Delta Air Lines president granted 2,960 shares
Carter Peter W reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Carter Peter W reported acquisition or exercise transactions in this Form 4 filing.
Delta Air Lines President Peter W. Carter received a grant of 2,960 shares of restricted common stock under Delta’s 2026 long-term incentive program. The award was approved by the Board’s Personnel & Compensation Committee and is exempt from Section 16(b) under Rule 16b-3(d)(1). After this grant, Carter directly owns 424,704 shares of Delta common stock.
Insider Trade Summary
Grant/Award: 2,960 shares
Grant/Award
1 txn
Insider
Carter Peter W
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,960 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 424,704 shares (Direct)
Footnotes (1)
- F1. The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Carter 2,960 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: 2,960 shares
Holdings after transaction: 424,704 shares
Grant price per share: $0.00 per share
3 metrics
Restricted stock grant
2,960 shares
Award under Delta’s 2026 long-term incentive program
Holdings after transaction
424,704 shares
Common stock directly owned after grant
Grant price per share
$0.00 per share
Compensation grant, not open-market purchase
Key Terms
restricted common stock, long-term incentive program, Section 16(b), Rule 16b-3(d)(1), +1 more
5 terms
restricted common stock financial
"granted Mr. Carter 2,960 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"
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.
Section 16(b) regulatory
"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) ... under Rule 16b-3(d)(1)"
Personnel & Compensation Committee financial
"The Personnel & Compensation Committee of Delta's Board of Directors"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DAL President Peter W. Carter report?
Peter W. Carter reported receiving 2,960 shares of restricted common stock in a compensation grant. The award came under Delta’s 2026 long-term incentive program and was approved by the Board’s Personnel & Compensation Committee, increasing his direct holdings to 424,704 shares.
Was Peter W. Carter’s DAL stock grant an open-market purchase?
No, the 2,960-share transaction was a grant of restricted common stock, not an open-market purchase. It was awarded as part of Delta’s 2026 long-term incentive program at a stated price of $0.00 per share, indicating compensation rather than a market trade.
Why is Peter W. Carter’s DAL stock grant exempt from Section 16(b)?
The grant is exempt from Section 16(b) under Rule 16b-3(d)(1) because it was approved by the Personnel & Compensation Committee. This exemption recognizes certain board-approved, compensation-related transactions so they are not treated as short-swing profits under the Securities Exchange Act.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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