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Delek Logistics CFO Buys 1,500 Shares for $75,000. Here's a Closer Look at the Transaction.

Delek Logistics CFO Buys 1,500 Shares for $75,000. Here's a Closer Look at the Transaction.

On August 13, 2026, Delek Logistics Partners' CFO Robert G. Wright acquired 1,500 shares of the company's common units for a total of $75,000, or $50 per share. This transaction represented a significant increase in the CFO's direct ownership, expanding his personal stake by nearly a quarter. The purchase price was below Delek Logistics' stock price on the day of the transaction, which had closed at $52.30.

The executive's current direct beneficial ownership stands at 7,994 shares, valued at $431,755.94 based on the August 14 market close. The stock's 52-week high was $61.50. Delek Logistics Partners generates revenue from logistics and marketing assets for petroleum products, with segments including Storage and Transportation, Wholesale Marketing and Terminalling, and Pipeline Joint Venture Investments.

The company serves major petroleum refiners, producers, and distributors, positioning itself as a critical infrastructure provider in the midstream energy sector. The CFO's purchase of Delek Logistics Partners shares at $50 per share came after the stock had declined from the previous day's closing price of $60, following the announcement of a secondary public offering at $50.

Written by urgent.news from Yahoo Finance's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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