Delta (NYSE: DAL) EVP reports tax withholding on restricted stock

Rhea-AI Filing Summary

Delta Air Lines executive John E. Laughter, EVP & Chief of Operations, reported share withholdings tied to restricted stock vesting. On January 30, 2026, the company withheld 2,149 and 1,427 shares of common stock at $65.89 per share to cover tax liabilities on awards from the 2024 and 2025 long-term incentive programs.

These transactions were approved by the Personnel & Compensation Committee and are exempt under Section 16(b) Rules 16b-3(d)(1) and 16b-3(e). After the withholdings, Laughter directly beneficially owned 77,533 shares of Delta common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Laughter John E

Role EVP & Chief of Operations

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,149	$65.89	$142K
Tax Withholding	Common Stock	1,427	$65.89	$94K

Holdings After Transaction: Common Stock — 78,960 shares (Direct)

Footnotes (1)

1. Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 7, 2024 under Delta's 2024 long-term incentive program. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e). In light of the restricted common stock vesting date (Sunday, February 1, 2026) occurring on a weekend, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Friday, January 30, 2026, the immediately preceding business day. Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 5, 2025 under Delta's 2025 long-term incentive program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e). In light of the restricted common stock vesting date (Sunday, February 1, 2026) occurring on a weekend, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Friday, January 30, 2026, the immediately preceding business day.

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
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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^*

Laughter John E

(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 of Operations

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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	01/30/2026(1)		F		2,149(1)	D	$65.89	78,960	D
Common Stock	01/30/2026(2)		F		1,427(2)	D	$65.89	77,533	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. Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 7, 2024 under Delta's 2024 long-term incentive program. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e). In light of the restricted common stock vesting date (Sunday, February 1, 2026) occurring on a weekend, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Friday, January 30, 2026, the immediately preceding business day.

2. Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 5, 2025 under Delta's 2025 long-term incentive program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e). In light of the restricted common stock vesting date (Sunday, February 1, 2026) occurring on a weekend, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Friday, January 30, 2026, the immediately preceding business day.

	/s/ Alan T. Rosselot as attorney-in-fact for John E. Laughter	02/03/2026
	** 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).
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FAQ

What insider transaction did Delta (DAL) EVP John E. Laughter report?

John E. Laughter reported company share withholdings to cover tax liabilities on restricted stock vesting. On January 30, 2026, 2,149 and 1,427 Delta common shares were withheld at $65.89 per share, tied to the 2024 and 2025 long-term incentive programs.

Why were Delta (DAL) shares withheld from John E. Laughter on January 30, 2026?

Shares were withheld to pay tax liabilities when restricted stock awards vested. The footnotes state the amounts relate to awards granted in February 2024 and February 2025 under Delta’s long-term incentive programs, with withholding approved by the Personnel & Compensation Committee.

How many Delta (DAL) shares does John E. Laughter own after this Form 4?

After the reported transactions, John E. Laughter beneficially owned 77,533 shares of Delta common stock directly. This figure reflects the impact of the two tax-withholding entries reported as code “F” transactions on January 30, 2026.

What price was used for John E. Laughter’s Delta (DAL) tax-withholding transactions?

Both tax-withholding transactions used a price of $65.89 per share. The footnotes explain this reflects Delta’s closing stock price on Friday, January 30, 2026, because the actual vesting date, Sunday, February 1, 2026, fell on a weekend.

Are John E. Laughter’s Delta (DAL) transactions exempt under Section 16(b)?

Yes. The footnotes state the tax-withholding transactions were approved by the Personnel & Compensation Committee and are exempt from Section 16(b) of the Exchange Act under Rules 16b-3(d)(1) and 16b-3(e), which cover certain board-approved compensation-related transactions.