Form 4: HF Sinclair Director Anne-Marie Ainsworth Reports Stock Award

Director Anne-Marie Ainsworth received 3,772 shares of HF Sinclair stock as part of a restricted stock unit grant.

Summary

• Anne-Marie Ainsworth, a director at HF Sinclair Corp, reported a transaction on November 13, 2024.
• She acquired 3,772 shares of common stock through a restricted stock unit grant.
• The grant was made under the company's 2020 Long Term Incentive Plan.
• The restricted stock units will vest on December 1, 2025, provided she remains on the board until then.
• The vested shares will be paid within 30 days of the vesting date in the form of HF Sinclair common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock grants to a director, which is a positive sign of aligning interests. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting period encourages continued service on the board.

Future Outlook

The restricted stock units will vest on December 1, 2025, contingent on continued service on the board, and will be paid out in shares within 30 days of vesting.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies, including those in the energy sector like Marathon Petroleum (MPC) and Valero Energy (VLO).
• These grants typically vest over a period of time, often 1-3 years, to incentivize long-term commitment and align director interests with shareholder value.
• The vesting period of approximately 1 year for HF Sinclair is within the typical range for such grants.
• The value of the grant is not specified, but it is likely based on the company's stock price at the time of the grant.

Stakeholder Impact

• The stock grant aligns the director's interests with shareholders, encouraging long-term value creation.
• The grant does not have a direct impact on employees, customers, or suppliers.

Next Steps

• The restricted stock units will vest on December 1, 2025, if the director remains on the board.
• The vested shares will be distributed within 30 days of the vesting date.

Key Dates

Keywords

HF Sinclair, Director, Stock Award, Restricted Stock Units, Incentive Plan, Beneficial Ownership, Form 4