Kenneth Norwood - 01 Dec 2022 Form 4 Insider Report for HOLLY ENERGY PARTNERS LP

Role: VP and Controller
Signature: Stacey L. Foland, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 01 Dec 2022
Net transactions value: -$80,285
Form type: 4
Filing time: 05 Dec 2022, 16:44:53 UTC
Previous filing: 27 Oct 2022
Next filing: 27 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HEP	Common Units	Award	$0	+5,847	+8.8%	$0.000000	72,404	01 Dec 2022	Direct	F1
transaction	HEP	Common Units	Tax liability	$35,418	-1,893	-2.6%	$18.71	70,511	01 Dec 2022	Direct	F2
transaction	HEP	Common Units	Tax liability	$44,867	-2,398	-3.4%	$18.71	68,113	01 Dec 2022	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These units were deemed issued to the reporting person to settle performance units that were not derivative securities under the Issuer's Long-Term Incentive Plan.
F2	These units were deemed surrendered to satisfy the reporting person's tax liability incident to the issuance of the units reported on the preceding line.
F3	These units were deemed surrendered to satisfy the reporting person's tax liability incident to the vesting of phantom unit grants previously reported.

Remarks:

Mr. Norwood is Vice President and Controller of Holly Logistic Services, L.L.C. Holly Logistic Services, L.L.C. is the general partner of HEP Logistics Holdings, L.P., the general partner of Issuer.