Delta (NYSE: DAL) tech chief receives 14,080 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delta Air Lines’ Chief Digital & Tech Officer Amala Duggirala received an equity grant of 14,080 shares of Delta common stock on January 12, 2026. The shares are restricted stock awarded at no cash cost to her, classified as an acquisition under insider reporting rules.
After this grant, she beneficially owned 30,550 Delta shares directly, plus 200 shares held indirectly through her spouse. The restricted shares are scheduled to vest in three equal installments on January 12 of 2027, 2028 and 2029, subject to the award’s terms.
The company notes the Form 4 was filed late due to an inadvertent administrative error, and states the grant is exempt from short-swing profit rules under Section 16(b) pursuant to Rule 16b-3(d)(1).
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Duggirala Amala
Role
Chief Digital & Tech Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,080 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 30,550 shares (Direct);
Common Stock — 200 shares (Indirect, By spouse)
Footnotes (1)
- This transaction is being reported late due to an inadvertent administrative error. The shares represent a grant of restricted common stock to Ms. Duggirala, as approved by the Personnel & Compensation Committee of Delta's Board of Directors. Subject to the terms of the award, the restrictions on the shares will lapse in three equal installments on January 12, 2027, 2028 and 2029. This grant is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).
FAQ
What insider transaction did Delta (DAL) report for Amala Duggirala?
Delta reported that Chief Digital & Tech Officer Amala Duggirala received a grant of 14,080 shares of restricted common stock on January 12, 2026. The award increased her direct beneficial ownership to 30,550 Delta shares, plus 200 indirectly held by her spouse.
Why was the Delta (DAL) Form 4 for Amala Duggirala filed late?
The Form 4 notes that the transaction was reported late due to an inadvertent administrative error. This means the January 12, 2026 restricted stock grant was disclosed after the normal deadline because of a filing oversight.
Is Amala Duggirala’s Delta (DAL) stock grant exempt from Section 16(b)?
Yes, the filing states the grant of 14,080 restricted shares to Amala Duggirala is exempt from Section 16(b) short‑swing profit rules under Rule 16b‑3(d)(1), which generally covers board‑approved compensation awards to company insiders.