Form 4: Delek US Holdings Executive Reuven Spiegel Reports Changes in Beneficial Ownership

EVP Reuven Spiegel reports acquisition and disposal of Delek US Holdings stock, including shares withheld for taxes and vesting of restricted stock units.

Summary

• Reuven Spiegel, EVP of Special Projects at Delek US Holdings, reported changes in beneficial ownership of the company's stock on March 10, 2025.
• He disposed of 3,368 shares of common stock at a price of $13.53 per share to cover tax obligations related to vesting equity awards.
• Spiegel also acquired 29,563 shares of common stock through a grant of time-vesting restricted stock units, which vest quarterly until December 31, 2025.
• Additionally, he acquired 9,101 shares upon the vesting of performance-based restricted stock units at $13.53.
• Following these transactions, Spiegel directly owns 59,446 shares of Delek US Holdings common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transactions are part of normal executive compensation and do not indicate any significant positive or negative outlook.

Positives

• The acquisition of 29,563 shares through restricted stock units indicates a long-term incentive and alignment with the company's performance.
• The vesting of performance-based restricted stock units suggests that performance targets were met, leading to the acquisition of 9,101 shares.

Negatives

• The disposal of 3,368 shares, even for tax purposes, could be perceived negatively, although it's a common practice.

Future Outlook

The vesting schedule of the restricted stock units suggests continued alignment of executive compensation with company performance through December 31, 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates