Form 4: Delek US Holdings CFO Reuven Spiegel Sells 750 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Reuven Spiegel, CFO of Delek US Holdings, sold 750 shares of common stock at $23.55 per share on July 8, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On July 8, 2024, Reuven Spiegel, the CFO of Delek US Holdings, sold 750 shares of the company's common stock.
- The sale was executed at a price of $23.55 per share.
- This transaction was conducted under a pre-existing 10b5-1 trading plan adopted on August 10, 2023.
- Following the transaction, Spiegel directly owns 49,706 shares of Delek US Holdings.
- The filing was signed by Misty Foy, Attorney in Fact, on July 9, 2024.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing regarding an insider stock sale under a pre-arranged plan, indicating a neutral sentiment.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales under 10b5-1 plans are common and allow insiders to sell shares without being accused of acting on non-public information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| August 10, 2023 | Date the 10b5-1 plan was adopted |
| July 8, 2024 | Date of the stock sale transaction |
| July 9, 2024 | Date of the Form 4 filing |
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