Hobbs Mark Wayne 4
Research Summary
AI-generated summary
Delek Logistics (DKL) EVP Mark Hobbs Receives Restricted Stock Award
What Happened
Mark Wayne Hobbs, Executive Vice President of Delek Logistics Partners, LP, was granted 4,715 restricted stock units (RSUs) on March 10, 2026 (award code A) at $0.00 per share. Concurrently, 461 shares were withheld to cover tax liabilities (code F) at a reported price of $53.02 per share, totaling $24,442. The RSU grant represents an acquisition of equity compensation; the withheld shares were a routine tax withholding disposition rather than an open‑market sale.
Key Details
- Transaction dates: March 10, 2026 (reported on Form 4 filed March 12, 2026). Filing appears timely (filed two days after the transaction).
- Grant: 4,715 RSUs granted (acquired) at $0.00 (F1: time‑vesting over three years).
- Tax withholding: 461 shares withheld (disposed) at $53.02/share for $24,442 (F2: shares withheld upon vesting to cover taxes).
- Shares owned after the transaction: not disclosed in the supplied filing.
- Codes: A = award/grant; F = tax withholding (not an open‑market sale).
Context
RSUs are time‑vesting compensation that convert to shares as they vest; the F‑code withholding is a common administrative step to satisfy tax obligations and does not necessarily indicate insider selling. This filing documents compensation and tax withholding rather than an independent purchase or market sale by the insider.