Delek Logistics CFO Purchases Shares Amid Recent Stock Price Decline
On August 13, 2026, Robert G. Wright, Chief Financial Officer of Delek Logistics Partners (DKL), purchased 1,500 shares at $50 per share for a total value of $75,000 according to an SEC Form 4 filing. This transaction increased his direct stake in the company by nearly 23%, bringing his holdings to 7,994 units valued at approximately $418,086 post-transaction based on that day's market close price of $52.30 per share. The purchase occurred after a drop from the previous day’s closing stock price of $60 following news of a secondary public offering priced at $50 per unit. Wright’s move is seen as bullish, suggesting he views this level as an attractive entry point for investment in Delek Logistics Partners. The company reported second-quarter sales rising to $384.8 million from $246.4 million the prior year but faced increased costs that impacted net income. Delek Logistics operates a diversified logistics and marketing portfolio, serving major petroleum refiners through its pipeline network and terminalling facilities across the U.S.
Tickers: $DKL