Delek Logistics (NYSE: DKL) awards 7,544 restricted units to EVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Spiegel Reuven reported acquisition or exercise transactions in this Form 4 filing.
Delek Logistics Partners, LP reported that Executive Vice President Reuven Spiegel received a grant of 7,544 common-unit restricted stock units that vest over three years. The award was granted at no cash cost to him as part of equity compensation and is not an open-market purchase. Following this grant, he directly holds 30,034 common units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spiegel Reuven
Role
Executive Vice President, DKL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 7,544 | $0.00 | -- |
Holdings After Transaction:
Common Units — 30,034 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Delek Logistics Partners (DKL) report for Reuven Spiegel?
Delek Logistics reported that Executive Vice President Reuven Spiegel received a grant of 7,544 common-unit restricted stock units. The award was a compensation grant at no cash cost, structured to vest over three years and increase his equity-based stake in the partnership.
Was the Delek Logistics (DKL) Form 4 transaction a stock purchase or award?
The Form 4 shows an equity award, not an open-market purchase. Spiegel received 7,544 restricted stock units as a grant, recorded under transaction code A, meaning grant or award acquisition, with a reported price per unit of zero dollars in the filing.
How many Delek Logistics (DKL) units does Reuven Spiegel own after this grant?
After the grant, Spiegel is reported to directly own 30,034 common units of Delek Logistics Partners. This total includes the 7,544 restricted stock units granted as time-vesting equity, reflecting his updated position following the reported compensation transaction.
How do the granted restricted stock units at Delek Logistics (DKL) vest?
The filing notes that the 7,544 restricted stock units are time-vesting and vest over three years. This structure typically means portions of the award become owned over time, encouraging longer-term alignment between the executive’s interests and unitholders’ interests.
What does transaction code A mean in the Delek Logistics (DKL) Form 4?
Transaction code A in this Form 4 is described as a grant, award, or other acquisition. For Spiegel, it reflects a compensation-related grant of 7,544 restricted stock units, rather than a discretionary market purchase or sale of existing Delek Logistics common units.
Does the Delek Logistics (DKL) Form 4 indicate any insider sales by Reuven Spiegel?
The reported Form 4 does not show any insider sales by Spiegel. It only records one acquisition transaction: a grant of 7,544 restricted stock units, leaving his direct ownership at 30,034 common units with no dispositions indicated in the provided summary data.