Hobbs Mark Wayne 4

What Happened On 2026-03-09 and 2026-03-10, Delek US (DK) CFO Mark Wayne Hobbs was awarded a total of 19,664 restricted stock units (RSUs) (3,003 on 3/9 and 16,661 on 3/10). To satisfy tax withholding obligations related to vesting, 6,388 shares were delivered/disposed: 1,182 shares on 3/9 at $40.13 each ($47,434) and 5,206 shares on 3/10 at $40.64 each ($211,572). The awards are recorded as acquisitions at $0.00 per share (compensation grants); the withheld/disposed shares reflect tax withholding rather than an open-market sale.

Key Details

• Transaction dates and amounts:
  • 2026-03-09: Awarded 3,003 RSUs (A @ $0.00). 1,182 shares withheld/disposed at $40.13 for $47,434 (F).
  • 2026-03-10: Awarded 10,510 RSUs (A @ $0.00) and 6,151 RSUs (A @ $0.00). 5,206 shares withheld/disposed at $40.64 for $211,572 (F).
• Total awarded: 19,664 RSUs. Total shares withheld/disposed for taxes: 6,388. Total value of withheld/disposed shares ≈ $259,006.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 indicates some shares were delivered upon vesting of performance-based RSUs; F2 confirms shares were withheld for tax purposes; F3 denotes a grant of time-vesting RSUs that vest over three years.
• Filing timeliness: Form 4 was filed on 2026-03-11 for transactions on 2026-03-09–03-10 (filed within the typical Form 4 reporting window).

Context These transactions are compensation-related (RSU grants and routine tax withholding). The acquired units are not open-market purchases — they are company awards that may vest over time or based on performance. The shares surrendered were to cover tax liabilities on vesting (a common administrative action) and should not be interpreted as a voluntary directional sale by the insider.