Delek US (NYSE: DK) EVP reports stock grant and tax-withholding share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek US Holdings EVP Israel Joseph reported equity compensation-related transactions in company common stock. On March 6, he received 4,301 shares as a grant or award, tied to the vesting of performance-based restricted stock units. That same day, 1,693 shares were withheld at $42.29 per share to cover tax obligations on the vesting.
On March 9, an additional 353 shares were withheld at $40.13 per share for tax purposes. After these transactions, Joseph directly held 57,878 shares of Delek US common stock. The dispositions reflect tax-withholding mechanics rather than open-market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Israel Joseph
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 353 | $40.13 | $14K |
| Grant/Award | Common Stock | 4,301 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,693 | $42.29 | $72K |
Holdings After Transaction:
Common Stock — 57,878 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.
FAQ
What insider transactions did Delek US (DK) EVP Israel Joseph report?
EVP Israel Joseph reported a stock grant and related tax-withholding dispositions in Delek US common stock. He received 4,301 shares from vesting performance-based restricted stock units and had 2,046 shares withheld across two dates to satisfy tax obligations on these equity awards.
Were Israel Joseph’s Form 4 transactions in DK open-market stock sales?
The reported dispositions were not open-market sales. They were coded as “F” transactions, meaning 2,046 shares were withheld by Delek US to cover tax liabilities related to vested equity awards, a common administrative mechanism rather than discretionary selling in the market.
What do the footnotes in Israel Joseph’s Delek US Form 4 explain?
The footnotes state that shares were delivered upon vesting of performance-based restricted stock units and that certain shares were withheld for tax purposes. This clarifies that reported dispositions represent administrative tax-withholding events rather than discretionary open-market sales of Delek US stock.