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Delta Air Lines (NYSE: DAL) director gets stock grant with tax share withholding

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Director Sergio Rial received an annual restricted stock award of 2,380 shares of Delta Air Lines common stock on June 18, 2026, as part of non-employee director compensation valued at $200,000. To cover related tax obligations, 1,272 shares were withheld at $84.18 per share. After these compensation and tax-withholding transactions, he directly holds 34,797 shares of Delta common stock.

Positive

  • None.

Negative

  • None.
Insider Rial Sergio
Role null
Type Security Shares Price Value
Tax Withholding Common Stock 1,272 $84.18 $107K
Grant/Award Common Stock 2,380 $0.00 --
Holdings After Transaction: Common Stock — 34,797 shares (Direct, null)
Footnotes (1)
  1. Shares withheld for payment of tax liability upon vesting of the restricted stock award granted on June 20, 2025. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors and is exempt under Rules 16b-3(d)(1) and 16b-3(e). 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).
Restricted stock award 2,380 shares Annual restricted stock grant to non-employee director on June 18, 2026
Award value $200,000 Value of annual restricted stock award for non-employee Delta directors
Tax-withheld shares 1,272 shares Shares withheld to pay tax liability upon vesting of prior restricted stock
Withholding price $84.18/share Value used for 1,272 shares withheld for tax obligations
Shares held after transactions 34,797 shares Direct Delta common stock holdings after grant and tax withholding
restricted stock award financial
"Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $200,000."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
tax liability financial
"Shares withheld for payment of tax liability upon vesting of the restricted stock award granted on June 20, 2025."
Rule 16b-3(d)(1) regulatory
"This withholding was approved by the Personnel & Compensation Committee ... and is exempt under Rules 16b-3(d)(1) and 16b-3(e)."
Rule 16b-3(e) regulatory
"This withholding was approved by the Personnel & Compensation Committee ... and is exempt under Rules 16b-3(d)(1) and 16b-3(e)."
non-employee members of Delta's Board of Directors financial
"Non-employee members of Delta's Board of Directors receive an annual restricted stock award valued at $200,000."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Rial Sergio
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/18/2026F1,272(1)D$84.1834,797D
Common Stock06/18/2026A2,380(2)A(2)37,177D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares withheld for payment of tax liability upon vesting of the restricted stock award granted on June 20, 2025. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors and is exempt under Rules 16b-3(d)(1) and 16b-3(e).
2. 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 Sergio Rial06/22/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Delta Air Lines (DAL) director Sergio Rial report in this Form 4?

Director Sergio Rial reported an annual restricted stock award of 2,380 Delta common shares and a related tax-withholding disposition of 1,272 shares. These transactions are part of his non-employee director equity compensation and associated tax obligations approved by Delta’s board committees.

How many Delta (DAL) shares did Sergio Rial receive as equity compensation?

Sergio Rial received 2,380 shares of Delta common stock as his annual restricted stock award. The award is described as being valued at $200,000 for non-employee board members and was approved by Delta’s Board of Directors on June 18, 2026 under its compensation framework.

Why were 1,272 Delta (DAL) shares withheld from Sergio Rial’s award?

Delta withheld 1,272 shares from Sergio Rial’s holdings to pay tax liabilities arising when his restricted stock vested. The shares were valued at $84.18 each, and the withholding was approved by the Personnel & Compensation Committee under exemptions provided by SEC Rule 16b-3 provisions.

How many Delta (DAL) shares does Sergio Rial hold after these Form 4 transactions?

Following the grant and tax-withholding transactions, Sergio Rial directly holds 34,797 shares of Delta common stock. His reported holdings reflect a routine update to his position after receiving the annual restricted stock award and settling associated tax obligations through share withholding.

Is Sergio Rial’s Delta (DAL) Form 4 a market purchase or sale of shares?

The Form 4 does not show an open-market purchase or sale by Sergio Rial. It reports a grant of restricted stock as director compensation and a tax-withholding disposition where shares were delivered to cover tax liabilities, both categorized as exempt transactions under SEC Rule 16b-3 provisions.