Alain Bellemare - Feb 5, 2025 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
EVP & Pres. - International
Signature
/s/ Alan T. Rosselot as attorney-in-fact for Alain M. Bellemare
Stock symbol
DAL
Transactions as of
Feb 5, 2025
Transactions value $
-$2,725,108
Form type
4
Date filed
2/7/2025, 04:30 PM
Previous filing
Feb 3, 2025
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 +21.7K +20.37% 128K Feb 5, 2025 Direct F1
transaction DAL Common Stock Award +88.2K +68.68% 217K Feb 5, 2025 Direct F2
transaction DAL Common Stock Tax liability -$2.73M -39.5K -18.22% $69.06 177K Feb 5, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Bellemare 21,730 shares of restricted common stock under Delta's 2025 long-term incentive program. The shares will vest pursuant to the terms of the award agreement. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act") under Rule 16b-3(d)(1).
F2 Shares earned pursuant to vesting of Performance Restricted Stock Units ("PRSUs") granted under Delta's 2022 long-term incentive program, upon certification by the Committee on February 5, 2025 of Delta's satisfaction of certain performance criteria specified for the award at time of grant. This grant was approved by the Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
F3 Shares withheld for payment of tax liability upon settlement of the PRSUs granted under Delta's 2022 long-term incentive program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Exchange Act under Rules 16b-3(d)(1) and 16b-3(e).