Form 4: Delek Logistics EVP Sells Units for Tax Purposes

Delek Logistics Partners' Executive Vice President, Reuven Spiegel, disposed of 972 common units to cover tax obligations related to equity award vesting.

Summary

• Reuven Spiegel, Executive Vice President and Director of Delek Logistics Partners, LP (DKL), reported a transaction on September 10, 2025.
• The transaction involved the disposition of 972 common units of DKL.
• These units were withheld for tax purposes upon the vesting of equity awards.
• The disposition occurred at a price of $43.99 per unit.
• Following this transaction, Reuven Spiegel beneficially owns 25,212 common units directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary transaction for tax withholding related to equity award vesting, which is neutral in terms of company performance or executive confidence.

Positives

• The underlying event for the disposition was the vesting of equity awards, indicating compensation for the executive.

Negatives

• The disposition of units was a non-discretionary sale for tax withholding, not an indication of a lack of confidence in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction filing (Form 4) related to executive compensation and tax obligations, and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a discretionary sale indicating a change in executive sentiment.

Key Dates

Keywords

Delek Logistics Partners, DKL, Reuven Spiegel, Insider Transaction, Form 4, Equity Awards, Tax Withholding, Common Units