Form 4: HF Sinclair Director James H. Lee Sells Shares

Director James H. Lee of HF Sinclair Corp. sold 3,190 shares of common stock at an average price of $59.18 on February 27, 2024.

Summary

• On February 27, 2024, James H. Lee, a director of HF Sinclair Corp, sold 3,190 shares of the company's common stock.
• The shares were sold at a weighted average price of $59.18, with individual transactions ranging from $59.18 to $59.19.
• Following the transaction, Mr. Lee directly owns 62,729 shares of HF Sinclair Corp.
• Mr. Lee's spouse indirectly owns 89 shares.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of an insider transaction. It's common for directors and officers to buy and sell shares of their company's stock. The market will look at the size and frequency of these transactions to determine if there is any significance.

Comparison to Industry Standards

• Insider trading activity is closely monitored and regulated by the SEC.
• Companies like ExxonMobil (XOM) and Chevron (CVX) also have similar insider trading policies and reporting requirements.
• The reporting requirements outlined in this document are standard practice for corporate insiders.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates