Delta COO granted 5,550 restricted DAL shares
Janki Daniel C. reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
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
Grant/Award: 5,550 shares
Grant/Award
1 txn
Insider
Janki Daniel C.
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,550 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 381,937 shares (Direct)
Footnotes (1)
- F1. 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).
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"
A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.
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)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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