Delek Logistics EVP has 350 units withheld for tax
Delek Logistics Partners, LP EVP Mark Wayne Hobbs reported a tax-withholding disposition of 350 Common Units on June 10, 2026.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Delek Logistics Partners, LP EVP Mark Wayne Hobbs reported a tax-withholding disposition of 350 Common Units on June 10, 2026. The units were withheld to cover taxes due upon vesting of equity awards, rather than sold in the open market. After this withholding, Hobbs directly holds 20,125 Common Units.
Insider Trade Summary
Exercise Price or Tax Liability: 350 shares
Exercise Price or Tax Liability
1 txn
Insider
Hobbs Mark Wayne
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Units | 350 | $52.49 | $18K |
Holdings After Transaction:
Common Units — 20,125 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld for tax purposes upon vesting of equity awards.
Key Figures
Tax-withheld units: 350 Common Units
Price per unit: $52.49 per unit
Holdings after transaction: 20,125 Common Units
+1 more
4 metrics
Tax-withheld units
350 Common Units
Withheld for taxes upon vesting on June 10, 2026
Price per unit
$52.49 per unit
Value used for tax-withholding disposition
Holdings after transaction
20,125 Common Units
Direct ownership following tax withholding
Tax-withholding transactions
1 transaction
Count of F-code dispositions in this Form 4
Key Terms
Common Units, equity awards, tax-withholding disposition, Form 4
4 terms
Common Units financial
"The insider transacted in Common Units of Delek Logistics Partners, LP."
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
equity awards financial
"Shares were withheld for tax purposes upon vesting of equity awards."
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
tax-withholding disposition financial
"The transaction is classified as a tax-withholding disposition under code F."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"The insider activity was reported to the SEC on Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Delek Logistics Partners (DKL) report for Mark Wayne Hobbs?
Delek Logistics Partners reported that EVP Mark Wayne Hobbs had 350 Common Units withheld on June 10, 2026. These units were retained by the company to satisfy tax obligations arising from the vesting of equity awards, instead of being sold in the open market.
Was the Delek Logistics Partners (DKL) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 350 Common Units were withheld to pay taxes due upon vesting of equity awards, as noted in the filing footnote, rather than sold to external buyers.
How many Delek Logistics Partners (DKL) Common Units does Mark Wayne Hobbs hold after this filing?
After the reported tax-withholding transaction, Mark Wayne Hobbs directly holds 20,125 Common Units. This total reflects his position following the withholding of 350 units for tax purposes tied to the vesting of equity-based compensation awards.
What does transaction code "F" mean in the Delek Logistics Partners (DKL) Form 4?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, 350 Common Units were withheld to cover taxes on vested equity awards, classifying the event as a tax-withholding disposition rather than a discretionary trade.
Does the Delek Logistics Partners (DKL) Form 4 suggest a change in insider sentiment?
The filing reflects a routine tax-withholding event, not a discretionary buy or sell decision. Because the 350 withheld Common Units settled tax obligations on vested awards, it provides limited insight into Mark Wayne Hobbs’ views on Delek Logistics Partners’ unit value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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