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HollyFrontier Corp. – ‘10-K’ for 12/31/21 – ‘EX-10.56’

On:  Wednesday, 2/23/22, at 4:48pm ET   ·   For:  12/31/21   ·   Accession #:  48039-22-14   ·   File #:  1-03876

Previous ‘10-K’:  ‘10-K’ on 2/24/21 for 12/31/20   ·   Next:  ‘10-K/A’ on 4/28/22 for 12/31/21   ·   Latest:  ‘10-K/A’ on 4/28/22 for 12/31/21   ·   53 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/23/22  HollyFrontier Corp.               10-K       12/31/21  129:20M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.19M 
 2: EX-4.5      Instrument Defining the Rights of Security Holders  HTML     44K 
 3: EX-10.12    Material Contract                                   HTML    730K 
 4: EX-10.47    Material Contract                                   HTML     91K 
 5: EX-10.48    Material Contract                                   HTML     57K 
 6: EX-10.49    Material Contract                                   HTML     39K 
 7: EX-10.55    Material Contract                                   HTML     79K 
 8: EX-10.56    Material Contract                                   HTML     41K 
 9: EX-21.1     Subsidiaries List                                   HTML     50K 
10: EX-23.1     Consent of Expert or Counsel                        HTML     33K 
11: EX-31.1     Certification -- §302 - SOA'02                      HTML     37K 
12: EX-31.2     Certification -- §302 - SOA'02                      HTML     37K 
13: EX-32.1     Certification -- §906 - SOA'02                      HTML     34K 
14: EX-32.2     Certification -- §906 - SOA'02                      HTML     34K 
20: R1          Cover Page                                          HTML     96K 
21: R2          Audit Information                                   HTML     38K 
22: R3          Consolidated Balance Sheets                         HTML    166K 
23: R4          Consolidated Balance Sheets (Parenthetical)         HTML     91K 
24: R5          Consolidated Statements Of Operations               HTML    153K 
25: R6          Consolidated Statements Of Comprehensive Income     HTML    106K 
26: R7          Consolidated Statements Of Cash Flows               HTML    166K 
27: R8          Consolidated Statements Of Equity                   HTML     98K 
28: R9          Consolidated Statements Of Equity (Parenthetical)   HTML     34K 
29: R10         Description of Business and Summary of Significant  HTML     76K 
                Accounting Policies                                              
30: R11         Acquisitions                                        HTML     73K 
31: R12         Leases                                              HTML    241K 
32: R13         Holly Energy Partners                               HTML     41K 
33: R14         Revenues                                            HTML     98K 
34: R15         Fair Value Measurements                             HTML     89K 
35: R16         Earnings Per Share                                  HTML     55K 
36: R17         Stock-Based Compensation                            HTML     68K 
37: R18         Inventories                                         HTML     49K 
38: R19         Properties, Plants and Equipment                    HTML     48K 
39: R20         Goodwill, Long-lived Asset and Intangibles          HTML     72K 
40: R21         Environmental                                       HTML     35K 
41: R22         Debt                                                HTML     77K 
42: R23         Derivative Instruments and Hedging Activities       HTML    158K 
43: R24         Income Taxes                                        HTML    136K 
44: R25         Stockholders' Equity                                HTML     52K 
45: R26         Other Comprehensive Income (Loss)                   HTML    106K 
46: R27         Pension and Post-retirement Plans                   HTML    167K 
47: R28         Contingencies And Contractual Commitments           HTML     49K 
48: R29         Segment Information                                 HTML    189K 
49: R30         Description of Business and Summary of Significant  HTML    136K 
                Accounting Policies (Policies)                                   
50: R31         Acquisitions (Tables)                               HTML     57K 
51: R32         Leases (Tables)                                     HTML    142K 
52: R33         Revenues (Tables)                                   HTML     97K 
53: R34         Fair Value Measurements (Tables)                    HTML     82K 
54: R35         Earnings Per Share (Tables)                         HTML     54K 
55: R36         Stock-Based Compensation (Tables)                   HTML     67K 
56: R37         Inventories (Tables)                                HTML     47K 
57: R38         Properties, Plants and Equipment (Tables)           HTML     46K 
58: R39         Goodwill, Long-lived Asset and Intangibles          HTML     67K 
                (Tables)                                                         
59: R40         Debt (Tables)                                       HTML     68K 
60: R41         Derivative Instruments and Hedging Activities       HTML    161K 
                (Tables)                                                         
61: R42         Income Taxes (Tables)                               HTML    136K 
62: R43         Stockholders' Equity (Tables)                       HTML     47K 
63: R44         Other Comprehensive Income (Loss) (Tables)          HTML    110K 
64: R45         Pension and Post-retirement Plans (Tables)          HTML    182K 
65: R46         Contingencies And Contractual Commitments (Tables)  HTML     40K 
66: R47         Segment Information (Tables)                        HTML    181K 
67: R48         Description of Business and Summary of Significant  HTML    125K 
                Accounting Policies (Details)                                    
68: R49         Acquisitions - Narrative (Details)                  HTML    134K 
69: R50         Acquisitions - Schedule of Assets and Liabilities   HTML     64K 
                Acquired (Details)                                               
70: R51         Acquisitions - Schedule of Pro Forma Results        HTML     43K 
                (Details)                                                        
71: R52         Leases - Narrative (Details)                        HTML     43K 
72: R53         Leases - Supplemental Balance Sheet Schedule        HTML     76K 
                (Details)                                                        
73: R54         Leases - Components of Lease Expense Schedule       HTML     46K 
                (Details)                                                        
74: R55         Leases - Supplemental Cash Flow Information         HTML     44K 
                (Details)                                                        
75: R56         Leases - Schedule of Operating and Finance Lease    HTML     82K 
                Maturities (Details)                                             
76: R57         Leases - Schedule of Lease Income (Details)         HTML     42K 
77: R58         Leases - Schedule of Minimum Undiscounted Lease     HTML     74K 
                Payments (Details)                                               
78: R59         Leases - Schedule of Net Investments (Details)      HTML     38K 
79: R60         Holly Energy Partners (Details)                     HTML     69K 
80: R61         Revenues - Schedule of Disaggregated Revenues       HTML     75K 
                (Details)                                                        
81: R62         Revenues - Schedule of Contract Liabilities         HTML     43K 
                (Details)                                                        
82: R63         Revenues - Schedule of Performance Obligations      HTML     74K 
                (Details)                                                        
83: R64         Fair Value Measurements (Details)                   HTML     74K 
84: R65         Earnings Per Share - Schedule Of Earnings Per       HTML     74K 
                Share (Details)                                                  
85: R66         Stock-Based Compensation - Narrative (Details)      HTML     81K 
86: R67         Stock-Based Compensation - Schedule of Stock-Based  HTML     42K 
                Compensation Expense (Details)                                   
87: R68         Stock-Based Compensation - Summary Of Restricted    HTML     66K 
                Stock Unit and Performance Share Units Activity                  
                (Details)                                                        
88: R69         Inventories - Schedule of Inventories (Details)     HTML     47K 
89: R70         Inventories - Narrative (Details)                   HTML     41K 
90: R71         Properties, Plants and Equipment - Components Of    HTML     55K 
                Property, Plants And Equipment (Details)                         
91: R72         Properties, Plants and Equipment - Narrative        HTML     37K 
                (Details)                                                        
92: R73         Goodwill, Long-lived Asset and Intangibles -        HTML     66K 
                Narrative (Details)                                              
93: R74         Goodwill, Long-lived Asset and Intangibles -        HTML     53K 
                Schedule Goodwill by Segment (Details)                           
94: R75         Goodwill, Long-lived Asset and Intangibles -        HTML     54K 
                Schedule of Intangible Assets (Details)                          
95: R76         Environmental (Details)                             HTML     41K 
96: R77         Debt - Narrative (Details)                          HTML    110K 
97: R78         Debt - Carrying Amounts Of Long-Term Debt           HTML     71K 
                (Details)                                                        
98: R79         Debt - Principal Maturities Of Long-Term Debt       HTML     53K 
                (Details)                                                        
99: R80         Derivative Instruments and Hedging Activities-      HTML     47K 
                Location of Gain Loss in Income Statement                        
                (Details)                                                        
100: R81         Derivative Instruments and Hedging Activities -     HTML     44K  
                Pre-tax effect on Income Due to Maturities and                   
                Fair Value Adjustments of Economic Hedges                        
                (Details)                                                        
101: R82         Derivative Instruments and Hedging Activities -     HTML     48K  
                Notional Contracts by Derivative Type (Details)                  
102: R83         Derivative Instruments and Hedging Activities -     HTML     79K  
                Summary Of Balance Sheet Locations And Related                   
                Fair Values Of Outstanding Derivative Instruments                
                (Details)                                                        
103: R84         Derivative Instruments and Hedging Activities -     HTML     39K  
                Narrative (Details)                                              
104: R85         Income Taxes - Provision For Income Taxes           HTML     52K  
                (Details)                                                        
105: R86         Income Taxes - Reconciliation Of Effective Tax      HTML     58K  
                Rate (Details)                                                   
106: R87         Income Taxes - Deferred Tax Assets And Liabilities  HTML     66K  
                (Details)                                                        
107: R88         Income Taxes - Narrative (Details)                  HTML     51K  
108: R89         Income Taxes - Reconciliation Of Unrecognized Tax   HTML     44K  
                Benefits (Details)                                               
109: R90         Stockholders' Equity - Changes To Equity (Details)  HTML     47K  
110: R91         Stockholders' Equity - Narrative (Details)          HTML     36K  
111: R92         Other Comprehensive Income (Loss) - Components And  HTML     57K  
                Allocated Tax Effects Of Other Comprehensive                     
                Income (Loss) (Details)                                          
112: R93         Other Comprehensive Income (Loss) - Other           HTML     89K  
                Comprehensive Income (Loss) Amounts Reclassified                 
                to Income Statement (Details)                                    
113: R94         Other Comprehensive Income (Loss) - Accumulated     HTML     57K  
                Other Comprehensive Loss In Equity (Details)                     
114: R95         Pension and Post-retirement Plans - Changes in      HTML    105K  
                Benefit Obligation and Plan Assets (Details)                     
115: R96         Pension and Post-retirement Plans - Narrative       HTML     88K  
                (Details)                                                        
116: R97         Pension and Post-retirement Plans - Projected and   HTML     44K  
                Accumulated Benefit Obligations (Details)                        
117: R98         Pension and Post-retirement Plans - Net Periodic    HTML     54K  
                Expense (Details)                                                
118: R99         Pension and Post-retirement Plans - Defined         HTML     59K  
                Benefit plan, Allocation of Investment Funds                     
                (Details)                                                        
119: R100        Pension and Post-retirement Plans - Weighted        HTML     48K  
                Average Assumptions Used to Determine End of                     
                Period Benefit Obligations (Details)                             
120: R101        Pension and Post-retirement Plans - Net Periodic    HTML     50K  
                Credit (Details)                                                 
121: R102        Contingencies And Contractual Commitments -         HTML     39K  
                Narrative (Details)                                              
122: R103        Contingencies And Contractual Commitments -         HTML     45K  
                Schedule of Minimum Future Fees Under Agreement                  
                (Details)                                                        
123: R104        Segment Information - Narrative (Details)           HTML     40K  
124: R105        Segment Information - Schedule Of Segment           HTML    137K  
                Reporting Information (Details)                                  
127: XML         IDEA XML File -- Filing Summary                      XML    228K  
125: XML         XBRL Instance -- hfc-20211231_htm                    XML   4.93M  
126: EXCEL       IDEA Workbook of Financial Reports                  XLSX    182K  
16: EX-101.CAL  XBRL Calculations -- hfc-20211231_cal                XML    382K 
17: EX-101.DEF  XBRL Definitions -- hfc-20211231_def                 XML   1.29M 
18: EX-101.LAB  XBRL Labels -- hfc-20211231_lab                      XML   2.80M 
19: EX-101.PRE  XBRL Presentations -- hfc-20211231_pre               XML   1.81M 
15: EX-101.SCH  XBRL Schema -- hfc-20211231                          XSD    254K 
128: JSON        XBRL Instance as JSON Data -- MetaLinks              683±  1.00M  
129: ZIP         XBRL Zipped Folder -- 0000048039-22-000014-xbrl      Zip    827K  


‘EX-10.56’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <!   C:   C: 
  Document  
Exhibit 10.56
HOLLYFRONTIER CORPORATION
2020 LONG TERM INCENTIVE PLAN
NOTICE OF GRANT OF RESTRICTED STOCK UNITS
(U.S.)
Pursuant to the terms and conditions of the HollyFrontier Corporation 2020 Long Term Incentive Plan (the “Plan”), and the associated Restricted Stock Unit Agreement (U.S.) which has been made separately available to you (the “Agreement”), you are hereby granted an award to receive the number of Restricted Stock Units (“RSUs”) set forth below, whereby each RSU represents the right to receive one Share (as provided in Section 8 of the Agreement), plus rights to certain dividend equivalents described in Section 3 of the Agreement, under the terms and conditions set forth below, in the Agreement, and in the Plan. Capitalized terms used but not defined herein shall have the meanings set forth in the Plan or the Agreement. You may obtain a copy of the Plan and a copy of the prospectus related to the Shares by following the instructions attached as Appendix A. Additionally, you may request a copy of the Plan or the prospectus by contacting Cara Whitesel at Cara.Whitesel@hollyfrontier.com or 214.954.6530.
Grantee:______________________
Date of Grant:
__________ __, 2021 (“Date of Grant”)
Number of Restricted Stock Units:
______________________
Vesting Schedule:
The restrictions on all of the RSUs granted pursuant to the Agreement will expire and the RSUs will vest according to the following schedule (or on the first business day thereafter if the date below falls on a weekend) (each such date, a “Regular Vesting Date”); provided, that (except as otherwise provided in Section 6 of your Agreement) you remain in the employ of the Company or its subsidiaries continuously from the Date of Grant through such Regular Vesting Dates (as determined under the Agreement).

On Each of the Following Regular Vesting DatesCumulative Portion of RSUs that will become Vested
December 1, 2022One-third
December 1, 2023One-third
December 1, 2024One-third

Except as otherwise provided in Section 6 of your Agreement, all RSUs that have not become vested and non-forfeitable pursuant to this Notice will be null and void and forfeited to the Company in the event of your termination by the Company or its subsidiaries for any reason or upon your breach of the covenants set forth in Section 22 of the Agreement.
The Shares you receive upon settlement will be taxable to you in an amount equal to the closing price of the Shares on the date of settlement. By receipt or acceptance of the RSUs you
1


Exhibit 10.56
acknowledge and agree that (a) you are not relying on any written or oral statement or representation by the Company, its affiliates, or any of their respective employees, directors, officers, attorneys or agents (collectively, the “Company Parties”) regarding the tax effects associated with this Notice of Grant of Restricted Stock Units and the Agreement and your receipt, holding and vesting of the RSUs, (b) in accepting the RSUs you are relying on your own judgment and the judgment of the professionals of your choice with whom you have consulted, (c) a copy of the Agreement and the Plan has been made available to you and (d) you agree to comply with the terms and conditions of the Plan and the Agreement (including, but not limited to, the covenants set forth in Section 22 of the Agreement). In addition, you consent to receive documents from the Company and any plan administrator by means of electronic delivery, provided that such delivery complies with applicable law, including, without limitation, documents pursuant or relating to any equity award granted to you under the Plan or any other current or future equity or other benefit plan of the Company (the “Company’s Equity Plans”). This consent shall be effective for the entire time that you are a participant in a Company Equity Plan. By receiving or accepting the RSUs you hereby release, acquit and forever discharge the Company Parties from all actions, causes of actions, suits, debts, obligations, liabilities, claims, damages, losses, costs and expenses of any nature whatsoever, known or unknown, on account of, arising out of, or in any way related to the tax effects associated with this Notice of Grant of Restricted Stock Unit and the Agreement and your receipt, holding and the vesting and settlement of the RSUs.

HollyFrontier Corporation


________________________________________________    
Michael C. Jennings, Chief Executive Officer
2



Appendix A

A-1


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
12/1/24
12/1/23
12/1/22
Filed on:2/23/228-K
For Period end:12/31/2110-K/A
 List all Filings 


7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/21/24  HF Sinclair Corp.                 10-K       12/31/23  133:18M
 2/28/23  HF Sinclair Corp.                 10-K       12/31/22  131:21M
 9/21/22  HF Sinclair Corp.                 424B3                  1:415K                                   Donnelley … Solutions/FA
 9/12/22  HF Sinclair Corp.                 S-4                    8:703K                                   Donnelley … Solutions/FA
 4/07/22  HF Sinclair Corp.                 S-3ASR      4/07/22    7:753K                                   Donnelley … Solutions/FA
 3/21/22  HF Sinclair Corp.                 S-3ASR      3/21/22    5:259K                                   Donnelley … Solutions/FA
 3/21/22  HF Sinclair Corp.                 S-8         3/21/22    7:235K                                   Donnelley … Solutions/FA


46 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/03/21  HollyFrontier Corp.               10-Q        9/30/21   79:12M
 8/06/21  HollyFrontier Corp.               10-Q        6/30/21   79:12M
 8/03/21  HollyFrontier Corp.               8-K:1,3,7,9 8/02/21   15:8.1M                                   Donnelley … Solutions/FA
 5/05/21  HollyFrontier Corp.               10-Q        3/31/21   76:9.4M
 5/04/21  HollyFrontier Corp.               8-K:1,7,9   5/04/21   13:4.3M                                   Donnelley … Solutions/FA
 5/03/21  HollyFrontier Corp.               8-K:1,2,9   4/30/21   11:1.1M                                   Donnelley … Solutions/FA
 2/24/21  HollyFrontier Corp.               10-K       12/31/20  127:18M
 2/11/21  HollyFrontier Corp.               8-K:1,9     2/08/21   18:5.1M                                   Donnelley … Solutions/FA
 9/28/20  HollyFrontier Corp.               8-K:1,8,9   9/28/20   13:749K                                   Donnelley … Solutions/FA
 8/06/20  HollyFrontier Corp.               10-Q        6/30/20   85:14M
 6/01/20  HollyFrontier Corp.               S-8         6/01/20    4:132K
 5/15/20  HollyFrontier Corp.               8-K:5,9     5/13/20   13:403K
 5/07/20  HollyFrontier Corp.               10-Q        3/31/20   82:10M
 2/20/20  HollyFrontier Corp.               10-K       12/31/19  127:20M
 2/04/20  Holly Energy Partners LP          8-K:1,2,9   2/04/20   11:966K                                   Donnelley … Solutions/FA
 8/01/19  HollyFrontier Corp.               10-Q        6/30/19   93:14M
 5/02/19  HollyFrontier Corp.               10-Q        3/31/19   92:10M
 2/20/19  HollyFrontier Corp.               10-K       12/31/18  118:18M
11/13/18  HollyFrontier Corp.               8-K:1,7,9  11/12/18    4:5.2M                                   Donnelley … Solutions/FA
11/01/18  HollyFrontier Corp.               8-K:1,9    10/29/18    8:2.1M                                   Donnelley … Solutions/FA
 5/04/17  HollyFrontier Corp.               10-Q        3/31/17   87:13M
 2/22/17  HollyFrontier Corp.               10-K       12/31/16  124:24M
 2/21/17  HollyFrontier Corp.               8-K:1,2,9   2/16/17    2:1.3M
10/31/16  HollyFrontier Corp.               8-K:1,7,9  10/29/16    4:7.7M                                   Donnelley … Solutions/FA
10/05/16  HollyFrontier Corp.               8-K:1,9    10/03/16    6:1.7M                                   Donnelley … Solutions/FA
 8/11/16  HollyFrontier Corp.               8-K:1,9     8/08/16    6:1.8M                                   Donnelley … Solutions/FA
 5/16/16  HollyFrontier Corp.               8-K:5,9     5/11/16    2:78K
 3/22/16  HollyFrontier Corp.               8-K:1,8,9   3/22/16    5:745K
 2/24/16  HollyFrontier Corp.               10-K       12/31/15  118:20M
11/03/15  HollyFrontier Corp.               8-K:1,9    11/02/15    7:1.8M                                   Donnelley … Solutions/FA
10/21/15  HollyFrontier Corp.               8-K:1,9    10/16/15    7:1.6M                                   Donnelley … Solutions/FA
 5/15/15  HollyFrontier Corp.               8-K:5,9     5/13/15    3:105K
 3/16/15  HollyFrontier Corp.               8-K:1,9     3/12/15    4:988K
 7/08/14  HollyFrontier Corp.               8-K:1,2,9   7/01/14    3:1.2M
 2/28/13  HollyFrontier Corp.               10-K       12/31/12  128:32M
11/09/12  HollyFrontier Corp.               S-8        11/09/12   10:410K
 8/09/12  HollyFrontier Corp.               10-Q        6/30/12   96:25M
 7/08/11  HollyFrontier Corp.               8-K:1,2,3,5 7/01/11    9:2.6M                                   Donnelley … Solutions/FA
 5/18/11  HollyFrontier Corp.               8-K:5,9     5/12/11    2:38K                                    Donnelley … Solutions/FA
 2/25/11  HollyFrontier Corp.               10-K       12/31/10   57:6.5M                                   Donnelley … Solutions/FA
12/07/09  HollyFrontier Corp.               8-K:1,2,9  12/01/09    5:417K                                   Donnelley … Solutions/FA
10/21/09  HollyFrontier Corp.               8-K:1,3,9  10/19/09    3:901K                                   Donnelley … Solutions/FA
 8/06/09  Holly Energy Partners LP          8-K:1,9     8/01/09    5:7.5M                                   Donnelley … Solutions/FA
 6/05/09  Holly Energy Partners LP          8-K:1,7,9   6/01/09    6:634K                                   Donnelley … Solutions/FA
 4/16/09  HollyFrontier Corp.               8-K:1,9     4/15/09    2:443K                                   RR Donnelley
 2/27/09  HollyFrontier Corp.               10-K       12/31/08   14:1.2M                                   RR Donnelley
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