Form 4: Delek Logistics Partners Executive Reuven Spiegel Reports Acquisition and Disposal of Common Units
SEC Form 4 Filing
Reuven Spiegel, Executive Vice President of Delek Logistics Partners, reports acquiring and disposing of common units, including a grant of restricted stock units vesting quarterly until December 31, 2025.
Summary
- Reuven Spiegel, an Executive Vice President at Delek Logistics Partners, reported changes in beneficial ownership of the company's securities.
- On March 10, 2025, Spiegel acquired 9,878 common units at $0 price.
- Following this transaction, Spiegel directly owns 28,878 common units.
- The acquisition represents a grant of time-vesting restricted stock units that vest quarterly, to be completed by December 31, 2025.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard executive compensation practices.
Positives
- The grant of restricted stock units to an executive aligns their interests with the long-term performance of the company.
Future Outlook
The executive's holdings will increase as the restricted stock units vest quarterly until December 31, 2025.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders are informed about the executive's stake in the company.
- Employees may view this as part of the company's compensation strategy.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Acquisition of 9,878 common units and disposal of common units. |
| 03/11/2025 | Date of signature for the report. |
| 12/31/2025 | Completion date for the quarterly vesting of restricted stock units. |
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