01—Abstract
Summary
Summary of the 8-K filed August 26, 2026. Cited figures are marked; the original filing is the authoritative source.
HF Sinclair Corporation's Board of Directors authorized a new $1.5 billiona share repurchase program on August 26, 2026, effective that same day.
The new program replaces all existing share repurchase authorizations. The filing states that approximately $11 millionb remained under the prior program, which was initially authorized in May 2024. Repurchases may be made in the open market, through privately negotiated transactions, or by other means in accordance with federal securities laws.
The program also authorizes privately negotiated repurchases from REH Advisors Inc. ("REH"), subject to REH's interest and other limitations. Timing and amount will depend on market conditions and corporate, tax, regulatory and other considerations, and the Board may discontinue the program at any time.
Separately, the Board has authorized the company to repurchase shares in an amount sufficient to offset shares issued under its compensation programs. The filing is a current report under Item 8.01 (Other Events) and does not disclose other financial results in the text provided.
02—Key points
Key Highlights
- New $1.5 billion share repurchase program authorized by the Board, effective August 26, 2026
- New program replaces all existing share repurchase authorizations
- Approximately $11 million remained under the prior program, initially authorized in May 2024
- Repurchases may occur in the open market, through privately negotiated transactions, or by other permitted means
- Program authorizes privately negotiated repurchases from REH Advisors Inc., subject to REH's interest and other limitations
- Board authorized repurchases sufficient to offset shares issued under compensation programs
- Board may discontinue the program at any time
03—Questions
Frequently Asked Questions
How large is the new share repurchase program?
The Board authorized a new share repurchase program of $1.5 billion, effective August 26, 2026.
What happens to the company's previous buyback authorizations?
The new program replaces all existing share repurchase authorizations. The filing states that approximately $11 million remained under the prior program, which was initially authorized in May 2024.
How will the company repurchase shares?
Repurchases may be made in the open market or through privately negotiated transactions, or by other means in accordance with federal securities laws. The program also authorizes privately negotiated repurchases from REH Advisors Inc., subject to REH's interest and other limitations.
Is the repurchase program guaranteed to be fully executed?
No. The timing and amount of repurchases depend on market conditions and corporate, tax, regulatory and other relevant considerations, and the Board may discontinue the program at any time.
Will the program affect shares issued under employee compensation plans?
The Board has also authorized the company to repurchase shares in an amount sufficient to offset shares issued under its compensation programs.
04—Continue