Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 13, 2023, the Board of Directors (the "Board") of Holly Logistics
Services, L.L.C. (the "Company"), the general partner of the general partner of
Holly Energy Partners, L.P. (the "Partnership") appointed Robert Jamieson as
Senior Vice President and Chief Operating Officer of the Company, effective
January 18, 2023. In this newly created executive role, Mr. Jamieson will
oversee the operations, project management and engineering, integrity
management, right-of-way and reliability engineering functions.
Mr. Jamieson, 58, served as Vice President, Pipeline Operations of the Company
from the time he joined the Company in March 2013 until the effective date of
his promotion to the position of Senior Vice President and Chief Operating
Officer. Prior to joining the Company, Mr. Jamieson held various roles of
increasing responsibility in engineering and plant and pipeline operations over
a 25 year period at Eagle Rock Energy Partners, L.P., Enterprise Products
Partners L.P., Williams Energy Partners LP (now known as Magellan Midstream
Partners, L.P.), and TC Energy Corporation (formerly known as TransCanada
Corporation).
Mr. Jamieson's 2023 compensation is comprised of: (i) a base salary of $343,365
effective as of January 18, 2023, (ii) an annual cash incentive compensation
target bonus of 45% of his base salary earnings (with a maximum limit of 90% of
his base salary earnings), for the 2023 performance period that commenced on
October 1, 2022 and ends on September 30, 2023, such bonus to be based on the
Partnership's performance and his individual performance, and (iii) a 2023
annual long-term incentive award recommended by the Compensation Committee of
the Board, approved by the Board and granted pursuant to the Partnership's
long-term incentive plan on October 25, 2022 with a grant date value of $315,000
comprised of one-third cash incentive, one-third phantom units and one-third
performance share units. The cash incentive and phantom unit awards vest in
three equal annual installments on the anniversary of their grant date and the
performance share unit award vests upon the attainment of pre-established
performance targets over a three-year performance period. All long-term
incentive awards are subject to Mr. Jamieson's continued employment with the
Company.
Mr. Jamieson is a party to the Partnership's previously disclosed form of Change
in Control Agreement and Indemnification Agreement, and is eligible for the same
plans, policies and programs offered and available to other executive-level
employees of the Company.
There are no arrangements or understandings between Mr. Jamieson and any other
person pursuant to which Mr. Jamieson was named Senior Vice President and Chief
Operating Officer. Mr. Jamieson does not have any family relationship with any
director or executive officer of the Company or any person nominated or chosen
by the Company to become a director or executive officer. There are no
transactions in which Mr. Jamieson has an interest requiring disclosure under
Item 404(a) of Regulation S-K.
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HOLLY ENERGY PARTNERS, L.P. 
