Sergio Rial - 17 Jun 2021 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
Director
Signature
/s/ Alan T. Rosselot as attorney-in-fact for Sergio Rial
Issuer symbol
DAL
Transactions as of
17 Jun 2021
Net transactions value
-$76,081
Form type
4
Filing time
21 Jun 2021, 18:04:14 UTC
Next filing
21 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAL Common Stock Award +3,930 +19% 24,278 17 Jun 2021 Direct F1
transaction DAL Common Stock Tax liability $76,081 -1,707 -7% $44.57 22,571 17 Jun 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $175,000. 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 17, 2021. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).
F2 Shares withheld for payment of tax liability upon vesting of the restricted stock award granted on June 18, 2020. 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).