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Delek Logistics (DKL) EVP reports 1,439-unit tax withholding on equity vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Delek Logistics Partners, LP executive reports routine tax withholding transaction. EVP, General Counsel & Corporate Secretary Denise Clark McWatters had 1,439 Common Units disposed on tax-withholding at an indicated price of $53.02 per unit. These units were withheld to cover taxes upon vesting of equity awards.

After this non-market transaction, she directly holds 15,827 Common Units. The filing reflects compensation-related share withholding rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider McWatters Denise Clark
Role EVP, Gen Counsel & Corp Sec
Type Security Shares Price Value
Tax Withholding Common Units 1,439 $53.02 $76K
Holdings After Transaction: Common Units — 15,827 shares (Direct)
Footnotes (1)
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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
McWatters Denise Clark

(Last) (First) (Middle)
310 SEVEN SPRINGS WAY
SUITE 500

(Street)
BRENTWOOD TN 37027

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Delek Logistics Partners, LP [ DKL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Gen Counsel & Corp Sec
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Units 03/10/2026 F(1) 1,439 D $53.02 15,827 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares withheld for tax purposes upon vesting of equity awards.
Remarks:
/s/ Misty Lavender, Attorney in Fact 03/11/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Delek Logistics Partners (DKL) report for Denise McWatters?

Delek Logistics Partners reported that executive Denise Clark McWatters had 1,439 Common Units withheld to cover tax obligations on vested equity awards, at an indicated value of $53.02 per unit. This was a compensation-related tax-withholding event, not an open-market trade.

Was the Delek Logistics Partners (DKL) insider transaction a stock sale on the open market?

No, the transaction was not an open-market sale. The 1,439 Common Units were withheld by the issuer to satisfy tax liabilities upon vesting of equity awards, a routine compensation mechanism rather than a discretionary buy or sell decision in the market.

How many Delek Logistics Partners (DKL) units does Denise McWatters hold after the reported transaction?

Following the tax-withholding disposition, Denise Clark McWatters directly holds 15,827 Common Units of Delek Logistics Partners. This figure reflects her remaining direct ownership after 1,439 units were withheld to cover taxes on vesting equity compensation.

What does transaction code "F" mean in the Delek Logistics Partners (DKL) Form 4 filing?

Transaction code “F” indicates shares were disposed of to pay an exercise price or tax liability. In this case, 1,439 Delek Logistics Partners Common Units were withheld for tax purposes when equity awards vested, rather than being sold on the open market by the executive.

What role does Denise McWatters hold at Delek Logistics Partners (DKL) in this Form 4?

In the Form 4, Denise Clark McWatters is identified as Executive Vice President, General Counsel and Corporate Secretary of Delek Logistics Partners. The reported transaction involves her compensation-related equity awards and associated tax withholding, not a discretionary investment trade.