Form 4 for DAL Delta Air Lines

Accepted 2022-02-11 00:00:00 ET · period of report 2022-02-09 · accession 0001683168-22-000905 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-02-11	2022-02-09	DAL	Carroll William C	SVP, Fin, Ctrl	A - Grant	—	+4,560	27.7K	+20%	—
D	2022-02-11	2022-02-09	DAL	Carroll William C	SVP, Fin, Ctrl	A - Grant	$0.00	+13.5K	13.5K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-02-09	A	A	4,560	—	27,749	D	—	—	(F1) The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Carroll 4,560 shares of restricted common stock under Delta's 2022 long-term incentive program. The shares will vest pursuant to the terms of the award agreement. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).
2	Derivative	Employee Stock Option (right to buy)	2022-02-09	A	A	13,460	$0.00	13,460	D	$58.89 · 2022-02-09 to 2030-02-04	13,460 Common Stock	(F2) On February 5, 2020, the Committee granted Mr. Carroll an option to purchase 13,460 shares of common stock. The option vests based on Delta's satisfaction of certain performance criteria. The performance criteria was certified by the Committee on February 9, 2022. Because the performance criteria were met, the option as to 8,974 shares vested, and the option for the remaining 4,486 shares will vest on February 1, 2023. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).