Form 4: HF Sinclair CFO Atanasov Granted 24,084 Stock Units

HF Sinclair's EVP and CFO, Atanas H. Atanasov, was granted 24,084 restricted stock units as part of the company's long-term incentive plan.

Summary

• Atanas H. Atanasov, Executive Vice President and Chief Financial Officer of HF Sinclair Corp, acquired 24,084 shares of common stock.
• The acquisition occurred on November 11, 2025, at a price of $0 per share, indicating a grant of restricted stock units (RSUs).
• These RSUs were granted under the HF Sinclair Corporation Amended and Restated 2020 Long Term Incentive Plan.
• The restricted stock units will vest in three equal annual installments, commencing on December 1, 2026, provided the reporting person remains employed by the Issuer.
• Upon vesting, the units will be paid in the form of the Issuer's common stock within 30 days.
• Following this transaction, Atanas H. Atanasov beneficially owns 103,011 shares of common stock directly.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is a positive indicator of management alignment with shareholder interests and a standard practice for long-term incentive, reflecting stability and a commitment to future performance.

Positives

• The grant of restricted stock units aligns the executive's interests with those of shareholders, incentivizing long-term performance.
• Increased insider ownership demonstrates confidence in the company's future prospects.

Risks

• The Power of Attorney explicitly states that it does not relieve the undersigned from their obligations to comply with the requirements of the Securities Exchange Act of 1934, including reporting requirements under Section 16 or Sections 13(d) or 13(g), or to maintain a good standing EDGAR account with the SEC. Non-compliance could lead to legal or regulatory penalties.

Future Outlook

The restricted stock units are designed to incentivize long-term performance, with vesting contingent on continued employment through three equal annual installments beginning December 1, 2026. The vested units will be paid in common stock within 30 days of each vesting date.

Industry Context

This RSU grant is a standard executive compensation practice within the energy and refining industry, aiming to retain key talent and align management incentives with shareholder value creation over the long term.

Comparison to Industry Standards

• Executive compensation through restricted stock units is a common practice across publicly traded companies, including those in the energy sector, to foster long-term commitment and performance.
• The three-year annual vesting schedule is typical for such long-term incentive grants, comparable to similar plans observed at peers like Marathon Petroleum Corporation (MPC) or Valero Energy Corporation (VLO), which also utilize equity-based compensation to retain executives.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the interests of the EVP and CFO with shareholders, potentially leading to better long-term performance and value creation.
• Employees: The long-term incentive plan demonstrates the company's commitment to retaining key talent, which can contribute to overall company stability and success.

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 HF Sinclair common stock within 30 days following each vesting date.

Key Dates

Keywords

HF Sinclair, DINO, Atanasov, Restricted Stock Units, RSU Grant, Insider Ownership, Executive Compensation, Long Term Incentive Plan, SEC Form 4