Delek Logistics (NYSE: DKL) awards units to president with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek Logistics Partners, LP president Avigal Soreq received an equity grant of 21,218 common units as time-vesting restricted stock units that vest over three years. On the same date, 2,201 common units were withheld at $53.02 per unit to cover tax obligations upon vesting of equity awards, leaving him with 83,928 common units held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Soreq Avigal
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 21,218 | $0.00 | -- |
| Tax Withholding | Common Units | 2,201 | $53.02 | $117K |
Holdings After Transaction:
Common Units — 86,129 shares (Direct)
Footnotes (1)
- Represents a grant of time-vesting restricted stock units that vest over three years. Represents shares withheld for tax purposes upon vesting of equity awards.
FAQ
What equity award did Delek Logistics (DKL) president Avigal Soreq receive?
Avigal Soreq received a grant of 21,218 common units as time-vesting restricted stock units. These units vest over three years, providing ongoing equity-based compensation tied to Delek Logistics Partners, LP’s performance and his continued service.
Why were 2,201 Delek Logistics (DKL) common units disposed of in this Form 4?
The 2,201 common units were withheld to satisfy tax obligations upon vesting of equity awards. This tax-withholding disposition, coded “F,” is not an open-market sale but a standard mechanism for covering required taxes on equity compensation.
What is Avigal Soreq’s direct Delek Logistics (DKL) unit ownership after these transactions?
Following the March 10, 2026 transactions, Avigal Soreq directly holds 83,928 common units of Delek Logistics Partners, LP. This figure reflects the net position after receiving the 21,218-unit grant and having 2,201 units withheld for tax purposes.
Are the transactions in this Delek Logistics (DKL) Form 4 open-market trades?
No, the transactions reflect equity compensation and related tax withholding. The grant of 21,218 units is a restricted stock unit award, while the 2,201 units coded “F” were withheld for taxes, not bought or sold on the open market.
How long do the Delek Logistics (DKL) restricted stock units take to vest?
The 21,218 restricted stock units granted to Avigal Soreq vest over three years. This time-vesting schedule aligns his compensation with longer-term company performance and encourages retention during the multi-year vesting period.