Delta Air Lines (DAL) director receives 2,380-share restricted stock grant as annual award

Rhea-AI Filing Summary

DELTA AIR LINES, INC. director Michael P. Huerta received a grant of 2,380 shares of common stock as an annual restricted stock award approved by the board on June 18, 2026. This compensation-related award increased his direct holdings to 35,625 shares and was acquired at no cash cost to him under an exempt Rule 16b-3(d)(1) transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider HUERTA MICHAEL P

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,380	$0.00	--

Holdings After Transaction: Common Stock — 35,625 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 2,380 shares Holdings after grant: 35,625 shares Award value: $200,000 +1 more

4 metrics

Restricted stock grant 2,380 shares Annual director award approved June 18, 2026

Holdings after grant 35,625 shares Direct ownership following the June 18, 2026 award

Award value $200,000 Annual restricted stock award for non-employee Delta directors

Reported price per share $0.0000 Indicates non-cash equity compensation grant, not a market purchase

Key Terms

restricted stock, Rule 16b-3(d)(1), annual restricted stock award

3 terms

restricted stock financial

"Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $200,000."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Rule 16b-3(d)(1) regulatory

"The shares were acquired in a transaction exempt under Rule 16b-3(d)(1)."

annual restricted stock award financial

"The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 18, 2026."

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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
Estimated average burden
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^*

HUERTA MICHAEL P

(Last) (First) (Middle)

C/O DELTA AIR LINES, INC., DEPT. 981

1030 DELTA BOULEVARD

(Street)

ATLANTA GEORGIA 30354

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DELTA AIR LINES, INC. [ DAL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/18/2026		A		2,380(1)	A	(1)	35,625	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. Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $200,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 18, 2026. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).

	/s/ Alan T. Rosselot, as attorney-in-fact for Michael P. Huerta	06/22/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Delta Air Lines (DAL) director Michael Huerta report on this Form 4?

Director Michael Huerta reported receiving 2,380 shares of Delta Air Lines common stock as an annual restricted stock award. The grant was board-approved on June 18, 2026 and represents non-cash equity compensation, increasing his direct ownership position in the company.

How many Delta Air Lines (DAL) shares does Michael Huerta hold after this grant?

After the award, Michael Huerta directly holds 35,625 shares of Delta Air Lines common stock. This reflects the addition of 2,380 restricted shares granted as part of his annual compensation for serving as a non-employee member of the company’s board of directors.

What is the value of the restricted stock award reported by Delta Air Lines (DAL)?

The filing notes that non-employee Delta Air Lines directors receive an annual restricted stock award valued at $200,000. The 2,380 shares reported in this Form 4 constitute Michael Huerta’s annual grant, providing equity-based compensation instead of cash while aligning his interests with shareholders.

Was cash paid for the Delta Air Lines (DAL) shares granted to Michael Huerta?

No cash was paid for these shares; the transaction price per share is reported as $0.0000. The 2,380 restricted shares were granted as part of Michael Huerta’s annual board compensation, functioning as a stock-based award rather than a market purchase of Delta Air Lines stock.

Under what SEC rule was Michael Huerta’s Delta Air Lines (DAL) stock grant exempt?

The award was acquired in a transaction exempt under Rule 16b-3(d)(1). This rule generally provides an exemption from short-swing profit rules for certain insider transactions that are approved by a company’s board, such as director compensation awards in the form of restricted stock.