Rahul D. Samant - Feb 5, 2025 Form 4 Insider Report for DELTA AIR LINES, INC. (DAL)

Role
EVP & Chief Info Officer
Signature
/s/ Alan T. Rosselot as attorney-in-fact for Rahul D. Samant
Stock symbol
DAL
Transactions as of
Feb 5, 2025
Transactions value $
-$2,811,496
Form type
4
Date filed
2/7/2025, 04:30 PM
Previous filing
Feb 3, 2025
Next filing
Feb 12, 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 Sale -$463K -6.7K -15.73% $69.07 35.9K Feb 5, 2025 Direct
transaction DAL Common Stock Options Exercise $556K +11.3K +31.4% $49.33 47.2K Feb 5, 2025 Direct
transaction DAL Common Stock Sale -$779K -11.3K -23.9% $69.09 35.9K Feb 5, 2025 Direct F1
transaction DAL Common Stock Award +16.9K +47.09% 52.8K Feb 5, 2025 Direct F2
transaction DAL Common Stock Award +68.8K +130.35% 122K Feb 5, 2025 Direct F3
transaction DAL Common Stock Tax liability -$2.13M -30.8K -25.32% $69.06 90.8K Feb 5, 2025 Direct F4

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
transaction DAL Employee Stock Option (right to buy) Options Exercise $0 -11.3K -100% $0.00 0 Feb 5, 2025 Common Stock 11.3K $49.33 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. The reported shares were sold in multiple transactions through a broker-dealer at prices ranging from $69.070 to $69.130 per share, inclusive. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.
F2 The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Samant 16,900 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).
F3 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).
F4 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).
F5 The option is currently exercisable.