Company: DK
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001694426-25-000060
Chunk: 190

Company: Delek US Holdings, Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 190
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Statement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees, severance costs and equity based compensationGeneral and administrative expenses$— $— $7.5 $7.5 Severance costs and equity based compensationOperating expenses0.3 — 0.6 0.9 Total$0.3 $— $8.1 $8.4 

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Notes to Condensed Consolidated Financial Statements (unaudited)

Three Months Ended March 31, 2024Type of CostsStatement of Income LocationRefiningLogisticsCorporate,Other and EliminationsConsolidatedConsulting fees and severance costsGeneral and administrative expenses$— $— $3.2 $3.2 Total$— $— $3.2 $3.2 

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 $5.9 million and $6.2 million for the three months ended March 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,