Delta CFO reports stock grants and tax withholding

Delta Air Lines EVP & CFO Daniel C. Janki reported equity-based compensation and related tax withholding transactions in Delta common stock.

Rhea-AI Filing Summary

Delta Air Lines EVP & CFO Daniel C. Janki reported equity-based compensation and related tax withholding transactions in Delta common stock. On February 4, 2026, he received 19,410 shares of restricted common stock under Delta's 2026 long‑term incentive program and 229,620 shares earned from vesting of Performance Restricted Stock Units granted under the 2023 program.

On the same date, 102,273 shares were withheld at a price of $70.86 per share to cover tax liabilities tied to the PRSU settlement. After these transactions, Janki directly beneficially owned 376,387 Delta common shares. All actions were approved by the Board’s Personnel & Compensation Committee and are described as exempt under specified Exchange Act rules.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Janki Daniel C.

Role EVP & Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	19,410	$0.00	$0.00
Grant/Award	Common Stock	229,620	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	102,273	$70.86	$7.25M

Holdings After Transaction: Common Stock — 376,387 shares (Direct)

Footnotes (3)

1. F1. The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Janki 19,410 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 (the "Exchange Act") under Rule 16b-3(d)(1).
2. F2. Shares earned pursuant to vesting of Performance Restricted Stock Units ("PRSUs") granted under Delta's 2023 long-term incentive program, upon certification by the Committee on February 4, 2026 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).
3. F3. Shares withheld for payment of tax liability upon settlement of the PRSUs granted under Delta's 2023 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).

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Delta (DAL) CFO Daniel Janki report in this Form 4 filing?

Delta CFO Daniel Janki reported equity compensation activity involving restricted stock and performance units, plus tax-related share withholding. The filing details share grants, vesting of Performance Restricted Stock Units, and shares withheld to satisfy tax obligations, all approved by Delta’s Personnel & Compensation Committee.

How many Delta (DAL) shares did the CFO receive as new restricted stock awards?

Daniel Janki received 19,410 shares of restricted Delta common stock under the 2026 long-term incentive program. These shares were granted by the Personnel & Compensation Committee and will vest according to the terms of the applicable award agreement approved for the program.

What are the Performance Restricted Stock Units (PRSUs) mentioned for Delta (DAL) CFO?

The PRSUs are performance-based equity awards granted under Delta’s 2023 long-term incentive program. On February 4, 2026, 229,620 shares were earned upon Committee certification that Delta met specified performance criteria defined at grant, and this PRSU-related grant is noted as exempt under Rule 16b-3(d)(1).

Why were 102,273 Delta (DAL) shares disposed of at $70.86 in the Form 4?

The 102,273 Delta shares were withheld at $70.86 per share to cover tax liabilities from settlement of the 2023 PRSUs. This tax withholding transaction was approved by the Personnel & Compensation Committee and is reported as exempt under Rules 16b-3(d)(1) and 16b-3(e) of the Exchange Act.

How many Delta (DAL) shares does the CFO own after these reported transactions?

Following the reported equity grant, PRSU vesting, and tax withholding, Daniel Janki directly beneficially owns 376,387 shares of Delta common stock. This post-transaction holding figure appears in Table I of the Form 4 as the amount beneficially owned after the listed transactions.

Are the Delta (DAL) CFO’s equity transactions described as exempt from short-swing profit rules?

Yes. The restricted stock grant and PRSU-related shares are described as exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1). The tax withholding transaction is described as exempt under Rules 16b-3(d)(1) and 16b-3(e), reflecting Committee approval of these compensation-related actions.

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Accepted by SEC EDGAR 02/06/2026 - 07:35 PM Learn about SEC filing dates

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^*

Janki Daniel C.

(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 Financial 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		19,410(1)	A	(1)	249,040	D
Common Stock	02/04/2026		A		229,620(2)	A	(2)	478,660	D
Common Stock	02/04/2026		F		102,273(3)	D	$70.86	376,387	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. Janki 19,410 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 (the "Exchange Act") under Rule 16b-3(d)(1).

2. Shares earned pursuant to vesting of Performance Restricted Stock Units ("PRSUs") granted under Delta's 2023 long-term incentive program, upon certification by the Committee on February 4, 2026 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).

3. Shares withheld for payment of tax liability upon settlement of the PRSUs granted under Delta's 2023 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).

	/s/ Alan T. Rosselot, as attorney-in-fact for Daniel C. Janki	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** 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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