HF Sinclair repurchases 1.26M shares from REH Company at $59.46 for $75M

HF Sinclair Corp

Agreement to buy 1,261,352 shares at $59.46/share; aggregate price $74,999,990.
Eleventh private repurchase from selling stockholder REH Company; shares will be treasury stock.
Repurchase under $1B buyback program authorized Aug 15, 2023; total buybacks under program now $175M.
Cash on hand to fund; closing expected on or around September 13, 2023.
REH Company previously owned ~13.6% of outstanding common stock (24.84M shares).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HF Sinclair Corp entered into Stock Purchase Agreement with REH Company (formerly known as The Sinclair Companies) valued at 1,261,352 shares of the Company’s outstanding common stock, par value $0.01 per share, at $59.46 per (effective 2023-09-08).

Action: entry
Agreement: equity purchase
Counterparty: REH Company (formerly known as The Sinclair Companies)
Value: 1,261,352 shares of the Company’s outstanding common stock, par value $0.01 per share, at $59.46 per
Effective: 2023-09-08

Exact text from the filing

On September 8, 2023, HF Sinclair Corporation (the “Company”) entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with REH Company (formerly known as The Sinclair Companies) (the “Selling Stockholder” or “REH Company”), pursuant to which the Company agreed to repurchase from the Selling Stockholder 1,261,352 shares of the Company’s outstanding common stock, par value $0.01 per share (the “Common Stock”), in a privately negotiated transaction.

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300 material agreements filed in the last 30 days. Browse all material agreements →

HF Sinclair Corp filing history →

Source: SEC EDGAR

accession 0001915657-23-000068

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