Delek Logistics (NYSE: DKL) EVP Reuven Spiegel sells 250 common units in plan trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek Logistics Partners, LP executive Reuven Spiegel sold common units under a pre-set trading plan. On March 4, 2026, he completed an open-market sale of 250 common units at a price of $53.20 per unit, reported as a direct holding.
After this sale, Spiegel directly held 22,490 common units of Delek Logistics Partners, LP. The transaction was made pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2025, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 250 shares ($13,300)
Net Sell
1 txn
Insider
Spiegel Reuven
Role
Executive Vice President, DKL
Sold
250 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Units | 250 | $53.20 | $13K |
Holdings After Transaction:
Common Units — 22,490 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Delek Logistics (DKL) report for Reuven Spiegel?
Delek Logistics reported that executive vice president and director Reuven Spiegel sold 250 common units in an open-market transaction at $53.20 per unit. The sale was reported as a direct holding and left him with 22,490 units afterward.
Was the Delek Logistics (DKL) insider sale by Reuven Spiegel under a 10b5-1 plan?
Yes. The transaction was carried out under a Rule 10b5-1 trading plan adopted on March 6, 2025. Such plans allow pre-arranged trades intended to meet the affirmative defense conditions of Rule 10b5-1(c) against insider trading allegations.
How many Delek Logistics (DKL) units did Reuven Spiegel hold after the reported sale?
After selling 250 common units, executive vice president Reuven Spiegel directly held 22,490 common units of Delek Logistics Partners, LP. This updated ownership figure reflects the position immediately following the reported open-market transaction on March 4, 2026.
What price did Delek Logistics (DKL) executive Reuven Spiegel receive per unit in the sale?
The reported sale by Reuven Spiegel was executed at a price of $53.20 per common unit. This price applies to each of the 250 units sold in the open-market transaction disclosed for Delek Logistics Partners, LP.
What type of security did Delek Logistics (DKL) insider Reuven Spiegel sell?
Reuven Spiegel sold common units of Delek Logistics Partners, LP. The Form 4 filing describes the transaction as a non-derivative, open-market sale of 250 common units at $53.20 per unit, held in his direct ownership.
What does the Rule 10b5-1 footnote mean in the Delek Logistics (DKL) Form 4?
The footnote explains that the transaction was made under a Rule 10b5-1 plan adopted on March 6, 2025. This pre-arranged plan is intended to meet Rule 10b5-1(c) affirmative defense conditions, providing a structured framework for insider trading compliance.