v3.25.2
Equity-Based Compensation
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Equity-Based Compensation Equity-Based Compensation
Delek US Holdings, Inc. 2006 and 2016 and Alon USA Energy, Inc. 2005 Long-Term Incentive Plans (collectively, the "Incentive Plans")
Compensation expense related to equity-based awards granted under the Incentive Plans amounted to $6.1 million and $12.0 million for the three and six months ended June 30, 2025, respectively, and $6.4 million and $12.6 million for the three and six months ended June 30, 2024, respectively, and are included in general and administrative expenses and operating expenses in the accompanying condensed consolidated statements of income. These amounts exclude amounts related to discontinued operations of $0.1 million and $0.2 million for the three and six months ended June 30, 2024, respectively. As of June 30, 2025, there was $45.2 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements, which is expected to be recognized over a weighted-average period of 1.8 years.
We issued net shares of common stock of 415,334 and 476,484 as a result of exercised or vested equity-based awards during the three and six months ended June 30, 2025, respectively, and 402,665 and 447,039 for the three and six months ended June 30, 2024, respectively. These amounts are net of 167,910 and 193,640 shares withheld to satisfy employee tax obligations related to the exercises and vesting during the three and six months ended June 30, 2025, respectively, and 167,658 and 203,092 shares during the three and six months ended June 30, 2024, respectively.