Israel Joseph 4

What Happened

• Israel Joseph, Executive Vice President of Delek Logistics Partners, LP (DKL), was granted 5,658 restricted stock units (RSUs) on March 10, 2026 (reported on Form 4). The RSUs are shown as acquired at $0.00 (award/grant).
• To cover tax withholding upon vesting, a total of 743 shares were withheld: 168 shares on March 9 (disposed at $51.62, $8,672) and 575 shares on March 10 (disposed at $53.02, $30,487). The combined value of shares withheld for taxes is about $39,159.
• This transaction is an award of time-vesting RSUs (not an open-market purchase or sale); awards are typically compensation-related rather than a direct bullish or bearish signal.

Key Details

• Transaction dates and prices:
  • 2026-03-09: 168 shares withheld for taxes at $51.62 -> $8,672 (Disposition, code F)
  • 2026-03-10: 5,658 RSUs granted at $0.00 -> $0 (Acquisition, code A)
  • 2026-03-10: 575 shares withheld for taxes at $53.02 -> $30,487 (Disposition, code F)
• Total shares withheld for taxes: 743; total withheld value ≈ $39,159.
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: Shares withheld for tax purposes upon vesting of equity awards.
  • F2: Grant of time-vesting restricted stock units that vest over three years.
• Timeliness: Report filed March 11, 2026 for transactions on March 9–10, 2026; filing appears within the standard 2-business-day window.

Context

• These entries reflect compensation (time-vesting RSUs) and routine tax withholding. The award (A) increases potential future ownership as the RSUs vest over three years; the F entries are internal disposals to satisfy tax withholding and do not reflect open-market selling.
• For retail investors, awards signal management compensation alignment with shareholders but do not, by themselves, indicate an insider buying shares as a vote of confidence.