Erik S. Snell - Jan 1, 2025 Form 3 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
EVP & Chief Cust Exper Officer
Signature
/s/ Alan T. Rosselot as attorney-in-fact for Erik S. Snell
Stock symbol
DAL
Transactions as of
Jan 1, 2025
Transactions value $
$0
Form type
3
Date filed
1/3/2025, 04:30 PM
Previous filing
Jul 15, 2021
Next filing
Feb 3, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DAL Common Stock 30.6K Jan 1, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding DAL Employee Stock Option (right to buy) Jan 1, 2025 Common Stock 13.9K $50.52 Direct F2
holding DAL Employee Stock Option (right to buy) Jan 1, 2025 Common Stock 13.5K $58.89 Direct F3
holding DAL Employee Stock Option (right to buy) Jan 1, 2025 Common Stock 9.08K $39.78 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 27,160 shares of restricted common stock. Of these restricted shares: (i) 4,180 were granted to the Reporting Person on February 9, 2022 and will vest on February 1, 2025, (ii) 9,300 were granted to the Reporting Person on February 8, 2023 and will vest in two equal installments on February 1, 2025 and 2026, and (iii) 13,680 were granted to the Reporting Person on February 7, 2024 and will vest in three equal installments on February 1, 2025, 2026 and 2027. The grants of restricted stock were approved by the Personnel & Compensation Committee ("P&C Committee") of Delta's Board of Directors and are exempt from Section 16(b) of the Securities Exchange Act of 1934 ("Exchange Act") under Rule 16b-3(d)(1).
F2 On February 6, 2019, the P&C Committee granted the Reporting Person an option to purchase 13,880 shares of common stock. The option vested subject to Delta's satisfaction of certain performance criteria, which were certified by the P&C Committee on February 5, 2020. This grant was approved by the P&C Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
F3 On February 5, 2020, the P&C Committee granted the Reporting Person an option to purchase 13,460 shares of common stock. The option vested subject to Delta's satisfaction of certain performance criteria, which were certified by the P&C Committee on February 9, 2022. This grant was approved by the P&C Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
F4 On February 3, 2021, the P&C Committee granted the Reporting Person an option to purchase 9,080 shares of common stock under the 2021 long-term incentive program. The option vested in three equal installments on February 1, 2022, 2023 and 2024. This grant was approved by the P&C Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).

Remarks:

Exhibit 24 - Power of Attorney