Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 93

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 8
Chunk 93
---
31, 2025 and 2024, respectively. These amounts, excluding amounts related to discontinued operations of $0.1 million for the three months ended March 31, 2024, are included in general and administrative expenses and operating expenses in the accompanying condensed consolidated statements of income. As of March 31, 2025, there was $38.0 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements, which is expected to be recognized over a weighted-average period of 1.5  years.  We issued net shares of common stock of 61,150 and 44,374 as a result of exercised or vested equity-based awards during the three months ended March 31, 2025 and 2024, respectively. These amounts are net of 25,730 and 35,434 shares withheld to satisfy employee tax obligations related to the exercises and vesting during the three months ended March 31, 2025 and 2024, respectively.

19.  Shareholders' Equity

DividendsFor 2025, our Board of Directors declared the following dividends:Approval DateDividend Amount Per ShareRecord DatePayment DateFebruary 18, 2025$0.255March 3, 2025March 10, 2025April 29, 2025$0.255May 12, 2025May 19, 2025Stock Repurchase Program Our Board of Directors has authorized a share repurchase program under which repurchases of Delek common stock may be executed through open market transactions or privately negotiated transactions, in accordance with applicable securities laws. The timing, price and size of repurchases are made at the discretion of management and will depend on prevailing share prices, general economic and market conditions and other considerations. The authorization has no expiration date. During the three months ended March 31, 2025, 2,009,420 shares of our common stock were repurchased and cancelled at the time of the transaction for a total of $31.5 million.  No shares were repurchased for the three months ended March 31, 2024.  As of March 31, 2025, there was $512.1 million of authorization remaining under Delek's aggregate stock repurchase program.

20. Subsequent Events  

Delek LogisticsOn May 1, 2025, we transferred the Delek Permian Gathering purchasing and blending business to Delek Logistics (the "DPG Dropdown”). In