Peter W. Carter - Feb 8, 2023 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
EVP - External Affairs
Signature
/s/ Alan T. Rosselot, as attorney-in-fact for Peter W. Carter
Stock symbol
DAL
Transactions as of
Feb 8, 2023
Transactions value $
-$439,440
Form type
4
Date filed
2/10/2023, 07:01 PM
Previous filing
Feb 3, 2023
Next filing
Aug 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAL Common Stock Award +24.7K +13.91% 202K Feb 8, 2023 Direct F1
transaction DAL Common Stock Tax liability -$439K -11.1K -5.51% $39.44 191K Feb 8, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement of performance awards granted under Delta's 2020 long-term incentive program which were earned effective February 8, 2023. The grant of the performance awards was approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).
F2 Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2020 long-term incentive program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).