Delek Logistics (NYSE: DKL) reports unit disposals in $10.0M buyback, $19.0M tank deal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek US Holdings and its subsidiaries reported two dispositions of Delek Logistics Partners common units back to the issuer. On March 17, 2025, Delek Logistics repurchased 243,075 common units from Delek US for $10.0 million, and those units were cancelled and retired. On April 1, 2026, Delek Logistics bought a Tyler refinery tank from Delek US for $19.0 million, with Delek US paying the purchase price using 359,372 common units that Delek Logistics placed into treasury. After these transactions, Delek US Energy, Inc. directly owns 23,045,868 common units and Delek Logistics Services Company directly owns 10,462,963 common units, which Delek US may be deemed to beneficially own through its ownership of these subsidiaries.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Delek US Holdings, Inc., Delek US Energy, Inc., Delek Logistics Services Co
Role
null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Units | 359,372 | $0.00 | -- |
| Disposition | Common Units | 243,075 | $0.00 | -- |
Holdings After Transaction:
Common Units — 33,508,831 shares (Indirect, See footnotes)
Footnotes (1)
- As previously disclosed in the Delek Logistics Partners, LP ("Delek Logistics") Annual Report on Form 10-K filed on February 27, 2026, on March 17, 2025, Delek Logistics repurchased 243,075 Common Units from Delek US Holdings, Inc. ("Delek US") for $10.0 million, and such Common Units were subsequently cancelled and retired by Delek Logistics. This Form 4 is being filed jointly by Delek US, Delek US Energy, Inc. ("Delek Energy"), and Delek Logistics Services Company ("DLSC"). After giving effect to the transactions reported herein, Delek Energy owns 23,045,868 Common Units directly and DLSC owns 10,462,963 Common Units directly. Delek US directly owns 100% of the outstanding ownership interests of Delek Energy, and Delek Energy owns 100% of the outstanding ownership interests of DLSC. Delek US may therefore be deemed to beneficially own the securities of the Issuer owned directly by Delek Energy and DLSC. As previously disclosed in the Delek Logistics Annual Report on Form 10-K filed on February 27, 2026, Delek Logistics had agreed to sell a Tyler refinery tank to Delek US on April 1, 2026, for $19.0 million. Delek US paid the purchase price with 359,372 Common Units, which were subsequently placed into treasury by Delek Logistics.
Key Figures
Repurchased units: 243,075 common units
Repurchase value: $10.0 million
Units used as consideration: 359,372 common units
+4 more
7 metrics
Repurchased units
243,075 common units
Repurchase from Delek US for $10.0 million on March 17, 2025
Repurchase value
$10.0 million
Cash paid by Delek Logistics for 243,075 units
Units used as consideration
359,372 common units
Paid by Delek US for Tyler refinery tank on April 1, 2026
Tank purchase price
$19.0 million
Tyler refinery tank sold by Delek Logistics to Delek US
Units after transaction
33,508,831 common units
Total units shown as owned following the April 1, 2026 disposition
Delek Energy holdings
23,045,868 common units
Directly owned by Delek US Energy, Inc. after reported transactions
DLSC holdings
10,462,963 common units
Directly owned by Delek Logistics Services Company after transactions
Key Terms
Common Units, treasury, beneficially own, Disposition to issuer, +1 more
5 terms
Common Units financial
"Delek Logistics repurchased 243,075 Common Units from Delek US Holdings, Inc."
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.
treasury financial
"Delek US paid the purchase price with 359,372 Common Units, which were subsequently placed into treasury"
The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.
beneficially own financial
"Delek US may therefore be deemed to beneficially own the securities of the Issuer"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Annual Report on Form 10-K regulatory
"As previously disclosed in the Delek Logistics Partners, LP Annual Report on Form 10-K"
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
FAQ
What insider transactions did Delek Logistics Partners (DKL) report on this Form 4?
The Form 4 reports two dispositions of Delek Logistics Partners common units back to the issuer. One involved a 243,075-unit repurchase for $10.0 million, and the other involved 359,372 units used by Delek US to pay for a $19.0 million tank purchase.
How many Delek Logistics Partners (DKL) units were repurchased from Delek US?
Delek Logistics repurchased 243,075 common units from Delek US for $10.0 million. These repurchased units were cancelled and retired, meaning they no longer remain outstanding, which slightly reduces the total unit count compared with before the repurchase.
How were units used in the Tyler refinery tank transaction involving DKL?
Delek Logistics agreed to sell a Tyler refinery tank to Delek US for $19.0 million. Delek US paid the purchase price with 359,372 Delek Logistics common units, and those units were subsequently placed into treasury by Delek Logistics instead of remaining in public hands.
What are Delek US’s effective holdings in Delek Logistics Partners (DKL) after these transactions?
After these transactions, Delek US Energy, Inc. directly owns 23,045,868 common units, and Delek Logistics Services Company directly owns 10,462,963 units. Because Delek US owns both entities, it may be deemed to beneficially own all of these Delek Logistics units.
Were the reported DKL unit transactions open-market buys or sales?
No, the transactions were dispositions to the issuer, not open-market trades. One was a unit repurchase for cash that led to cancellation, and the other used common units as payment for a refinery tank, with those units moving into Delek Logistics’ treasury.