Delek Logistics (DKL) EVP Withholds 1,716 Units for Taxes at $43.99

Rhea-AI Filing Summary

Denise Clark McWatters, EVP, General Counsel & Corporate Secretary of Delek Logistics Partners, LP (DKL), reported a Form 4 disclosing a tax-withholding share disposition on 09/10/2025. She had 1,716 common units withheld and disposed at a reported price of $43.99 per unit, reducing her direct beneficial ownership to 18,253 common units. The filing states the shares were withheld for tax purposes upon vesting of equity awards. The Form 4 was signed on behalf of McWatters by an attorney-in-fact on 09/12/2025. No other purchases, sales, or derivative transactions are reported.

Positive

• Transparent disclosure of the withholding transaction including number of units, price, and post-transaction holdings
• Clear explanation that shares were withheld for tax purposes upon vesting, indicating an administrative event rather than a voluntary sale

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Officer disposed of vested shares to cover taxes; routine administrative transaction, not a directional trade signal.

The reported disposition of 1,716 units "for tax purposes upon vesting" is a standard post-vesting withholding event to satisfy tax obligations and does not indicate voluntary selling pressure by the officer. The reduction to 18,253 directly held units reflects the net position after withholding. This transaction is administrative in nature and immaterial relative to market liquidity absent additional context on total outstanding units.

Securities Compliance Analyst

TL;DR: Filing appears complete for the reported event and follows expected disclosure norms.

The Form 4 specifies transaction code F(1) and discloses price and resulting holdings, with an attorney-in-fact signature dated 09/12/2025. The explicit explanation that shares were withheld for taxes aligns with permitted insider reporting practices. There is no indication of Rule 10b5-1 plan usage or other contemporaneous trades in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McWatters Denise Clark

(Last) (First) (Middle)

310 SEVEN SPRINGS WAY

SUITE 500

(Street)

BRENTWOOD TN 37027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Delek Logistics Partners, LP [ DKL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Gen Counsel & Corp Sec

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Units	09/10/2025		F(1)		1,716	D	$43.99	18,253	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares withheld for tax purposes upon vesting of equity awards.

Remarks:

	/s/ Misty Lavender, Attorney in Fact	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Denise McWatters report on the Form 4 for DKL?

She reported the withholding and disposition of 1,716 common units at $43.99 per unit, reducing her direct holdings to 18,253 units.

When was the transaction dated and when was the Form 4 signed?

The transaction date is 09/10/2025 and the Form 4 bears a signature by an attorney-in-fact dated 09/12/2025.

Why were the shares disposed according to the filing?

The filing states the shares were withheld for tax purposes upon vesting of equity awards.

Did the Form 4 report any derivative transactions or other trades?

No. The filing shows only the non-derivative withholding disposition and no derivative transactions or additional purchases/sales.

What transaction code was used on the Form 4?

The transaction is reported with code F(1), indicating a disposition due to tax withholding on vesting.