Delek US (NYSE: DK) CEO reports tax withholding on vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek US Holdings President & CEO Avigal Soreq reported a routine tax-related share disposition. On the vesting of equity awards, 3,810 shares of common stock were withheld to cover taxes at a value of $48.01 per share. After this withholding, Soreq directly holds 311,486 shares of Delek US common stock, indicating the event is primarily an administrative step tied to compensation rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Soreq Avigal
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,810 | $48.01 | $183K |
Holdings After Transaction:
Common Stock — 311,486 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 3,810 shares
Per-share value for withholding: $48.01 per share
Shares held after transaction: 311,486 shares
+2 more
5 metrics
Shares withheld for taxes
3,810 shares
Tax-withholding disposition upon vesting of equity awards
Per-share value for withholding
$48.01 per share
Value used for 3,810 withheld common shares
Shares held after transaction
311,486 shares
Direct holdings of Avigal Soreq following tax withholding
Transaction code
F
Payment of tax liability by delivering or withholding securities
Transaction direction
dispose
Classified as tax-withholding disposition, not open-market sale
Key Terms
tax-withholding disposition, equity awards, Form 4, Common Stock, +1 more
5 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
equity awards financial
"shares withheld for tax purposes upon vesting of equity awards"
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
transaction code F regulatory
"transaction_code: "F""
FAQ
What insider transaction did Delek US (DK) CEO Avigal Soreq report?
Avigal Soreq reported a tax-withholding disposition of shares. 3,810 common shares were withheld to cover taxes upon vesting of equity awards, a standard administrative process rather than an open-market purchase or sale, according to the Form 4 disclosure.
Is the Delek US (DK) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 identifies the transaction as a tax-withholding disposition under code F. Shares were withheld to pay taxes on vested equity awards, rather than being sold in the open market, which limits its signaling value for investors.
What does transaction code F mean in the Delek US (DK) Form 4?
Transaction code F denotes payment of an exercise price or tax liability by delivering or withholding securities. In this case, Delek US withheld 3,810 shares of common stock upon vesting of equity awards to satisfy the CEO’s tax obligation.