Sergio Rial - Jun 16, 2022 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
Director
Signature
/s/ Alan T. Rosselot as attorney-in-fact for Sergio Rial
Stock symbol
DAL
Transactions as of
Jun 16, 2022
Transactions value $
-$34,875
Form type
4
Date filed
6/21/2022, 04:34 PM
Previous filing
Jun 21, 2021
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAL Common Stock Award +6.43K +28.49% 29K Jun 16, 2022 Direct F1
transaction DAL Common Stock Tax liability -$34.9K -1.18K -4.07% $29.58 27.8K Jun 16, 2022 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 $190,000. 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 16, 2022. 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 17, 2021. 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).