Delek CFO has 823 shares withheld for taxes
Delek US Holdings EVP and CFO Mark Wayne Hobbs reported a routine tax-withholding share disposition.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Delek US Holdings EVP and CFO Mark Wayne Hobbs reported a routine tax-withholding share disposition. On the vesting of equity awards, 823 shares of common stock were withheld at a reference price of $48.01 per share to cover tax obligations, as noted in the footnote.
After this non-market transaction, Hobbs directly owned 124,326 shares of Delek US Holdings common stock. This type of Form 4 event reflects standard equity-compensation administration rather than an open-market purchase or sale.
Insights
Routine tax withholding on vested equity; no open-market trading signal.
The filing shows 823 shares of Delek US Holdings common stock withheld at $48.01 per share for taxes when equity awards vested. This is coded as an F transaction, meaning payment of tax liability by delivering securities rather than a discretionary market trade.
Following the transaction, EVP and CFO Mark Wayne Hobbs directly held 124,326 shares, so the withheld amount is small relative to his position. Because the shares were withheld for tax purposes on vesting, this event typically carries limited information about his view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 823 | $48.01 | $40K |
Footnotes (1)
- F1. Represents shares withheld for tax purposes upon vesting of equity awards.
Key Figures
Key Terms
tax-withholding disposition financial
equity awards financial
Form 4 regulatory
Common Stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Delek US Holdings (DK) report for its CFO?
Does the Delek US Holdings Form 4 reflect an open-market sale by the CFO?
What does an F-code transaction mean for Delek US Holdings insiders?
AI-generated analysis. How Rhea-AI works. Not financial advice.