Delek US (NYSE: DK) CFO gets stock awards as tax shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek US Holdings EVP and CFO Mark Wayne Hobbs reported stock-based compensation activity involving the company’s common stock. On March 9–10, he acquired multiple share awards at no cash cost to him, including grants tied to the vesting of performance-based and time-vesting restricted stock units.
The filing also shows 6,388 shares were disposed of through share withholding to cover tax obligations upon vesting, rather than through open-market sales. After these transactions, Hobbs directly holds 125,149 shares of Delek US Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Hobbs Mark Wayne
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,510 | $0.00 | -- |
| Grant/Award | Common Stock | 6,151 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,206 | $40.64 | $212K |
| Grant/Award | Common Stock | 3,003 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,182 | $40.13 | $47K |
Holdings After Transaction:
Common Stock — 124,204 shares (Direct)
Footnotes (1)
- Shares delivered upon the vesting of performance based restricted stock units. Represents shares withheld for tax purposes upon vesting of equity awards. Represents a grant of time-vesting restricted stock units that vest over three years.
FAQ
What insider transactions did Delek US (DK) CFO Mark Hobbs report?
Delek US CFO Mark Hobbs reported receiving several stock awards tied to restricted stock units. These included new common stock grants at zero cost and shares delivered upon vesting of performance-based awards, reflecting routine equity compensation for an executive officer.
What types of equity awards did Delek US (DK) grant to its CFO?
The filing describes performance-based restricted stock units that vested into shares and a grant of time-vesting restricted stock units. The time-vesting units are scheduled to vest over three years, providing ongoing equity-based compensation aligned with continued service at Delek US.