Nancy P. Bubanich - Dec 28, 2023 Form 4 Insider Report for DELTA APPAREL, INC (DLA)

Role
VP & Chief Accounting Officer
Signature
/s/ Lauren S. Chang, POA
Stock symbol
DLA
Transactions as of
Dec 28, 2023
Transactions value $
-$8,654
Form type
4
Date filed
1/2/2024, 02:43 PM
Previous filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DLA Common Stock Options Exercise $0 +1.75K +52.71% $0.00 5.07K Dec 28, 2023 Direct F1, F2
transaction DLA Common Stock Disposed to Issuer -$6.47K -875 -17.26% $7.39 4.2K Dec 28, 2023 Direct F3
transaction DLA Common Stock Tax liability -$2.19K -296 -7.06% $7.39 3.9K Dec 28, 2023 Direct F4

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 DLA Restricted Stock Units Options Exercise $0 -1.75K -100% $0.00* 0 Dec 28, 2023 Common Stock 1.75K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were acquired in connection with the vesting of service-based restricted stock units. One-half of the vested restricted stock units convert into Delta Apparel, Inc. common stock on a one-for-one basis and the remaining half convert into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
F2 Each restricted stock unit represents the right to receive one share of common stock of Delta Apparel, Inc. or the cash equivalent.
F3 These shares were disposed of in connection with the conversion of one-half of the 1,750 vested restricted stock units into a cash amount equal to the market value of the Company's common stock on the applicable date multiplied by the applicable number of restricted stock units.
F4 These shares were withheld by Delta Apparel, Inc. for the payment of a tax liability incident to the vesting of service-based restricted stock units.
F5 The restricted stock units vested upon the December 28, 2023, filing of the Company's Annual Report on Form 10-K for its fiscal year ended September 30, 2023.