Form 4: HF Sinclair Director Leldon E. Echols Reports Gift of Shares to Family Trust

Sentiment:

SEC Form 4 Filing


Director Leldon E. Echols of HF Sinclair Corp reports gifting shares of common stock to a family trust.

Summary

  • On January 26, 2024, Leldon E. Echols, a director of HF Sinclair Corp, gifted 52,100 shares of common stock to a family trust.
  • On January 31, 2024, Mr. Echols gifted 23 shares of common stock to a family trust.
  • On February 28, 2025, Mr. Echols gifted 5,648 shares of common stock to a family trust.
  • Following these transactions, Mr. Echols directly owns 5,648 shares and indirectly owns 57,771 shares through a family trust.
  • Mr. Echols and his spouse are trustees and beneficiaries of the family trust, but he disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a gift of shares, indicating a neutral sentiment.

Management Comments

  • The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.

Key Dates

DateDescription
01/26/2024Gift of 52,100 shares of common stock to a family trust.
01/31/2024Gift of 23 shares of common stock to a family trust.
02/28/2025Gift of 5,648 shares of common stock to a family trust.
03/04/2025Date of signature for the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.