Edward Bastian - Feb 1, 2024 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
Chief Executive Officer, Director
Signature
/s/ Alan T. Rosselot as attorney-in-fact for Edward Bastian
Stock symbol
DAL
Transactions as of
Feb 1, 2024
Transactions value $
-$1,066,555
Form type
4
Date filed
2/2/2024, 04:30 PM
Previous filing
Feb 10, 2023
Next filing
Feb 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAL Common Stock Options Exercise $2.22M +71.8K +16.75% $30.89 501K Feb 1, 2024 Direct
transaction DAL Common Stock Sale -$2.82M -71.8K -14.35% $39.20 429K Feb 1, 2024 Direct
transaction DAL Common Stock Tax liability -$470K -11.8K -2.76% $39.76 417K Feb 1, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DAL Employee Stock Option (right to buy) Options Exercise $0 -71.8K -100% $0.00* 0 Feb 1, 2024 Common Stock 71.8K $30.89 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 3, 2021 under Delta's 2021 long-term incentive program. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).
F2 The option is currently exercisable.