Form 4: Delek Logistics Partners Executive Denise Clark McWatters Reports Changes in Beneficial Ownership

Denise Clark McWatters, EVP, Gen Counsel & Corp Sec of Delek Logistics Partners, reports acquisition and disposal of common units, including shares withheld for tax purposes and a grant of restricted stock units.

Summary

• On March 10, 2025, Denise Clark McWatters, EVP, Gen Counsel & Corp Sec of Delek Logistics Partners, reported changes in beneficial ownership.
• 332 common units were disposed of at a price of $40.49 due to shares withheld for tax purposes upon vesting of equity awards.
• 9,261 common units were acquired at a price of $0, representing a grant of time-vesting restricted stock units that vest quarterly, to be complete by June 30, 2026.
• Following these transactions, McWatters directly owns 20,227 common units.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The grant of 9,261 restricted stock units to McWatters aligns her interests with the long-term performance of Delek Logistics Partners.

Future Outlook

The restricted stock units vest quarterly until June 30, 2026, suggesting continued alignment of executive compensation with company performance over this period.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment with shareholder interests.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly diluting equity due to the issuance of new restricted stock units.

Key Dates