HF Sinclair sets pay for acting CEO Myers
HF Sinclair Corporation details compensation for Acting CEO and President Franklin Myers, who began serving in this temporary role on February 17, 2026.
Rhea-AI Filing Summary
HF Sinclair Corporation details compensation for Acting CEO and President Franklin Myers, who began serving in this temporary role on February 17, 2026. His package includes a monthly cash stipend of $9,000 for qualifying business expenses and equity-based incentives.
Myers will receive a one-time grant of restricted stock units with a grant-date value of approximately $105,000, plus additional restricted stock unit grants of approximately $105,000 on or around the 17th of each month starting in April 2026 while he serves as Acting CEO. He participates in standard employee benefit plans, will not be paid for concurrent Board service, and the Board will review his compensation arrangements in good faith at least quarterly.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Monthly cash stipend: $9,000 per month
Initial RSU grant value: $105,000
Monthly follow-on RSU grants: $105,000 each
+2 more
5 metrics
Monthly cash stipend
$9,000 per month
For qualifying business expenses while serving as Acting CEO, from February 17, 2026
Initial RSU grant value
$105,000
One-time restricted stock unit grant for Franklin Myers as Acting CEO
Monthly follow-on RSU grants
$105,000 each
Restricted stock unit grants on or around the 17th of each month starting April 2026
Acting CEO age
73 years
Age of Franklin Myers at the time of appointment as Acting CEO
Acting CEO effective date
February 17, 2026
Start date of Franklin Myers’ temporary role as CEO and President
Key Terms
Acting CEO, restricted stock units, Long Term Incentive Plan, Compensation Committee, +1 more
5 terms
Acting CEO financial
"appointed Mr. Franklin Myers, age 73, as Chief Executive Officer and President of the Company on a temporary basis, effective as of February 17, 2026 (“Acting CEO”)."
restricted stock units financial
"a one-time grant of restricted stock units, the grant date value of which shall equal approximately $105,000 (the “Initial RSU Grant”)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long Term Incentive Plan financial
"The RSU Grants will be governed by the HF Sinclair Corporation Amended and Restated 2020 Long Term Incentive Plan"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
Compensation Committee financial
"the Compensation Committee of the Board of Directors of the Company recommended, and the Board of Directors (the “Board”) approved, the following compensation arrangements"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
employee benefit plans and programs financial
"Mr. Myers is also entitled to participate in the Company’s employee benefit plans and programs."
FAQ
What executive change did HF Sinclair (DINO) disclose for 2026?
HF Sinclair disclosed that Franklin Myers was appointed Acting Chief Executive Officer and President effective February 17, 2026. The role is temporary, and he continues as a Board member but will not receive separate Board compensation during his service as Acting CEO.
How is Acting CEO Franklin Myers compensated at HF Sinclair (DINO)?
Franklin Myers receives a monthly cash stipend of $9,000 for qualifying business expenses and restricted stock unit grants. The package combines cash and equity incentives while he serves as Acting CEO and President under arrangements approved by the Board of Directors.
What equity awards will Franklin Myers receive as Acting CEO of HF Sinclair?
Franklin Myers will receive a one-time grant of restricted stock units valued at about $105,000, plus additional monthly restricted stock unit grants also valued at about $105,000 each month starting in April 2026, for each month he serves as Acting CEO at HF Sinclair.
Does Franklin Myers get paid for HF Sinclair Board service while Acting CEO?
Franklin Myers will not receive compensation for his Board service during the period he serves as Acting CEO. His compensation is limited to the Acting CEO arrangements, including the $9,000 monthly stipend, restricted stock unit grants, and eligibility for employee benefit plans and programs.
How often will HF Sinclair review Franklin Myers’ Acting CEO compensation?
HF Sinclair’s Board will conduct a good-faith review of Franklin Myers’ compensation arrangements at least quarterly while he serves as Acting CEO. This periodic review allows the Board to reassess and, if needed, adjust his pay structure during the temporary leadership period.
Under what plan are Franklin Myers’ HF Sinclair RSU grants issued?
Franklin Myers’ restricted stock unit grants are issued under the HF Sinclair Corporation Amended and Restated 2020 Long Term Incentive Plan. They are documented through individual restricted stock unit award agreements, using a previously filed form of award agreement with the Securities and Exchange Commission.
AI-generated analysis. How Rhea-AI works. Not financial advice.
