Delek US (NYSE: DK) EVP receives stock awards as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek US Holdings EVP and General Counsel Denise Clark McWatters reported routine equity compensation activity in company stock. On March 9 and 10, she received grants totaling 13,513 shares of common stock at no cost upon vesting of performance-based restricted stock units. In connection with these vestings, 11,606 shares were automatically withheld to cover tax obligations at prices of $40.13 and $40.64 per share, rather than sold on the open market. After these transactions, she directly holds 86,184 shares of Delek US Holdings common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
McWatters Denise Clark
Role
EVP, Gen Counsel & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,510 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,883 | $40.64 | $402K |
| Grant/Award | Common Stock | 3,003 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,723 | $40.13 | $69K |
Holdings After Transaction:
Common Stock — 96,067 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 DK executive Denise McWatters report on this Form 4?
Denise McWatters reported equity awards and related tax withholding. She received 13,513 Delek US Holdings common shares from vesting of performance-based restricted stock units, and 11,606 shares were withheld to satisfy tax liabilities tied to those equity awards.
Were Denise McWatters’ DK transactions open-market buys or sells?
No, the Form 4 shows compensation-related grants and tax withholding. Shares were delivered upon vesting of performance-based restricted stock units, and additional shares were withheld by the issuer to pay tax liabilities, not sold in open-market trades.
What prices were used for tax withholding on Denise McWatters’ DK equity awards?
Tax withholding used share prices of $40.13 and $40.64. The Form 4 reports 1,723 shares withheld at $40.13 per share and 9,883 shares withheld at $40.64 per share to satisfy tax obligations on vested equity awards.