Delta EVP exercises options, sells 69K shares
DELTA AIR LINES, INC. executive John E. Laughter, EVP & Chief of Operations, exercised employee stock options and sold shares of common stock.
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Form Type
4
Rhea-AI Filing Summary
DELTA AIR LINES, INC. executive John E. Laughter, EVP & Chief of Operations, exercised employee stock options and sold shares of common stock. He exercised options for 13,460 shares at an exercise price of $58.89 per share and 9,080 shares at $39.78 per share, receiving an equal number of common shares. He then sold 69,304 common shares in open-market transactions at a weighted average price of $68.148 per share, with individual sale prices ranging from $67.960 to $68.430 per share. Following these transactions, he directly holds 69,369 shares of Delta common stock.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Laughter John E
Role
EVP & Chief of Operations
Sold
69,304 shs ($4.72M)
Approx. gross sale proceeds
$4.72M
Approx. exercise cost
$1.15M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 13,460 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 9,080 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,460 | $58.89 | $793K |
| Exercise | Common Stock | 9,080 | $39.78 | $361K |
| Sale | Common Stock | 69,304 | $68.148 | $4.72M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 69,369 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 $67.960 to $68.430 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 at $58.89: 13,460 shares at $58.89
Options exercised at $39.78: 9,080 shares at $39.78
Open-market sale volume: 69,304 shares
+3 more
6 metrics
Options exercised at $58.89
13,460 shares at $58.89
Employee stock option exercise into common stock
Options exercised at $39.78
9,080 shares at $39.78
Employee stock option exercise into common stock
Open-market sale volume
69,304 shares
Common stock sold in open-market transactions
Weighted average sale price
$68.148 per share
Average price for 69,304 sold shares
Sale price range
$67.960–$68.430 per share
Range of execution prices across multiple trades
Post-transaction holdings
69,369 shares
Delta common stock held directly after transactions
Key Terms
Employee Stock Option (right to buy), Exercise or conversion of derivative security, weighted average price, open-market sale, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: "Employee Stock Option (right to buy)""
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
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.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
broker-dealer financial
"sold in multiple transactions through a broker-dealer"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did DAL executive John E. Laughter report on this Form 4?
John E. Laughter reported exercising stock options and selling Delta common shares. He exercised options for 13,460 shares at $58.89 and 9,080 shares at $39.78, then sold 69,304 shares in open-market transactions at a weighted average price of $68.148 per share.
What stock options did John E. Laughter exercise in this DAL Form 4 filing?
He exercised two employee stock option grants. One covered 13,460 shares with a $58.89 exercise price, expiring February 4, 2030. The other covered 9,080 shares with a $39.78 exercise price, expiring February 3, 2031. Both options were currently exercisable at the time of the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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