HF Sinclair (NYSE: DINO) signs $212M stock repurchase with REH
Rhea-AI Filing Summary
HF Sinclair Corporation agreed to repurchase 2,375,000 shares of its common stock from REH Advisors Inc. at $89.41 per share, for an aggregate price of approximately $212 million, under a privately negotiated Stock Purchase Agreement dated August 2, 2026. The transaction will be funded with cash on hand, is expected to close on or around August 5, 2026, and the shares will be held as treasury stock.
In connection with this agreement, the Board increased the previously authorized $1 billion Share Repurchase Program by $15 million, effective July 31, 2026. The company has repurchased over $1 billion of common stock under this program, including this transaction, and reports approximately $11 million of repurchase authorization remaining. This is the twenty-second privately negotiated repurchase from REH under the program, which may be discontinued at any time and whose future activity will depend on market and other conditions.
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8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Shares to be repurchased: 2,375,000 shares
Repurchase price per share: $89.41 per share
Aggregate repurchase price: approximately $212 million
+4 more
7 metrics
Shares to be repurchased
2,375,000 shares
Common stock to be bought from REH Advisors under the Stock Purchase Agreement
Repurchase price per share
$89.41 per share
Price HF Sinclair will pay for each repurchased share
Aggregate repurchase price
approximately $212 million
Total consideration for 2,375,000 shares from REH Advisors
Share Repurchase Program size
$1 billion
Previously disclosed program authorized by the Board on May 7, 2024
Program increase
$15 million
Incremental authorization effective July 31, 2026
Authorization remaining
approximately $11 million
Repurchase capacity left under the Share Repurchase Program after this transaction
Number of privately negotiated REH deals
twenty-second
Count of privately negotiated repurchases with REH including this transaction
Key Terms
Stock Purchase Agreement, treasury stock, Share Repurchase Program, forward-looking statements, +1 more
5 terms
Stock Purchase Agreement financial
"entered into a Stock Purchase Agreement, dated August 2, 2026"
A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.
treasury stock financial
"The shares to be repurchased ... will be held as treasury stock"
Treasury stock is shares that a company has bought back from the public and kept in its own control rather than retiring them. Think of it like a company holding its own tickets in a drawer: those shares no longer vote or receive dividends while held, but the company can reissue or retire them later; this reduces the number of shares available to outside investors and can boost per‑share earnings and influence ownership and stock price.
forward-looking statements regulatory
"The following is a “safe harbor” statement ... are “forward-looking statements”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Emerging growth company regulatory
"Section 405 of this chapter) or Rule 12b-2 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How will HF Sinclair (DINO) fund the $212 million stock repurchase?
The $212 million repurchase from REH Advisors will be funded with cash on hand. The shares bought back will be held as treasury stock by HF Sinclair after the transaction is completed.
When is the HF Sinclair (DINO) repurchase from REH expected to close?
HF Sinclair expects the repurchase of 2,375,000 shares from REH Advisors to be completed on or around August 5, 2026, subject to the company’s ability to complete the transaction as contemplated.
How many privately negotiated repurchases has HF Sinclair (DINO) done with REH?
This latest Stock Purchase Agreement is described as the twenty-second privately negotiated share repurchase transaction between HF Sinclair and REH. All such transactions have been executed under the company’s Share Repurchase Program.