Delta (DAL) EVP & Chief Commercial Officer receives 14,120 restricted shares

Rhea-AI Filing Summary

Delta Air Lines executive Joseph James Esposito received an equity award of company stock. On 02/04/2026, the Personnel & Compensation Committee granted him 14,120 shares of restricted common stock under Delta’s 2026 long-term incentive program. Following this grant, he beneficially owns 32,272 shares of Delta common stock in direct form. The shares will vest over time according to the award agreement, and the grant was approved by the Committee as exempt from short-swing profit rules under Rule 16b-3(d)(1).

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Esposito Joseph James

Role EVP & Chief Commercial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14,120	$0.00	--

Holdings After Transaction: Common Stock — 32,272 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Esposito Joseph James

(Last) (First) (Middle)

C/O DELTA AIR LINES, INC.

DEPT. 981, 1030 DELTA BLVD.

(Street)

ATLANTA GA 30354

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DELTA AIR LINES, INC. [ DAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Commercial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/04/2026		A		14,120(1)	A	(1)	32,272	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Esposito 14,120 shares of restricted common stock under Delta's 2026 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 under Rule 16b-3(d)(1).

	/s/ Alan T. Rosselot, as attorney-in-fact for Joseph James Esposito	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did DAL report for Joseph James Esposito?

Delta Air Lines reported that EVP & Chief Commercial Officer Joseph James Esposito received 14,120 shares of restricted common stock. The grant was made on 02/04/2026 under Delta’s 2026 long-term incentive program and approved by the Board’s Personnel & Compensation Committee.

How many Delta (DAL) shares does Joseph James Esposito own after this grant?

After the 14,120-share restricted stock grant, Joseph James Esposito beneficially owns 32,272 shares of Delta Air Lines common stock. These shares are reported as directly owned, reflecting his updated equity stake following the compensation-related award.

What type of shares were granted to Delta executive Joseph Esposito?

Joseph Esposito received restricted common stock of Delta Air Lines. The award totals 14,120 shares under the 2026 long-term incentive program, and the shares will vest according to terms detailed in the associated award agreement approved by the Compensation Committee.

Was the Delta (DAL) stock grant to Joseph Esposito a market purchase?

No, the transaction was not a market purchase. The Form 4 shows a transaction code "A" for an award of 14,120 restricted common shares granted by the Personnel & Compensation Committee as part of Delta’s 2026 long-term incentive compensation program.

Are Joseph Esposito’s Delta restricted shares subject to vesting conditions?

Yes. The footnote states the 14,120 restricted Delta common shares granted to Joseph Esposito will vest pursuant to the terms of the award agreement. This means he receives full benefit over time, according to specified vesting conditions in that agreement.

Why is the Delta (DAL) equity grant to Joseph Esposito exempt from Section 16(b)?

The grant is exempt from Section 16(b) because it was approved by Delta’s Personnel & Compensation Committee under Rule 16b-3(d)(1). That rule generally provides an exemption from short-swing profit recovery for certain board-approved insider compensation awards.