Sergio Rial - Jun 15, 2023 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 15, 2023
Transactions value $
-$82,716
Form type
4
Date filed
6/20/2023, 05:15 PM
Previous filing
Jun 21, 2022
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAL Common Stock Award +4.44K +15.96% 32.3K Jun 15, 2023 Direct F1
transaction DAL Common Stock Tax liability -$82.7K -1.93K -5.98% $42.88 30.3K Jun 15, 2023 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 15, 2023. 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 16, 2022. 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).