FINNERTY WILLIAM J 4
Research Summary
AI-generated summary
Delek US (DK) Director William J. Finnerty Sells 5,000 Shares
What Happened
William J. Finnerty, a director of Delek US Holdings, Inc. (DK), sold 5,000 shares on 2026-03-18 at $45.50 per share, generating proceeds of $227,500. This was a sale (not a purchase) executed under an established plan, so it is typically viewed as a routine, prearranged disposition rather than an ad‑hoc trade.
Key Details
- Transaction date: 2026-03-18; filing date: 2026-03-20 (Form 4 accession 0001283661-26-000004) — filing is timely.
- Price and amount: 5,000 shares at $45.50 per share; total proceeds $227,500.
- Transaction type/code: Sale (S) — open-market or private sale per the filing.
- Footnote: Transaction made pursuant to a Rule 10b5-1 trading plan (intended to satisfy the affirmative defense in Rule 10b5-1(c)).
- Shares owned after transaction: Not specified in the provided summary of the filing.
Context
A 10b5-1 plan means the sale was prearranged and can reduce the inference that the director traded on inside information; it’s common for insiders to use such plans for planned liquidity. Sales are generally less informative than purchases about an insider’s outlook, and this transaction should be viewed as a routine disposition unless additional context (e.g., large ownership change) appears in other filings.