David S. Taylor - 15 Jun 2023 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: 15 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 20 Jun 2023, 17:15:15 UTC
Previous filing: 27 Apr 2023
Next filing: 19 Oct 2023
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		+7,470	+29%		33,560	15 Jun 2023	Direct	F1
holding	DAL	Common Stock						45,920	15 Jun 2023	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. Delta's non-executive chair of the Board also receives an annual restricted stock award valued at $130,000. 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	The shares are held in a Grantor Retained Annuity Trust (the "GRAT") for the benefit of the Reporting Person's adult children. The Reporting Person is the trustee of the GRAT, and the sole recipient of the annuity payments made by the GRAT.

Content

Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $190,000. Delta's non-executive chair of the Board also receives an annual restricted stock award valued at $130,000. 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).

The shares are held in a Grantor Retained Annuity Trust (the "GRAT") for the benefit of the Reporting Person's adult children. The Reporting Person is the trustee of the GRAT, and the sole recipient of the annuity payments made by the GRAT.