Tax withholding trims Delek US (NYSE: DK) EVP Spiegel share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek US Holdings EVP Reuven Spiegel reported a routine tax-withholding transaction related to equity compensation. On the vesting of equity awards, 1,937 shares of common stock were withheld to cover taxes at a value of $48.01 per share. After this non-market disposition, Spiegel directly holds 46,435 shares of Delek US common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spiegel Reuven
Role
EVP, Special Projects
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,937 | $48.01 | $93K |
Holdings After Transaction:
Common Stock — 46,435 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,937 shares
Tax withholding share value: $48.01 per share
Shares held after transaction: 46,435 shares
+1 more
4 metrics
Shares withheld for taxes
1,937 shares
Tax withholding upon vesting of equity awards
Tax withholding share value
$48.01 per share
Value used for 1,937 withheld shares
Shares held after transaction
46,435 shares
Direct ownership after tax-withholding disposition
Transaction type
Tax-withholding disposition (Code F)
Payment of tax liability by delivering securities
Key Terms
tax-withholding disposition, equity awards, Form 4, Common Stock
4 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
"Represents 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.
FAQ
What insider transaction did Delek US (DK) report for Reuven Spiegel?
Delek US reported that EVP Reuven Spiegel had 1,937 shares of common stock withheld to cover taxes upon vesting of equity awards, at a value of $48.01 per share, leaving him with 46,435 shares directly owned afterward.
Was Reuven Spiegel’s Delek US (DK) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations triggered when Spiegel’s equity awards vested, a common administrative step for stock-based compensation plans.
What does transaction code “F” mean in the Delek US (DK) Form 4?
Transaction code “F” indicates a tax-withholding disposition. In this case, Delek US withheld 1,937 shares from Reuven Spiegel when his equity awards vested, using those shares’ value to pay required tax obligations instead of executing an open-market sale.
What role does Reuven Spiegel hold at Delek US (DK)?
Reuven Spiegel serves as Executive Vice President, Special Projects at Delek US Holdings. His Form 4 filing reflects tax-related share withholding tied to his equity compensation, not a discretionary market trade in the company’s common stock.