HF Sinclair repurchases $60M of common stock from REH Company at $56.50/share

HF Sinclair Corp

Repurchased 1,061,946 shares from REH Company (formerly The Sinclair Companies) at $56.50/share for $59,999,949 aggregate.
Transaction is the fifteenth private buyback from REH Company, funded with cash on hand and expected to close by Feb 13, 2024.
Total repurchases under the August 2023 $1B program now $408.6M; remaining authorization ~$591.4M.
Shares repurchased will be held as treasury stock; Audit Committee approved as an interested transaction.

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 $59,999,949 (effective 2024-02-08).

Action: entry
Agreement: equity purchase
Counterparty: REH Company (formerly known as The Sinclair Companies)
Value: $59,999,949
Effective: 2024-02-08

Exact text from the filing

On February 8, 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 1,061,946 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 0001915657-24-000019

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