Delek US EVP exercises options, covers tax with shares
Delek US Holdings EVP Israel Joseph exercised derivative awards and had shares withheld for taxes.
Rhea-AI Filing Summary
Delek US Holdings EVP Israel Joseph exercised derivative awards and had shares withheld for taxes. He acquired 71,109 shares of common stock at $38.11 per share through an option exercise, then 27,982 shares were disposed of to satisfy tax obligations, leaving him with 93,623 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Israel Joseph
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Common Stock | 71,109 | $38.11 | $2.71M |
| Exercise Price or Tax Liability | Common Stock | 27,982 | $38.11 | $1.07M |
Holdings After Transaction:
Common Stock — 93,623 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld for tax purposes upon vesting of equity awards.
FAQ
What insider transactions did Delek US (DK) EVP Israel Joseph report?
Israel Joseph reported exercising derivative awards and a related tax share disposition. He acquired 71,109 Delek US common shares via option exercise and then 27,982 shares were withheld or delivered to cover tax obligations tied to the equity awards.
How do the Form 4 transaction codes M and F apply to Delek US (DK)?
Code “M” indicates an exercise or conversion of a derivative security, used for Joseph’s 71,109-share acquisition. Code “F” indicates payment of exercise price or tax liability by delivering securities, used for the 27,982 shares withheld for tax purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.