |

Notes to Condensed Consolidated Financial Statements (unaudited)

unrecognized compensation cost related to non-vested share-based compensation arrangements, which is expected to be recognized over a weighted-average period of 1.7 years. We issued net shares of common stock of 82,161 and 558,645 as a result of exercised or vested equity-based awards during the three and nine months ended September 30, 2025, respectively, and