Delta exec reports 17,988 common shares owned
DELTA AIR LINES, INC. executive Julia Ann McConnell, SVP – Controller and CAO, reports direct ownership of 17,988 shares of common stock.
Rhea-AI Filing Summary
DELTA AIR LINES, INC. executive Julia Ann McConnell, SVP – Controller and CAO, reports direct ownership of 17,988 shares of common stock. This includes 14,363 shares of restricted common stock from grants made on April 23, 2025 and February 4, 2026, which vest in scheduled installments through 2029. The restricted stock grants were approved by the Personnel & Compensation Committee of Delta’s Board of Directors and are exempt from Section 16(b) of the Securities Exchange Act under Rule 16b-3(d)(1).
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McConnell Julia Ann
Role
SVP - Controller and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 17,988 shares (Direct)
Footnotes (1)
- F1. Includes 14,363 shares of restricted common stock. Of these shares of restricted stock: (i) 8,053 shares were granted to the Reporting Person on April 23, 2025 and will vest in two equal installments on February 27, 2027 and 2028, (ii) 2,420 shares were granted to the Reporting Person on April 23, 2025 and will vest in two equal installments on February 1, 2027 and 2028, and (iii) 3,890 shares were granted to the Reporting Person on February 4, 2026 and will vest in three equal installments on February 1, 2027, 2028 and 2029. The grants of restricted stock were approved by the Personnel & Compensation Committee of Delta's Board of Directors and are exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).
Key Figures
Common stock owned: 17,988 shares
Restricted common stock: 14,363 shares
Restricted grant A: 8,053 shares
+2 more
5 metrics
Common stock owned
17,988 shares
Direct ownership following reported holdings
Restricted common stock
14,363 shares
Portion of McConnell’s direct DAL holdings
Restricted grant A
8,053 shares
Granted April 23, 2025; vests in two equal installments Feb 27, 2027 and 2028
Restricted grant B
2,420 shares
Granted April 23, 2025; vests in two equal installments Feb 1, 2027 and 2028
Restricted grant C
3,890 shares
Granted Feb 4, 2026; vests in three equal installments Feb 1, 2027–2029
Key Terms
restricted common stock, Personnel & Compensation Committee, Section 16(b), Rule 16b-3(d)(1)
4 terms
restricted common stock financial
"Includes 14,363 shares of restricted common stock."
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
Personnel & Compensation Committee financial
"The grants of restricted stock were approved by the Personnel & Compensation Committee of Delta's Board of Directors"
Section 16(b) regulatory
"are exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(d)(1) regulatory
"and are exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1)."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Julia Ann McConnell’s Form 3 filing show for DAL?
The Form 3 shows Julia Ann McConnell, SVP – Controller and CAO of Delta Air Lines, directly owns 17,988 shares of common stock. This position includes 14,363 restricted shares granted in 2025 and 2026, vesting in multiple installments through 2029 under approved compensation plans.
What are the vesting schedules for Julia Ann McConnell’s DAL restricted stock?
Her restricted stock vests in tranches. Grants of 8,053 and 2,420 shares from April 23, 2025 vest in two equal installments in 2027 and 2028. A 3,890-share grant from February 4, 2026 vests in three equal installments in 2027, 2028 and 2029.
Who approved Julia Ann McConnell’s restricted stock grants at Delta (DAL)?
The restricted stock grants were approved by the Personnel & Compensation Committee of Delta’s Board of Directors. The filing notes these grants are exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1), reflecting standard board-approved executive compensation.
Are Julia Ann McConnell’s DAL restricted stock grants exempt from Section 16(b)?
Yes. The footnote states the restricted stock grants to McConnell are exempt from Section 16(b) of the Securities Exchange Act of 1934. They qualify under Rule 16b-3(d)(1) because they were approved by the Personnel & Compensation Committee of Delta’s Board of Directors.
AI-generated analysis. How Rhea-AI works. Not financial advice.
