Delek Logistics (DKL) EVP gets RSUs, units withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delek Logistics Partners EVP Mark Wayne Hobbs reported routine equity compensation and related tax withholding. He received a grant of 4,715 common units in the form of time‑vesting restricted stock units that vest over three years. On the same date, 461 common units were withheld at $53.02 per unit to satisfy tax obligations upon vesting of equity awards. After these transactions, he directly owns 20,475 common units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hobbs Mark Wayne
Role
EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Units | 4,715 | $0.00 | -- |
| Tax Withholding | Common Units | 461 | $53.02 | $24K |
Holdings After Transaction:
Common Units — 20,936 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 insider transactions did Delek Logistics (DKL) report for EVP Mark Wayne Hobbs?
Delek Logistics (DKL) reported that EVP Mark Wayne Hobbs received 4,715 common units as a grant of time‑vesting restricted stock units. On the same date, 461 units were withheld at $53.02 per unit to cover tax obligations tied to vesting equity awards.
Was the Delek Logistics (DKL) Form 4 transaction an open-market buy or sell?
The Form 4 for Delek Logistics (DKL) shows no open‑market buy or sell. It reports an equity award of 4,715 restricted units and a tax‑withholding disposition of 461 units at $53.02, which is a routine mechanism for paying taxes on vested awards.
How many Delek Logistics (DKL) common units does EVP Hobbs own after this Form 4?
After these reported transactions, EVP Mark Wayne Hobbs directly owns 20,475 Delek Logistics (DKL) common units. This reflects the impact of the 4,715‑unit restricted stock grant and the 461 units withheld for taxes upon vesting of equity awards on March 10, 2026.
What are the terms of the restricted stock units granted to the Delek Logistics (DKL) EVP?
The filing states that the 4,715 common units reported for Delek Logistics (DKL) represent a grant of time‑vesting restricted stock units. These restricted units vest over three years, providing the EVP equity compensation that becomes fully owned only as the time‑based vesting conditions are satisfied.
Why were 461 Delek Logistics (DKL) units disposed of in the Form 4 filing?
The 461 Delek Logistics (DKL) common units were not sold in the market but withheld to cover tax obligations. The filing explains they represent shares withheld for tax purposes upon vesting of equity awards, at a price of $53.02 per unit on March 10, 2026.