Delta (NYSE: DAL) awards 16,470 restricted shares to tech chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Delta Air Lines granted Chief Digital & Tech Officer Amala Duggirala 16,470 shares of restricted common stock on February 4, 2026 under Delta's 2026 long-term incentive program. The shares will vest according to the award agreement. She also indirectly holds 200 common shares through her spouse.
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 | 16,470 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,470 shares (Direct);
Common Stock — 200 shares (Indirect, By spouse)
Footnotes (1)
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FAQ
What did Delta Air Lines (DAL) disclose about Amala Duggirala in this Form 4?
Delta reported an equity grant to Amala Duggirala. She received 16,470 shares of restricted common stock under Delta’s 2026 long-term incentive program, which will vest according to the award agreement, and she also has 200 common shares reported as indirectly owned through her spouse.
What type of compensation did Amala Duggirala receive from Delta (DAL) on February 4, 2026?
She received restricted stock as equity compensation. On February 4, 2026, Delta granted her 16,470 shares of restricted common stock under its 2026 long-term incentive program, with vesting tied to the terms laid out in the formal award agreement.
Does Amala Duggirala have any indirect ownership of Delta (DAL) stock reported in this filing?
Yes, there is reported indirect ownership through her spouse. The Form 4 shows an indirect holding of 200 shares of Delta common stock categorized as owned “By spouse,” in addition to the directly held restricted stock grant from the 2026 long-term incentive program.
Why is Amala Duggirala’s Delta (DAL) stock grant noted as exempt from Section 16(b)?
The equity grant is exempt under Rule 16b-3(d)(1). Delta’s Personnel & Compensation Committee approved the 16,470-share restricted stock award, and because it was committee-approved, it qualifies for exemption from Section 16(b) short-swing profit rules under this specific regulatory provision.