Delek Logistics (NYSE: DKL) CFO Form 4 Shows 499 Units Withheld for Tax
Rhea-AI Filing Summary
Delek Logistics Partners, LP executive reports routine equity transaction. The company’s EVP and Chief Financial Officer filed a Form 4 disclosing a disposition of 499 common units of Delek Logistics Partners, LP on 12/10/2025 at a price of $45.02 per unit. The filing states this represents units withheld for tax purposes upon the vesting of equity awards, which is an administrative transaction rather than an open-market sale. Following this withholding, the executive reports beneficial ownership of 3,120 common units held directly.
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FAQ
What insider transaction did Delek Logistics Partners (DKL) disclose in this Form 4?
The EVP and Chief Financial Officer of Delek Logistics Partners, LP (DKL) reported the disposition of 499 common units on 12/10/2025 at a price of $45.02 per unit.
Why were the 499 DKL common units disposed of by the executive?
The filing explains that the 499 common units represent shares withheld for tax purposes upon the vesting of equity awards, indicating an administrative tax withholding rather than a market sale.
How many Delek Logistics Partners (DKL) units does the executive own after this transaction?
After the reported tax withholding transaction, the EVP and Chief Financial Officer reports 3,120 common units of Delek Logistics Partners, LP beneficially owned in a direct capacity.
What is the role of the reporting person in Delek Logistics Partners (DKL)?
The reporting person is an officer of Delek Logistics Partners, LP, serving as EVP, Chief Financial Officer, and filed this Form 4 as a single reporting person.
Does this DKL Form 4 involve any derivative securities like options or warrants?
The Form 4 includes a Table II section for derivative securities, but in the provided content there are no derivative securities transactions reported; only a non-derivative common unit entry appears in Table I.
Was the reported DKL transaction part of a Rule 10b5-1 trading plan?
The form includes a checkbox for transactions made under a Rule 10b5-1(c) trading plan, but the provided content does not indicate that this box was checked for the reported tax withholding transaction.