Director at Delta Air Lines (NYSE: DAL) receives 2,380-share stock grant

Rhea-AI Filing Summary

Beck Christophe reported acquisition or exercise transactions in this Form 4 filing.

DELTA AIR LINES, INC. director Christophe Beck received a grant of 2,380 shares of common stock as his annual restricted stock award, valued at $200,000 and approved by the Board on June 18, 2026. Following this award, he directly holds 6,620 shares, in a transaction exempt under Rule 16b-3(d)(1).

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Beck Christophe

Role null

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

Holdings After Transaction: Common Stock — 6,620 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares granted: 2,380 shares Award value: $200,000 Post-transaction holdings: 6,620 shares

3 metrics

Shares granted 2,380 shares Annual restricted stock award to non-employee director on June 18, 2026

Award value $200,000 Standard annual restricted stock award for Delta Air Lines non-employee directors

Post-transaction holdings 6,620 shares Christophe Beck’s direct common stock holdings after the grant

Key Terms

restricted stock award, Rule 16b-3(d)(1), Form 4

3 terms

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.

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

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

Form 4 regulatory

"The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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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^*

Beck Christophe

(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)	6,620	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 Christophe Beck	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 insider transaction did Delta Air Lines (DAL) report for Christophe Beck?

Delta Air Lines reported that director Christophe Beck received 2,380 shares of common stock as an annual restricted stock award. This equity grant is board-approved compensation, not an open-market purchase or sale, and is recorded as an acquisition on the Form 4.

How many Delta Air Lines (DAL) shares does Christophe Beck hold after this Form 4?

After the reported grant, Christophe Beck directly holds 6,620 shares of Delta Air Lines common stock. The Form 4 shows this post-transaction balance, reflecting the addition of the 2,380-share restricted stock award granted on June 18, 2026 as director compensation.

What is the value of Christophe Beck’s restricted stock award at Delta Air Lines (DAL)?

Non-employee Delta Air Lines directors receive an annual restricted stock award valued at $200,000. The 2,380 shares reported for Christophe Beck represent this annual grant, as approved by the Board of Directors, and are treated as equity compensation rather than a cash payment.

Was Christophe Beck’s Delta Air Lines (DAL) share grant an open-market transaction?

No. Christophe Beck’s 2,380-share acquisition is an equity compensation grant, not an open-market trade. The shares were awarded as an annual restricted stock grant to a non-employee director and are noted as exempt under Rule 16b-3(d)(1) on the Form 4 filing.

What does Rule 16b-3(d)(1) exemption mean for this Delta Air Lines (DAL) Form 4?

The Rule 16b-3(d)(1) exemption means the reported share grant is an approved, compensation-related transaction exempt from certain short-swing profit rules. It typically applies to director or officer awards that a company’s board, or an appropriate committee, has formally authorized.