James H. Lee - 25 Oct 2023 Form 4 Insider Report for HOLLY ENERGY PARTNERS LP

Role: Director
Signature: Stacey L. Foland, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 25 Oct 2023
Net transactions value: $0
Form type: 4
Filing time: 27 Oct 2023, 16:48:38 UTC
Previous filing: 27 Dec 2022
Next filing: 09 Nov 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	+5,477	+21%	$0.000000	31,821	25 Oct 2023	Direct	F1
holding	HEP	Common Units						285	25 Oct 2023	By Spouse

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

Explanation of Responses:

Id	Content
F1	Phantom Units granted under the Holly Energy Partners, L.P. Long-Term Incentive Plan. The Phantom Units are subject to restrictions that will lapse on December 1, 2024, provided the reporting person has served on the board of directors of the ultimate general partner of the Issuer from the grant date until such vesting date. The vested Phantom Units will be paid within 30 days following the vesting date in the form of the Issuer's common stock equal to the number of vested Phantom Units.

Content

Phantom Units granted under the Holly Energy Partners, L.P. Long-Term Incentive Plan. The Phantom Units are subject to restrictions that will lapse on December 1, 2024, provided the reporting person has served on the board of directors of the ultimate general partner of the Issuer from the grant date until such vesting date. The vested Phantom Units will be paid within 30 days following the vesting date in the form of the Issuer's common stock equal to the number of vested Phantom Units.

Remarks:

Mr. Lee is an outside director 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.