Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 59

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 59
---
atters on October 7, 2024 are subject to a performance period beginning in the third quarter of 2024 and ending December 31, 2025 as described above with respect to the EOP. |

| (3) | The amounts in this column reflect the aggregate grant date fair value computed in accordance with FASB ASC Topic 718 for financial statement reporting purposes over the expected term of the grant. Assumptions used in the calculation of this amount for the 2024 fiscal year are included in footnote 20 to our audited financial statements for the 2024 fiscal year included in our Annual Report on Form 10-K filed with the SEC on February 26, 2025. Because the fair value of PSUs is calculated differently than the fair value of RSUs, the grant date fair values for PSUs and RSUs covering identical quantities of shares may differ. |

| DELEK US HOLDINGS, INC. |     | 2025 PROXY STATEMENT | 54 |

TABLE OF CONTENTS

| (4) | The amounts in this column reflect the Delek shares to be issued upon the vesting of RSUs granted under the 2016 Plan. The RSUs vest quarterly for three years, pro rata. |

| (5) | The amounts in this column reflect the Delek Logistics common units to be issued upon the vesting of RSUs granted under the Delek Logistics 2012 Long-Term Incentive Plan. The RSUs vest quarterly for three years,pro rata. |

| (6) | The amounts represent a one-time equity award granted under the 2016 Plan. This award vests quarterly over the course of one year. |

Narrative to the Summary Compensation Table and Grants of Plan-Based Awards in 2024 Table

The following is a discussion of certain terms of the employment agreements with our NEOs that we believe are necessary to an understanding of the information disclosed in the Summary Compensation Table and Grants of Plan-Based Awards in 2024 Table. Soreq Employment Agreement On May 28, 2022, we entered into an employment agreement with Mr. Soreq (as amended, the “Soreq Agreement”) with a fixed term ending on June 12, 2026. On November 6, 2024, we entered into an amendment extending the term through June 12, 2028. The term of the Soreq Agreement is evergreen after June 12, 2028 and non-re