HF Sinclair repurchases 1.35M shares from REH Company at $55.62/share, total $75M

HF Sinclair Corp

Repurchased 1,348,435 shares from REH Company at $55.62/share for aggregate $74,999,955.
Purchase funded with cash on hand; shares to be held as treasury stock.
This is the 17th privately negotiated repurchase from REH Company (related party).
Repurchase made under previously authorized $1B share buyback program (authorized May 7, 2024).
Closing expected on or around May 17, 2024.

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 valued at aggregate purchase price of $74,999,955 (effective 2024-05-14).

Action: entry
Agreement: equity purchase
Counterparty: REH Company
Value: aggregate purchase price of $74,999,955
Effective: 2024-05-14

Exact text from the filing

On May 14, 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 1,348,435 shares of the Company’s outstanding common stock, par value $0.01 per share (the “Common Stock”), in a privately negotiated transaction.

View on SEC.gov

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

HF Sinclair Corp filing history →

Source: SEC EDGAR

accession 0001915657-24-000068

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