Item 5.02           Departure of Directors or Certain Officers; Election of Directors;
                    Appointment of Certain officers; Compensatory Arrangements of Certain
                    Officers.

On July 20, 2022, Thomas G. Creery, President, Renewables of HF Sinclair Corporation (the "Corporation") and President and Chief Executive Officer of HollyFrontier Refining & Marketing LLC, notified the Board of Directors of the Corporation (the "Board") that he will retire from all officer positions and as an employee of the Corporation and its subsidiaries effective July 31, 2022. Mr. Creery's responsibilities will be assumed by Michael C. Jennings, Chief Executive Officer of the Corporation, effective July 29, 2022.

In connection with his retirement, the Compensation Committee of the Board approved a prorated bonus of $650,000 based on Mr. Creery's actual months of employment during the Corporation's current performance period (the "Prorated Performance Period") and based on Mr. Creery's performance and the estimated performance of the Corporation through the Prorated Performance Period. Mr. Creery's equity awards that remain unvested as of July 31, 2022 will vest in accordance with the retirement terms in the applicable award agreements, which provide for pro rata vesting equal to the percentage of time he was employed during the applicable vesting period with the pro rata vesting of outstanding performance share units to be calculated based on the target number of performance share units awarded. Mr. Creery's change in control agreement with the Corporation will terminate on July 31, 2022.

In addition, as a result of his expertise, his history with the Corporation, his involvement in current projects and the need to orderly transition his duties and knowledge, Mr. Creery will provide consulting services to the Corporation for a period of six months following his retirement (the "Consulting Period"). The terms of this consulting arrangement are included in a Retirement Agreement and Release entered into by and between the Corporation, HollyFrontier Refining & Marketing LLC, HollyFrontier Renewables Holding Company LLC, HollyFrontier Payroll Services, Inc. and Mr. Creery, to be effective as of August 1, 2022 (the "Agreement"). Pursuant to the Agreement, Mr. Creery will receive a retainer payment of $100,000 per calendar month to provide up to 40 hours of services per month to the Corporation and its subsidiaries as requested by the Corporation from time to time. The Agreement also includes non-disparagement and confidentiality covenants, as well as non-solicitation and non-compete covenants for the Consulting Period.

The Agreement can be terminated at any time, with or without cause, by either party upon written notice. If the Corporation terminates the retainer arrangements without "cause" (as defined in the Agreement) or if Mr. Creery terminates the Agreement due to an act of cause by the Corporation, in each case on or prior to the expiration of the Consulting Period, the Corporation shall pay Mr. Creery the unpaid retainer payment, at $100,000 per month (pro-rated for partial months), for each month until the expiration of the Consulting Period.

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