On January 13, 2023, the Board of Directors of Holly Logistics Services, L.L.C., the general partner of the general partner of Holly Energy Partners, L.P. 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.