Delta Air Lines (DAL) COO Daniel Janki receives 5,550-share restricted stock grant

Rhea-AI Filing Summary

Janki Daniel C. reported acquisition or exercise transactions in this Form 4 filing.

DELTA AIR LINES, INC. executive Daniel C. Janki, EVP & Chief Operating Officer, received a grant of 5,550 shares of common stock as equity compensation. The award consists of restricted common stock granted under Delta's 2026 long-term incentive program and will vest under the related award terms. Following this grant, Janki directly holds 381,937 shares of Delta common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Janki Daniel C.

Role EVP & Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,550	$0.00	--

Holdings After Transaction: Common Stock — 381,937 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 5,550 shares Holdings after transaction: 381,937 shares Grant price per share: $0.0000 per share

3 metrics

Restricted stock grant 5,550 shares Award under Delta’s 2026 long-term incentive program

Holdings after transaction 381,937 shares Common stock directly owned by Daniel C. Janki after grant

Grant price per share $0.0000 per share Indicates no cash paid by Janki for the awarded shares

Key Terms

restricted common stock, long-term incentive program, Personnel & Compensation Committee, Section 16(b), +1 more

5 terms

restricted common stock financial

"granted Mr. Janki 5,550 shares of restricted common stock under Delta's 2026 long-term incentive program"

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.

long-term incentive program financial

"under Delta's 2026 long-term incentive program. The shares will vest pursuant to the terms of the award agreement"

Personnel & Compensation Committee financial

"The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Janki 5,550 shares"

Section 16(b) regulatory

"This grant was approved by the Committee and is 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

"exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1)"

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^*

Janki Daniel C.

(Last) (First) (Middle)

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

1030 DELTA BLVD.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		A		5,550(1)	A	(1)	381,937	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 5,550 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 Daniel C. Janki	04/03/2026
	** 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).
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)

FAQ

What insider transaction did DAL executive Daniel C. Janki report on this Form 4?

Daniel C. Janki reported receiving a grant of 5,550 shares of Delta common stock. These are restricted shares awarded as part of Delta’s 2026 long-term incentive program, reflecting equity-based compensation rather than an open-market stock purchase or sale.

Is the Daniel C. Janki Form 4 transaction for DAL a stock purchase or compensation grant?

The transaction is a compensation grant, not a stock purchase. Janki received 5,550 shares of restricted common stock awarded at no cash cost to him, under Delta’s 2026 long-term incentive program approved by the Personnel & Compensation Committee.

How many DAL shares does Daniel C. Janki hold after this reported grant?

After the grant, Daniel C. Janki directly holds 381,937 shares of Delta common stock. This total includes the newly awarded 5,550 restricted shares, which will vest over time according to the specific terms of the related award agreement.

What type of DAL equity award did Daniel C. Janki receive in this filing?

He received restricted common stock in Delta Air Lines. The Personnel & Compensation Committee granted 5,550 restricted shares under the 2026 long-term incentive program, with vesting governed by an award agreement that sets the specific conditions for earning the shares.

Was the DAL equity grant to Daniel C. Janki approved under a specific SEC rule?

Yes. The restricted stock grant to Daniel C. Janki is described as exempt from Section 16(b) of the Securities Exchange Act of 1934. It is treated as exempt under Rule 16b-3(d)(1), which covers certain board-approved insider compensation awards.