Delek Logistics (DKL) EVP reports 1,439-unit tax withholding on equity vesting
Filing Impact
Filing Sentiment
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 Trade Summary
1 transaction reported
Mixed
1 txn
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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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.