Delek Logistics (NYSE: DKL) CFO reports equity awards and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek Logistics Partners EVP and CFO Robert G. Wright reported equity compensation and related tax withholding in common units. He received a grant of 2,357 time-vesting restricted stock units that vest over three years and 1,922 common units delivered upon vesting of performance-based restricted stock units. To cover taxes on the vesting, 831 common units were withheld at a price of $53.02 per unit. After these transactions, he directly owns 6,568 common units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Wright Robert G.
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 2,357 | $0.00 | -- |
| Grant/Award | Common Units | 1,922 | $0.00 | -- |
| Tax Withholding | Common Units | 831 | $53.02 | $44K |
Holdings After Transaction:
Common Units — 5,477 shares (Direct)
Footnotes (1)
- Represents a grant of time-vesting restricted stock units that vest over three years. Shares delivered upon the vesting of performance based restricted stock units. Represents shares withheld for tax purposes upon vesting of equity awards.
FAQ
What did DKL executive Robert G. Wright report in this Form 4?
Robert G. Wright reported routine equity compensation and tax withholding in Delek Logistics Partners common units. He received new restricted stock units and shares from vesting awards, and some units were withheld to satisfy tax obligations associated with these equity awards.
How many Delek Logistics Partners (DKL) units were granted to the CFO?
The CFO received a grant of 2,357 time-vesting restricted stock units. These units vest over three years, meaning they will become fully owned gradually, subject to continued service and any applicable award conditions set under the company’s equity compensation program.
What performance-based equity did DKL’s CFO acquire in this filing?
He acquired 1,922 common units delivered upon the vesting of performance-based restricted stock units. This indicates that certain performance conditions tied to those awards were satisfied, leading to issuance of common units as part of his long-term incentive compensation.
Why were 831 DKL common units disposed of in this Form 4?
The 831 common units were withheld to cover tax liabilities arising from the vesting of equity awards. This is classified as a tax-withholding disposition and is not an open-market sale, but an administrative step to satisfy required tax obligations on the vested shares.
How many Delek Logistics Partners units does the CFO own after these transactions?
Following the reported equity grant, vesting, and tax withholding, the CFO directly owns 6,568 common units of Delek Logistics Partners. This figure reflects his updated direct equity position after all the Form 4 transactions were completed and recorded.
Are the DKL Form 4 transactions open-market buys or sells by the CFO?
No open-market buys or sells are reported. The acquisitions are equity grants and vesting of restricted stock units, while the only disposition reflects shares withheld for taxes. These are routine compensation-related entries, not discretionary trading in the open market.