Hobbs Mark Wayne 4

What Happened Mark Wayne Hobbs, Chief Financial Officer of Delek US Holdings, exercised stock options on February 27, 2026 (derivative code M) to acquire 75,999 shares at an exercise price of $38.11 per share, a total value of $2,896,322. At the same time, 30,009 shares were withheld to cover tax obligations (code F) valued at $1,143,643. Net shares retained from the exercise equal 75,999 − 30,009 = 45,990 shares.

Key Details

• Transaction date: 2026-02-27; Filing date: 2026-03-02 (no late-filing flag indicated in the reported info).
• Exercise price: $38.11 per share.
• Shares acquired (exercise): 75,999 — total value reported $2,896,322.
• Shares disposed (withheld for taxes): 30,009 — value reported $1,143,643 (Footnote F1: shares withheld for tax purposes).
• Net shares added to Hobbs’s holdings: 45,990 (75,999 acquired minus 30,009 withheld).
• Shares owned after the transaction: not specified in the provided filing summary.
• Transaction codes: M = option exercise, F = tax withholding.

Context This was an option exercise with shares withheld to satisfy tax obligations — a common "cashless" mechanism that does not necessarily signal a buy or sell view on the stock. Exercises like this convert option rights into stock; the withholding is administrative rather than an open-market sale. The filing reports the mechanics and values but does not explain motivation.