Delta Air Lines (NYSE: DAL) president exercises options and sells 39,900 shares
Rhea-AI Filing Summary
Delta Air Lines, Inc. President Peter W. Carter exercised employee stock options for 39,900 shares of common stock at $49.33 per share, eliminating this option position. He then sold 39,900 shares on August 4, 2026 at a weighted average price of $92.981 per share in multiple broker-dealer transactions priced between $92.740 and $93.300.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 39,900 shares ($1.74M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Carter Peter W
Role
President
Sold
39,900 shs ($3.71M)
Approx. gross sale proceeds
$3.71M
Approx. exercise cost
$1.97M
Approx. pre-tax spread
$1.74M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F2 | 39,900 | $0.00 | $0.00 |
| Exercise | Common Stock | 39,900 | $49.33 | $1.97M |
| Sale | Common Stock F1 | 39,900 | $92.981 | $3.71M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 424,704 shares (Direct)
Footnotes (2)
- F1. The price reported in column 4 is a weighted average price. The reported shares were sold in multiple transactions through a broker-dealer at prices ranging from $92.740 to $93.300 per share, inclusive. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the Staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.
- F2. The option is currently exercisable.
Key Figures
Options exercised: 39,900 shares
Option exercise price: $49.33 per share
Shares sold: 39,900 shares
+3 more
6 metrics
Options exercised
39,900 shares
Employee stock options converted into common stock on August 4, 2026
Option exercise price
$49.33 per share
Exercise or conversion price of employee stock option
Shares sold
39,900 shares
Common stock sold following option exercise on August 4, 2026
Weighted average sale price
$92.981 per share
Average price for the 39,900 common shares sold through a broker-dealer
Sale price range
$92.740 to $93.300 per share
Range of prices for multiple broker-dealer sale transactions
Option expiration date
2027-02-08
Expiration date of the employee stock option that was exercised
Key Terms
Employee Stock Option (right to buy), weighted average price, broker-dealer, derivative security
4 terms
Employee Stock Option (right to buy) financial
"security_title is listed as Employee Stock Option (right to buy)"
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
broker-dealer financial
"shares were sold in multiple transactions through a broker-dealer at prices"
A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.
derivative security financial
"transaction code M described as Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did Delta Air Lines (DAL) executive Peter W. Carter report?
Peter W. Carter reported exercising options for 39,900 Delta Air Lines shares at $49.33 and selling 39,900 shares on August 4, 2026. The sale occurred after the option exercise and used a weighted average sale price of $92.981 per share.
What was the exercise price of Peter W. Carter’s Delta Air Lines (DAL) stock options?
Carter exercised employee stock options covering 39,900 Delta Air Lines shares at an exercise price of $49.33 per share. The option, which was currently exercisable and expiring February 8, 2027, was fully exercised in this reported transaction.
Were Peter W. Carter’s Delta Air Lines (DAL) options fully exercised in this transaction?
Yes. The Form 4 shows Carter exercised options for 39,900 shares, leaving 0 option shares in that grant after the transaction. Those 39,900 option-derived shares were then sold in full in same‑day broker-dealer transactions.
Did Peter W. Carter use a Rule 10b5-1 trading plan for these Delta Air Lines (DAL) trades?
The report indicates the trades were not executed under a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is marked false, and the footnotes describe pricing details but do not reference any pre-arranged trading plan.