Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 70

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 70
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SE of $42.26 per unit, (b) any required advance notice provisions had been satisfied, (c) the vesting of equity awards under the 2006 Plan and 2016 Plan were accelerated by our Board pursuant to any applicable employment agreement provisions (including the prorated acceleration of PSUs at target quantities), and (d) the vesting of equity awards under the Delek Logistics LTIP were not accelerated because the Delek Logistics GP board is not bound by the employment agreements with our NEOs. |

| (2) | Assumes acceleration of 16,750 unvested DK RSUs, 8,103 unvested DKL RSUs, and 91,954 unvested PSUs. |

| (3) | Assumes acceleration of 16,841 unvested DK RSUs, 1,918 unvested DKL RSUs, and 21,065 unvested PSUs. |

| (4) | Assumes acceleration of 3,241 unvested DK RSUs, 1,546 unvested DKL RSUs, and 30,886 unvested PSUs. |

| DELEK US HOLDINGS, INC. |     | 2025 PROXY STATEMENT | 65 |

TABLE OF CONTENTS

| (5) | Assumes acceleration of 28,768 unvested PSUs. |

| (6) | The “Change-In-Control” table assumes that an “exchange transaction” (as described under the heading “2006 Long-Term Incentive Plan” below) and “change in control” (as described under the heading “2016 Long-Term Incentive Plan” below) occurred on December 31, 2024, the last trading day of fiscal year 2024, when the fair market values of our Common Stock and Delek Logistics’ common units were $18.50 per share and $42.26 per unit, respectively, and, as a result, the NEO’s employment is terminated and our Board and the Delek Logistics GP board of directors decided that all outstanding plan-based and other equity awards should become fully vested (including PSUs at target values) and participate in the transaction value of the shares covered by the award (e.g., by exercise or cash out). |

| (7) | Assumes acceleration of 45,397 unvested DK RSUs, 25,389 unvested DKL RSUs, and 210,782 unvested PSUs