Form 4: Delek Logistics Partners SVP Acquires Shares and Disposes of Shares for Tax Purposes

Robert G. Wright, SVP & Deputy CFO of Delek Logistics Partners, LP, reports acquisition of shares through restricted stock units and disposition of shares for tax obligations.

Summary

• Robert G. Wright, SVP & Deputy CFO of Delek Logistics Partners, LP [DKL], filed a Form 4 detailing changes in beneficial ownership.
• On March 10, 2025, Wright disposed of 69 common units at a price of $40.49 to cover tax obligations related to vesting equity awards.
• On the same day, Wright acquired 2,161 common units through a grant of time-vesting restricted stock units.
• These restricted stock units vest over three years.
• Following these transactions, Wright directly owns 4,193 common units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of restricted stock units is a positive sign, while the tax-related disposal is a normal occurrence.

Positives

• The acquisition of 2,161 common units indicates a continued investment and alignment with the company's future performance.

Negatives

• The disposal of 69 common units, while for tax purposes, slightly reduces Wright's holdings.

Future Outlook

The restricted stock units vest over three years, suggesting a long-term incentive for the executive.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates standard compensation practices and tax-related transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates