Delta Air Lines (NYSE: DAL) EVP Bellemare logs stock grants and tax withholding

Rhea-AI Filing Summary

Delta Air Lines executive Alain Bellemare reported equity compensation and tax withholding transactions in Delta common stock. On February 4, 2026, he received 21,170 shares of restricted stock under Delta’s 2026 long-term incentive program, which will vest according to the award terms.

He also received 125,250 shares earned from Performance Restricted Stock Units granted under the 2023 long-term incentive program, after the board committee certified Delta met specified performance goals. To cover related tax liabilities, 55,787 shares were withheld at a price of $70.86 per share. After these transactions, he directly owned 173,388 Delta shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider BELLEMARE ALAIN

Role EVP & Pres. - International

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	21,170	$0.00	--
Grant/Award	Common Stock	125,250	$0.00	--
Tax Withholding	Common Stock	55,787	$70.86	$3.95M

Holdings After Transaction: Common Stock — 103,925 shares (Direct)

Footnotes (1)

1. The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Bellemare 21,170 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). 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). 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).

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
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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^*

BELLEMARE ALAIN

(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 & Pres. - International

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		21,170(1)	A	(1)	103,925	D
Common Stock	02/04/2026		A		125,250(2)	A	(2)	229,175	D
Common Stock	02/04/2026		F		55,787(3)	D	$70.86	173,388	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. Bellemare 21,170 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 Alain M. Bellemare	02/06/2026
	** 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.
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FAQ

What insider transactions did DAL executive Alain Bellemare report on February 4, 2026?

Alain Bellemare reported equity compensation and related tax withholding in Delta Air Lines stock. He received restricted stock and shares from performance units, and some shares were withheld at $70.86 per share to satisfy tax obligations under Delta’s long-term incentive programs.

How many Delta (DAL) restricted shares were granted to Alain Bellemare in 2026?

Bellemare was granted 21,170 shares of restricted Delta common stock under the 2026 long-term incentive program. These shares will vest over time according to an award agreement approved by Delta’s Personnel & Compensation Committee and are exempt from Section 16(b) under Rule 16b-3(d)(1).

What are the Performance Restricted Stock Units (PRSUs) mentioned in Alain Bellemare’s DAL Form 4?

The PRSUs are performance-based stock awards from Delta’s 2023 long-term incentive program. Bellemare earned 125,250 shares when the board committee certified on February 4, 2026 that Delta met specified performance criteria, and the award is exempt under Section 16(b) Rule 16b-3(d)(1).

Why were 55,787 DAL shares withheld in Alain Bellemare’s Form 4 filing?

Delta withheld 55,787 shares of common stock at $70.86 per share to cover Bellemare’s tax liability when his performance-based stock units settled. This withholding, approved by the Personnel & Compensation Committee, is exempt from Section 16(b) under Rules 16b-3(d)(1) and 16b-3(e).

How many Delta (DAL) shares does Alain Bellemare own after the reported transactions?

Following the reported equity grant, PRSU vesting, and tax withholding, Alain Bellemare directly owns 173,388 shares of Delta common stock. This figure reflects his beneficial ownership after all Form 4 transactions dated February 4, 2026 were recorded in the filing’s ownership table.

Who approved the equity awards reported in Alain Bellemare’s DAL Form 4?

Delta’s Personnel & Compensation Committee approved the restricted stock grant, PRSU vesting, and tax withholding transactions. The filing states these actions qualify for exemptions from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1) and, for withholding, Rule 16b-3(e) as well.