Delta Air Lines (DAL) EVP Ausband logs stock grants, PRSU vesting and tax withholding

Rhea-AI Filing Summary

Delta Air Lines executive Allison C. Ausband reported equity awards and tax withholding transactions. On February 4, 2026 she received 16,470 shares of restricted common stock under Delta’s 2026 long-term incentive program, subject to vesting conditions in the award agreement.

On the same date, 69,600 shares were delivered upon vesting of Performance Restricted Stock Units from Delta’s 2023 long-term incentive program after the board committee certified that specified performance criteria were met. Separately, 31,000 shares were withheld at a price of $70.86 per share to cover related tax obligations. After these transactions, she directly owned 143,854 shares of Delta common stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Ausband Allison C

Role EVP & Chief People Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	16,470	$0.00	--
Grant/Award	Common Stock	69,600	$0.00	--
Tax Withholding	Common Stock	31,000	$70.86	$2.20M

Holdings After Transaction: Common Stock — 105,254 shares (Direct)

Footnotes (1)

1. The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Ms. Ausband 16,470 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

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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^*

Ausband Allison C

(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 & Chief People Officer

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		16,470(1)	A	(1)	105,254	D
Common Stock	02/04/2026		A		69,600(2)	A	(2)	174,854	D
Common Stock	02/04/2026		F		31,000(3)	D	$70.86	143,854	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 Ms. Ausband 16,470 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 Allison C. Ausband	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 did Delta Air Lines EVP Allison C. Ausband report on this Form 4 for DAL?

Allison C. Ausband reported equity compensation activity on February 4, 2026, including a grant of restricted stock, vesting of performance-based stock units, and share withholding for taxes, leaving her with directly owned Delta common stock after these transactions.

How many Delta (DAL) shares did Allison Ausband receive as a restricted stock grant?

She received 16,470 shares of restricted common stock under Delta’s 2026 long-term incentive program. These shares are subject to vesting based on the terms of her award agreement, rather than being fully owned and unrestricted on the grant date.

What are the 69,600 Delta shares reported as acquired by Allison Ausband?

The 69,600 shares reflect stock earned from vesting of Performance Restricted Stock Units granted under Delta’s 2023 long-term incentive program. Vesting occurred after the board committee certified that Delta met specific performance criteria defined when the award was granted.

Why were 31,000 Delta (DAL) shares deducted in Allison Ausband’s Form 4?

The 31,000 shares were withheld to pay tax liabilities arising from settlement of the performance restricted stock units. Instead of paying cash, shares were retained at a price of $70.86 each to satisfy withholding obligations approved under Delta’s compensation program.

How many Delta Air Lines shares does Allison Ausband own after these transactions?

After the reported grants, vesting, and tax share withholding on February 4, 2026, Allison C. Ausband directly beneficially owned 143,854 shares of Delta Air Lines common stock, according to the Form 4’s post-transaction ownership column.

Are Allison Ausband’s Delta equity transactions part of a compensation program?

Yes. The 16,470 restricted shares and 69,600 vested performance shares were granted under Delta’s 2026 and 2023 long-term incentive programs. Both grants, and the related tax withholding, were approved by the board’s Personnel & Compensation Committee.