01—Abstract
Summary
Summary of the 8-K filed March 6, 2026. Cited figures are marked; the original filing is the authoritative source.
HF Sinclair Corporation disclosed in an 8-K filed March 6, 2026 that Vivek Garg, currently its Vice President, Chief Accounting Officer and Controller, was appointed acting Chief Financial Officer on February 24, 2026, as previously announced in its Form 10-K filed February 27, 2026.
Mr. Garg will continue to hold his current positions while serving as Acting CFO. The filing states there are no arrangements or understandings under which he was elected to serve as principal financial officer on a temporary basis, and no family relationships or Item 404(a) related-person transactions requiring disclosure. The Compensation Committee of the Board approved additional compensation for his service as Acting CFO: a monthly cash stipend of $25,000a commencing March 1, 2026, prorated for partial months, and a one-time restricted stock unit grant with a grant date value of $375,000.
Fifty percent of the RSUs vest on December 1, 2026 and fifty percent on December 1, 2027, subject to continued employment, with pro-rata vesting upon death or disability. The RSU grant is governed by the Amended and Restated 2020 Long Term Incentive Plan and an individual award agreement. Mr. Garg keeps his existing Change in Control Agreement, Indemnification Agreement, benefit plan eligibility, and participation in the annual bonus program on unchanged terms, including the same target amount and performance measures.
02—Key points
Key Highlights
- Vivek Garg, VP, Chief Accounting Officer and Controller, was appointed acting Chief Financial Officer effective February 24, 2026.
- Mr. Garg retains his current titles and responsibilities while serving as Acting CFO.
- Additional Acting CFO cash stipend of $25,000 per month, beginning March 1, 2026, prorated for partial months.
- One-time RSU grant with a grant date value of $375,000, vesting 50% on December 1, 2026 and 50% on December 1, 2027, subject to continued employment.
- Annual bonus target and performance measures remain unchanged from his pre-appointment terms.
- The filing states no arrangements or understandings exist under which Mr. Garg was elected on a temporary basis, and no related-person transactions require disclosure.
03—Questions
Frequently Asked Questions
Who is serving as HF Sinclair's acting CFO?
Vivek Garg, age 52, who was appointed acting Chief Financial Officer on February 24, 2026. He continues as Vice President, Chief Accounting Officer and Controller.
What additional compensation will the acting CFO receive?
A monthly cash stipend of $25,000 beginning March 1, 2026, prorated for partial months, plus a one-time RSU grant with a grant date value of $375,000 that vests 50% on December 1, 2026 and 50% on December 1, 2027, subject to continued employment.
Does the appointment change Mr. Garg's existing bonus or benefits?
No. He continues in the annual bonus program on the same terms, including the same target amount and performance measures, and remains eligible for the company's health, welfare, retirement and nonqualified deferred compensation plans.
Was Mr. Garg's background previously disclosed?
Yes. The company states that his biographical information required by Item 401(e) of Regulation S-K was previously disclosed in its Form 10-K filed February 27, 2026.
04—Continue