Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 108

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 108
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TH AMENDMENT TO THE DELEK US HOLDINGS, INC. 2016 LONG-TERM INCENTIVE PLAN (this “ Sixth Amendment”) is effective as of, 2025. Capitalized terms used and not defined herein shall have the meanings ascribed to them in the Plan (as defined below), and all section references shall refer to the Plan. RECITALS WHEREAS, Delek US Holdings, Inc. (the “ Company”) currently awards long-term compensation to certain non-employee directors, employees, and consultants under its 2016 Long-Term Incentive Plan, as amended by that certain First Amendment dated as of May 8, 2018, that certain Second Amendment dated as of May 5, 2020, that certain Third Amendment dated as of June 9, 2021, that certain Fourth Amendment dated as of May 3, 2022, and that certain Fifth Amendment dated as of May 3, 2023 (as amended, the “ Plan”); WHEREAS, the Plan reserves 17,010,000 shares of Common Stock for issuance in connection with awards granted thereunder; WHEREAS, the Company desires to amend the Plan to increase the number of shares of Common Stock reserved for issuance under the Plan by 1,900,000 shares; WHEREAS, this Sixth Amendment requires the approval of the Company’s stockholders; and WHEREAS, the Board, based upon the recommendation of the Human Capital and Compensation Committee of the Board, which committee has previously been appointed by the Board pursuant to Section 5 to administer the Plan (the “ Committee”), has determined that it is in the best interests of the Company, subject to the approval of the Company’s stockholders at the Company’s 2025 Annual Meeting of Stockholders, to amend the Plan to increase the number of shares of Common Stock reserved for issuance under the Plan by an additional 1,900,000 shares, from 17,010,000 shares to 18,910,000 shares, and to amend the Plan as set forth in this Sixth Amendment. NOW, THEREFORE, the Plan shall be amended effective as of the date hereof as follows:

| 1. | Paragraph 4 of the Plan is deleted in its entirety and replaced with the following: |

4. Common Stock Available for Awards. Subject to the provisions of Paragraph 16 hereof, there shall be available for Awards granted wholly or partly in Common Stock (including rights or options which may be exercised for or settled