Form 4 for DAL Delta Air Lines

Accepted 2025-06-23 00:00:00 ET · period of report 2025-06-18 · accession 0001683168-25-004713 · 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
	2025-06-23	2025-06-20	DAL	Rial Sergio	Dir	A - Grant	—	+4,240	36.1K	+13%	—
	2025-06-23	2025-06-18	DAL	Rial Sergio	Dir	F - Tax	$47.56	-1,212	31.8K	-4%	-$57.6K

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	2025-06-20	A	A	4,240	—	36,069	D	—	—	(F2) Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $200,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 19, 2025. Because June 19, 2025 was a federal holiday, the grant date for the restricted stock is deemed to be the next trading day (Friday, June 20, 2025) in accordance with Delta's Equity Grant Award Policy. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).
2	Common	Common Stock	2025-06-18	F	D	1,212	$47.56	31,829	D	—	—	(F1) Shares withheld for payment of tax liability upon vesting of the restricted stock award granted on June 20, 2024. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors and is exempt under Rules 16b-3(d)(1) and 16b-3(e). In light of the restricted common stock vesting date (Thursday, June 19, 2025) occurring on a federal holiday, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Wednesday, June 18, 2025, the immediately preceding business day.