HF Sinclair repurchases 454,380 shares from REH Company for $25M under existing buyback program

HF Sinclair Corp

Repurchased 454,380 shares at $55.02/share for aggregate $24,999,988; shares held as treasury.
Transaction is 14th privately negotiated repurchase with REH Company, which owns ~13.96% of common stock.
Funded with cash on hand; closing expected on or around January 8, 2024.
Total repurchases under the $1B program now $348.6M, inclusive of this transaction.
Program authorized August 15, 2023; timing of future repurchases depends on market conditions.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

HF Sinclair Corp entered into Stock Purchase Agreement with REH Company valued at $24,999,988 (effective 2024-01-03).

Action: entry
Agreement: equity purchase
Counterparty: REH Company
Value: $24,999,988
Effective: 2024-01-03

Exact text from the filing

On January 3, 2024, 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 454,380 shares of the Company’s outstanding common stock, par value $0.01 per share (the “Common Stock”), in a privately negotiated transaction. The price per share to be paid by the Company under the Stock Purchase Agreement is $55.02 per share resulting in an aggregate purchase price of $24,999,988.

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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 0001915657-24-000007

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