David S. Taylor - 16 Jun 2022 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
Director
Signature
/s/ Alan T. Rosselot, as attorney-in-fact for David S. Taylor
Issuer symbol
DAL
Transactions as of
16 Jun 2022
Net transactions value
$0
Form type
4
Filing time
21 Jun 2022, 16:35:14 UTC
Previous filing
26 Apr 2022
Next filing
15 Jul 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 +6,430 +24% 33,010 16 Jun 2022 Direct F1
holding DAL Common Stock 14,000 16 Jun 2022 By grantor retained annuity trust 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 On May 27, 2022, the Reporting Person contributed 14,000 shares of Delta common stock to a grantor retained annuity trust (the "GRAT") for the benefit of his adult children. The Reporting Person's spouse is the trustee of the GRAT, and the Reporting Person is the sole recipient of the annuity payments made by the GRAT.