Summary Observations Regarding CVR's Campaign
Delek's Compensation Is Aligned with Our Strategic Priorities
Incentives Aligned with Business Goals
Annual Incentive Compensation
Profitability
Operational
Performance
Environmental
and
Safety Metrics
✓ 60% based on adjusted EPS and
relative ROIC metrics
20% for relative performance in
refinery operational availability
and utilization
✓ 10% based on safety metrics
5% attributed to Tier 1 and 2 events
✓ 5% attributed to environmental
metrics (spills & releases, flaring
hours and water exceedances)
Long-Term Incentive Compensation
Shareholder ✓ Performance-based RSUs based on
Value
Creation
relative TSR
✓
Time-vested RSUS with three-year
performance period
Most Compensation is
Variable and Long-Term
2020 Target CEO Compensation
Performance
Stock Units
35.5%
More than
85% of
compensation
I
is variable
Base
12.1%
Bonus
16.9%
Restricted
Stock Units
35.5%
Consistently High Say-on-Pay Support
from Shareholders
98%
96%
99%
2020
2019
2018
Delek
US
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