HF Sinclair director gifts 3,772 company shares
HF Sinclair Corp director Leldon E. Echols reported a gift of 3,772 shares of Common Stock.
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Form Type
4
Rhea-AI Filing Summary
HF Sinclair Corp director Leldon E. Echols reported a gift of 3,772 shares of Common Stock. The shares were transferred as a bona fide gift, not a market sale, at a reported price of $0.0000 per share. After this gift, he directly holds 2,943 Common shares.
Separately, a family trust associated with him holds 61,543 Common shares, reported as indirect ownership. The trust lists Mr. Echols, his spouse and immediate family as beneficiaries. He disclaims beneficial ownership of the trust’s shares except to the extent of his pecuniary interest.
Insider Trade Summary
3,772 shares gifted
Gift
2 txns
Insider
ECHOLS LELDON E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,772 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,943 shares (Direct);
Common Stock — 61,543 shares (Indirect, By Trust)
Footnotes (2)
- F1. Represents a bona fide gift of shares to a family trust.
- F2. Represents shares of Common Stock held by a family trust, of which the Reporting Person and his spouse are trustees. The Reporting Person and his spouse, and members of the Reporting Person's immediate family, are beneficiaries of the trust. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or any other purpose.
Key Figures
Shares gifted: 3,772 shares
Direct holdings after gift: 2,943 shares
Indirect trust holdings: 61,543 shares
+3 more
6 metrics
Shares gifted
3,772 shares
Bona fide gift of Common Stock (code G)
Direct holdings after gift
2,943 shares
Common Stock directly held post-transaction
Indirect trust holdings
61,543 shares
Common Stock held by family trust, reported as indirect
Gift price per share
$0.0000 per share
Reported value for bona fide gift
Gift transactions
1 transaction
GiftCount in transaction summary
Total gifted shares
3,772 shares
GiftShares in transaction summary
Key Terms
bona fide gift, family trust, beneficial ownership, pecuniary interests, +1 more
5 terms
bona fide gift financial
"Represents a bona fide gift of shares to a family trust."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
family trust financial
"Represents shares of Common Stock held by a family trust, of which the Reporting Person and his spouse are trustees."
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interests financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interests therein"
Section 16 regulatory
"shall not be deemed an admission that the Reporting Person is the beneficial owner of the reported securities for purposes of Section 16 or any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HF Sinclair (DINO) director Leldon E. Echols report?
Leldon E. Echols reported a bona fide gift of 3,772 HF Sinclair Common shares. The transfer used transaction code G, indicating a gift rather than an open‑market sale, and was reported at a price of $0.0000 per share on the transaction date.
What does transaction code G mean in this HF Sinclair (DINO) Form 4 filing?
Transaction code G signifies a bona fide gift of shares, not a sale. In this case, 3,772 HF Sinclair Common shares were transferred as a gift, resulting in a reduced direct holding but with no proceeds reported from a market transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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