Form 4: HF Sinclair CFO Vivek Garg Granted 6,970 RSUs

HF Sinclair Corp's Acting CFO, Vivek Garg, was granted 6,970 restricted stock units under the company's long-term incentive plan.

Summary

• Vivek Garg, Acting CFO, VP, CAO & CONTR of HF Sinclair Corp (DINO), was granted 6,970 restricted stock units (RSUs).
• The grant occurred on March 2, 2026, with a price of $0.00 per unit, indicating an equity award.
• These RSUs were issued under the HF Sinclair Corporation Amended and Restated 2020 Long Term Incentive Plan.
• The RSUs will vest in two equal annual installments, commencing on December 1, 2026, contingent on continued employment.
• Following vesting, the units will be paid out in HF Sinclair common stock within 30 days.
• After this transaction, Vivek Garg beneficially owns 12,192 shares of common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine and positive development for corporate governance, as it aligns executive incentives with long-term shareholder value and aids in executive retention.

Positives

• The grant of 6,970 restricted stock units to a key executive like the Acting CFO aligns management's interests with long-term shareholder value.
• The vesting schedule, tied to continued employment, serves as a retention mechanism for critical leadership.
• The use of the Amended and Restated 2020 Long Term Incentive Plan demonstrates a structured approach to executive compensation.

Future Outlook

The restricted stock units are scheduled to vest in two equal annual installments starting December 1, 2026, contingent on Vivek Garg's continued employment with HF Sinclair Corp.

Industry Context

StockSavvy.ai notes that equity grants, particularly restricted stock units with vesting conditions, are a standard practice in executive compensation across various industries, including the energy sector where HF Sinclair operates. This practice aims to align executive incentives with long-term company performance and shareholder interests, while also serving as a retention tool for key personnel.

Comparison to Industry Standards

• This RSU grant is consistent with typical executive compensation structures seen in publicly traded companies within the refining and marketing sector.
• Similar long-term incentive plans are utilized by peers such as Valero Energy Corporation (VLO) and Marathon Petroleum Corporation (MPC) to incentivize and retain their senior leadership, often tying a significant portion of executive pay to equity performance and tenure.

Stakeholder Impact

• Shareholders: Potential positive impact through improved alignment of executive incentives with long-term company performance.
• Employees: Reinforces the company's commitment to executive retention and a structured compensation framework.

Next Steps

• Vivek Garg's continued employment with HF Sinclair Corp through the vesting dates.
• Vesting of the first installment of restricted stock units on December 1, 2026.
• Subsequent annual vesting installments thereafter.
• Issuance of HF Sinclair common stock within 30 days following each vesting date.

Key Dates

Recommendation

This Form 4 reports a routine equity grant to a key executive, which is a standard practice for executive compensation and retention. It does not contain information that would fundamentally alter the investment thesis for HF Sinclair Corp, thus a "hold" recommendation is appropriate as it neither signals significant positive nor negative operational changes.

Keywords

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