Delek US exec has 1,227 shares withheld for tax
An executive of Delek US had shares withheld to cover taxes on vested equity awards, not through an open-market sale.
Rhea-AI Filing Summary
Delek US Holdings, Inc. (DK) reported that executive Mark Wayne Hobbs, EVP of Delek Logistics, had 1,227 shares of common stock withheld on September 10, 2026 to pay tax liabilities upon vesting of equity awards. The withholding, at a reference price of $74.89 per share, left him holding 103,099 shares of Delek US common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Tax Withholding: 1,227 shares
Tax Withholding
1 txn
Insider
Hobbs Mark Wayne
Role
EVP, Delek Logistics
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 1,227 | $74.89 | $92K |
Holdings After Transaction:
Common Stock — 103,099 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld for tax purposes upon vesting of equity awards.
Key Figures
Shares withheld for taxes: 1,227 shares
Reference price per share: $74.89 per share
Shares held after transaction: 103,099 shares
3 metrics
Shares withheld for taxes
1,227 shares
Common stock withheld on September 10, 2026 for tax liability
Reference price per share
$74.89 per share
Price associated with the 1,227 withheld shares
Shares held after transaction
103,099 shares
Direct holdings of Mark Wayne Hobbs following the withholding
Key Terms
withheld for tax purposes, vesting of equity awards, payment of tax liability by delivering or withholding securities
3 terms
withheld for tax purposes financial
"Represents shares withheld for tax purposes upon vesting of equity awards"
vesting of equity awards financial
"upon vesting of equity awards"
payment of tax liability by delivering or withholding securities financial
"transaction reported as payment of tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Delek US (DK) report for Mark Wayne Hobbs?
Delek US reported that EVP Mark Wayne Hobbs had 1,227 shares of common stock withheld on September 10, 2026 to satisfy tax liabilities arising from the vesting of equity awards, rather than selling shares in the open market.
Was the Delek US (DK) Form 4 transaction an open-market sale?
No. The Form 4 shows a Code F transaction for payment of tax liability by delivering or withholding securities. Shares were withheld for tax purposes upon vesting of equity awards, not sold in the open market.
Was the Delek US (DK) insider transaction under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 plan affirmation box was not checked, so this tax-withholding event was not reported as being executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.