Delta Air Lines (DAL) chair receives annual restricted stock award grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

DELTA AIR LINES, INC. director David S. Taylor reported an acquisition of company stock through an equity award. On June 18, 2026, he received 3,810 shares of common stock as a grant, bringing his direct holdings to 126,530 shares. According to the disclosure, Delta’s non-executive chair of the Board receives an annual restricted stock award valued at $320,000, and the reported shares represent this annual restricted stock grant, which was approved by the Board and treated as exempt under Rule 16b-3(d)(1).

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Taylor David S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,810	$0.00	--

Holdings After Transaction: Common Stock — 126,530 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 3,810 shares Holdings after transaction: 126,530 shares Grant price per share: $0.00 per share +1 more

4 metrics

Shares granted 3,810 shares Annual restricted stock award grant on June 18, 2026

Holdings after transaction 126,530 shares Common stock directly owned following the award

Grant price per share $0.00 per share Compensation-related equity award, not an open-market purchase

Award value $320,000 Stated value of annual restricted stock award for non-executive chair

Key Terms

restricted stock award, Rule 16b-3(d)(1), non-executive chair, Form 4

4 terms

restricted stock award financial

"receives an annual restricted stock award valued at $320,000"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

Rule 16b-3(d)(1) regulatory

"The shares were acquired in a transaction exempt under Rule 16b-3(d)(1)."

non-executive chair financial

"Delta's non-executive chair of the Board of Directors receives an annual restricted stock award"

Form 4 regulatory

"The shares reported in this Form 4 represent the annual restricted stock award grant"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 04:46 PM Accepted by SEC EDGAR 06/22/2026 - 04:45 PM

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^*

Taylor David S

(Last)

(First)

(Middle)

C/O DELTA AIR LINES, INC., DEPT. 981

1030 DELTA BOULEVARD

(Street)

ATLANTA

GEORGIA

30354

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/18/2026		A		3,810⁽¹⁾	A	⁽¹⁾	126,530	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Delta's non-executive chair of the Board of Directors receives an annual restricted stock award valued at $320,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 18, 2026. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).

	/s/ Alan T. Rosselot, as attorney-in-fact for David S. Taylor	06/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Delta Air Lines (DAL) director David S. Taylor report in this Form 4?

David S. Taylor reported receiving 3,810 shares of Delta Air Lines common stock as an equity award. This grant increased his direct holdings to 126,530 shares following the transaction on June 18, 2026, as disclosed in the insider filing.

How many Delta Air Lines (DAL) shares does David S. Taylor hold after the reported grant?

After the reported grant, David S. Taylor directly holds 126,530 shares of Delta Air Lines common stock. This total reflects the addition of 3,810 shares awarded on June 18, 2026, as part of his compensation as non-executive chair.

What is the nature of the Delta Air Lines (DAL) shares acquired by David S. Taylor?

The shares represent an annual restricted stock award granted to David S. Taylor as compensation. The filing notes that Delta’s non-executive chair receives a restricted stock award valued at $320,000, and the reported 3,810 shares are this Board-approved annual grant.

Was cash paid for the Delta Air Lines (DAL) shares reported by David S. Taylor?

The reported 3,810 Delta Air Lines shares were acquired at a price of $0.00 per share. This indicates the transaction was a compensation-related award rather than an open-market purchase, consistent with the description of an annual restricted stock grant.

Under what rule was David S. Taylor’s Delta Air Lines (DAL) stock award transaction treated?

The transaction was treated as exempt under Rule 16b-3(d)(1). The footnote explains that the reported shares constitute the annual restricted stock award to the non-executive chair, approved by the Board and structured to qualify for this exemption.

What is the stated value of the annual restricted stock award for Delta Air Lines (DAL) non-executive chair?

The filing states that Delta’s non-executive chair of the Board of Directors receives an annual restricted stock award valued at $320,000. The 3,810 shares reported in this Form 4 represent that annual restricted stock award grant for David S. Taylor.