Form 4: HF Sinclair CEO Timothy Go Receives RSU Grant

HF Sinclair Corp's CEO and President, Timothy Go, was granted 56,616 restricted stock units, vesting over three years.

Summary

• Timothy Go, CEO and President of HF Sinclair Corp (DINO), acquired 56,616 restricted stock units (RSUs) on November 11, 2025.
• The RSUs were granted under the HF Sinclair Corporation Amended and Restated 2020 Long Term Incentive Plan.
• These restricted stock units will vest in three equal annual installments, commencing on December 1, 2026 (or the first business day thereafter).
• Vesting is contingent upon Mr. Go remaining employed by the Issuer from the grant date through each vesting date.
• Vested RSUs will be paid in the form of the Issuer's common stock within 30 days following each vesting date.
• Following this transaction, Mr. Go directly beneficially owns 189,653 shares of Common Stock and indirectly owns 179,423 shares via a Trust.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to the CEO is a positive signal, aligning management's interests with shareholders and incentivizing long-term performance. It's a standard compensation practice, indicating stability and a commitment to executive retention.

Positives

• The grant of restricted stock units to CEO Timothy Go aligns his interests with those of shareholders, incentivizing long-term performance and retention.
• The vesting schedule over three years promotes sustained leadership and strategic execution.

Negatives

• The grant of new restricted stock units could lead to minor dilution for existing shareholders upon vesting, though this is a standard component of executive compensation.

Risks

• The vesting of the restricted stock units is conditional on Timothy Go's continued employment with HF Sinclair Corp, meaning the benefits are not guaranteed if his employment ceases.
• Future stock price fluctuations could impact the ultimate value of the vested restricted stock units.

Future Outlook

The restricted stock units are designed to vest in three equal annual installments starting December 1, 2026, provided the CEO remains employed, indicating a forward-looking incentive structure for executive retention and performance.

Industry Context

The grant of restricted stock units to a CEO is a standard practice in the energy and refining industry, as well as across most publicly traded sectors, to incentivize long-term performance, align executive interests with shareholders, and retain key leadership. This type of compensation is a common component of executive pay packages designed to reward future contributions.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a component of executive compensation is a widely adopted practice across industries, including the energy sector where HF Sinclair operates. Companies like Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) frequently utilize similar equity-based incentives for their top executives.
• The three-year annual vesting schedule is a common structure for RSU grants, aiming to promote long-term commitment and performance, consistent with practices observed at peer companies.
• The grant size of 56,616 RSUs for a CEO of a company like HF Sinclair is within the typical range for executive equity awards, reflecting a balance between incentive and potential dilution, comparable to grants seen at similar-sized refining and marketing companies.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to CEO Timothy Go constitutes a related party transaction, as it involves compensation from the company to a key executive. This is a standard and disclosed form of executive compensation.

Stakeholder Impact

• Shareholders: The grant aligns the CEO's long-term interests with shareholder value creation, but also represents potential future dilution upon vesting.
• Employees: May view the executive compensation as a benchmark or indicator of the company's overall compensation philosophy.
• Management: Provides a significant incentive for the CEO to remain with the company and drive long-term performance.

Next Steps

• The restricted stock units will begin vesting in three equal annual installments starting December 1, 2026.
• Vested restricted stock units will be paid in common stock within 30 days following each vesting date.

Key Dates

Keywords

HF Sinclair, DINO, Timothy Go, Restricted Stock Units, RSU Grant, Executive Compensation, Insider Transaction, SEC Form 4, Long Term Incentive Plan