Company: DK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001140361-25-009658
Chunk: 39

Company: Delek US Holdings, Inc.
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 39
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, INC. |     | 2025 PROXY STATEMENT | 39 |

TABLE OF CONTENTS

Compensation Highlights for Fiscal 2024 The following are the highlights of our 2024 compensation program:

| ■ | Our Human Capital and Compensation Committee has adopted a strong pay-for-performance philosophy which targets compensation at the market median of a group of similarly sized energy and industrial companies. |

| ■ | Compensation is paid in a mix of base salary; annual cash-based incentives under our Annual Incentive Plan (“AIP”); and equity-based long-term incentive awards (consisting of equal amounts of Restricted Stock Units (“RSUs”) and Performance-based Restricted Stock Units (“PSUs”)). |

| ■ | Compensation is tied to our financial, operating, environmental, safety, and stock performance, so that a substantial portion of the compensation provided to our executive officers is at risk. |

| ■ | Our equity-based long-term incentive program is intended to attract, motivate, and retain participants, and to enhance stockholder value through the use of non-cash, equity incentive compensation opportunities. In 2024 as in past years, 50% of the target value of each executive’s long-term incentive opportunity was granted in time vesting RSUs allocated evenly between Company stock and Delek Logistics common units, and 50% was granted in performance-vesting PSUs. The time-vesting RSUs vest on a quarterly basis over a three-year period and the PSU grants are earned based on our total shareholder return (“TSR”) relative to 24 companies in the S&P 400 Energy Index in four tranches with three one-year performance periods (2024, 2025, and 2026) and a single three-year performance period (2024-2026), with earned PSUs vesting at the end of the three-year period. |

Advisory Vote on Executive Compensation We conducted an advisory vote to approve our executive compensation at our 2024 Annual Meeting of Stockholders, and more than 95% of the votes cast were in favor of our executive compensation program as described in our 2024 Proxy Statement. As a result, our NEO compensation was approved (on an advisory basis) by our stockholders in 2024. While these votes are not binding on us, our Board or its committees, we believe it is important for our stockholders to have an opportunity to express their views regarding our executive compensation philosophy, our compensation policy and programs, and our decisions regarding executive compensation, all as disclosed in our