BuybackAug 5, 2026, 06:07 AM
HF Sinclair Repurchases $212M Shares from REH
AI Summary
HF Sinclair Corporation entered into a Stock Purchase Agreement to repurchase 2,375,000 shares of its common stock from REH Advisors Inc. for approximately $212 million, funded by cash on hand. The company's Board of Directors also increased the existing share repurchase program by $15 million. To date, HF Sinclair has repurchased over $1 billion in common stock under the program, with approximately $11 million authorization remaining.
Key Highlights
- Repurchased 2,375,000 common shares from REH Advisors Inc.
- Purchase price of $89.41 per share.
- Aggregate purchase price of approximately $212 million.
- Funded with cash on hand, expected to complete around August 5, 2026.
- Share repurchase program increased by $15 million.
- Over $1 billion in common stock repurchased under the program to date.
- Approximately $11 million authorization remaining under the program.
- This is the twenty-second privately negotiated transaction between the Company and the Selling Stockholder.
Price Impact
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