Kenneth Norwood - Feb 9, 2022 Form 4 Insider Report for HOLLY ENERGY PARTNERS LP (HEP)

Role: VP and Controller
Signature: Stacey Foland, Attorney-in-Fact
Stock symbol: HEP
Transactions as of: Feb 9, 2022
Transactions value $: -$21,968
Form type: 4
Date filed: 2/10/2022, 06:47 PM
Previous filing: Dec 3, 2021
Next filing: Oct 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HEP	Common Units	Award	$0	+3.11K	+5.22%	$0.00	62.6K	Feb 9, 2022	Direct	F1
transaction	HEP	Common Units	Tax liability	-$22K	-1.17K	-1.87%	$18.76	61.5K	Feb 9, 2022	Direct	F2

* 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.

Remarks:

Mr. Norwood is the 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.