John E. Laughter - 08 Feb 2023 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
EVP & Chief of Operations
Signature
/s/ Alan T. Rosselot as attorney-in-fact for John E. Laughter
Issuer symbol
DAL
Transactions as of
08 Feb 2023
Net transactions value
-$160,442
Form type
4
Filing time
10 Feb 2023, 19:02:20 UTC
Previous filing
03 Feb 2023
Next filing
02 Feb 2024
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 +9,018 +36% 34,346 08 Feb 2023 Direct F1
transaction DAL Common Stock Tax liability $160,442 -4,068 -12% $39.44 30,278 08 Feb 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).