Delek Logistics EVP Disposes Shares to Cover Tax Obligations
The transaction involved a small portion of equity units withheld upon the vesting of executive compensation.
September 15, 2025
Delek Logistics Executive Reduces Holdings to Settle Withholding Taxes
On September 10, Delek Logistics Partners’ Executive Vice President, Mark Wayne Hobbs, disposed of 663 common units. The transaction was tied to the vesting of equity awards, with shares withheld to cover associated tax obligations.
This type of transaction is routine. Executives often receive equity-based compensation that vests on a schedule. When it does, a portion of the shares is typically withheld to meet tax requirements. In this case, the withheld units were priced at $43.99, bringing the total value of the disposition to just over $29,000.
After the transaction, Hobbs holds 16,682 common units in Delek Logistics. The remaining units are held directly and reflect his ongoing ownership position.
Details of the transaction were filed with the SEC on September 12. The filing also indicates the trade was made under a pre-arranged plan designed to comply with insider trading rules.
While the number of units sold was small, the filing ensures transparency around executive activity. It gives shareholders and market participants a clear view of how equity awards are managed—especially when tied to compensation.
These updates matter. They provide a snapshot of how executives handle their holdings and help investors keep pace with changes, no matter how minor. In a market that moves quickly, knowing when and why an executive adjusts their position keeps everyone informed and focused on the bigger picture.
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