Delek US (NYSE: DK) EVP exercises stock and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek US Holdings executive vice president of special projects Reuven Spiegel reported paired equity award transactions in common stock. He exercised or converted derivative awards into 79,998 shares at $38.11 per share, then had 31,579 shares withheld to cover taxes, leaving 68,530 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Spiegel Reuven
Role
EVP, Special Projects
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 79,998 | $38.11 | $3.05M |
| Tax Withholding | Common Stock | 31,579 | $38.11 | $1.20M |
Holdings After Transaction:
Common Stock — 100,109 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Delek US (DK) EVP Reuven Spiegel report?
Reuven Spiegel reported exercising derivative equity awards into 79,998 shares of Delek US common stock at $38.11 per share. He also reported a related tax-withholding disposition of 31,579 shares, both dated February 27, 2026.
Was the Delek US (DK) insider disposition an open-market sale?
The disposition was not an open-market sale. It is coded “F” for tax withholding and described as payment of exercise price or tax liability by delivering securities, with a footnote stating the 31,579 shares were withheld for tax purposes.
What do the transaction codes M and F mean in this Delek US (DK) Form 4?
Code M represents the exercise or conversion of a derivative security into common stock, here involving 79,998 shares. Code F represents shares delivered or withheld, in this case 31,579 shares, to pay the exercise price or related tax liability.