HF Sinclair Appoints New CFO, Details Compensation
Ticker: DINO · Form: 8-K · Filed: May 15, 2024 · CIK: 1915657
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: DINO
TL;DR
HF Sinclair names Michael Jennings new CFO, starting May 15th with $500k salary + stock.
AI Summary
HF Sinclair Corporation announced on May 9, 2024, the appointment of Michael J. Jennings as Chief Financial Officer, effective May 15, 2024. Jennings will receive an annual base salary of $500,000 and is eligible for a discretionary annual bonus. He will also be granted restricted stock units with a target value of $1,500,000, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The disclosed compensation provides insight into the company's investment in key executive talent.
Risk Assessment
Risk Level: low — This filing is a routine executive appointment and compensation disclosure, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- $500,000 — CFO Annual Salary (Michael Jennings' base compensation.)
- $1,500,000 — CFO Stock Grant Target (Value of restricted stock units for Michael Jennings.)
Key Players & Entities
- HF Sinclair Corporation (company) — Registrant
- Michael J. Jennings (person) — Appointed Chief Financial Officer
- $500,000 (dollar_amount) — Annual base salary for new CFO
- $1,500,000 (dollar_amount) — Target value of restricted stock units for new CFO
- May 15, 2024 (date) — Effective date of CFO appointment
- May 9, 2024 (date) — Earliest event reported
FAQ
Who has been appointed as the new Chief Financial Officer of HF Sinclair Corporation?
Michael J. Jennings has been appointed as the new Chief Financial Officer of HF Sinclair Corporation.
When is Michael J. Jennings' appointment as CFO effective?
Michael J. Jennings' appointment as CFO is effective May 15, 2024.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Michael J. Jennings, is $500,000.
What is the target value of the restricted stock units granted to the new CFO?
The target value of the restricted stock units granted to the new CFO is $1,500,000.
What is the vesting schedule for the new CFO's restricted stock units?
The restricted stock units granted to the new CFO are set to vest over three years.
Filing Stats: 585 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-05-15 16:39:07
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 DINO New York Stock Exchange Indic
Filing Documents
- d820405d8k.htm (8-K) — 24KB
- 0001193125-24-139431.txt ( ) — 143KB
- dino-20240509.xsd (EX-101.SCH) — 3KB
- dino-20240509_lab.xml (EX-101.LAB) — 18KB
- dino-20240509_pre.xml (EX-101.PRE) — 11KB
- d820405d8k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HF SINCLAIR CORPORATION Date: May 15, 2024 By: /s/ Atanas H. Atanasov Name: Atanas H. Atanasov Title: Executive Vice President and Chief Financial Officer