HF Sinclair CEO Franklin Myers Buys $1.1 Million Of Stock Right After Earnings
Myers made his second open-market purchase since July 31, adding 10,000 shares at an average $110.80.
HF Sinclair CEO Franklin Myers bought 10,000 shares of the refiner's stock on the open market Thursday, a day after the company reported third-quarter results. He paid an average of $110.80 a share, about $1.1 million in all, an SEC filing shows.
Two buys since July 31
The purchases were made in multiple trades at prices from $110.72 to $110.80, and the shares went into his direct ownership line, bringing it to 207,723 shares. At Thursday's close of $111.89, that stake was worth about $23.2 million.
It is Myers's second open-market purchase since July 31. On August 11 he bought 15,000 shares at about $85.30, roughly $1.3 million. Together the two buys total 25,000 shares, or $2.4 million.
A refiner with seven plants
HF Sinclair is an independent energy company that makes gasoline, diesel, jet fuel and renewable diesel, plus specialty products. As of December 31, 2025, it owned seven refineries with combined capacity of 678,000 barrels per stream day, and it reports Refining, Renewables, Marketing, Lubricants & Specialties and Midstream segments.
The company reported third-quarter net income of about $2 billion, or $11.38 per diluted share, and returned $572 million to shareholders through dividends and buybacks.
A handoff on January 1
The company said Wednesday that Steve Ledbetter becomes CEO effective January 1, 2027, with Myers moving to Executive Chair. A final investment decision on the Westline Connect project is expected in the first quarter of 2027.
Myers's purchase came one day after the announcement that he will hand the CEO job to Ledbetter on January 1, 2027.
Sources
- Form 4 — Franklin Myers (DINO) — SEC EDGAR
- HF Sinclair Q3 2026 Earnings Call Transcript — benzinga.com
