Delta director gets $200K restricted stock grant

Creed Greg reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Creed Greg reported acquisition or exercise transactions in this Form 4 filing.

DELTA AIR LINES, INC. director Greg Creed reported an equity compensation grant rather than an open-market trade. On June 18, 2026, he received 2,380 shares of common stock as an annual restricted stock award valued at $200,000, approved by the Board of Directors and exempt under Rule 16b-3(d)(1). Following the grant, he holds 6,620 common shares directly and 30,910 common shares indirectly through the Creed Revocable Living Trust, where he and his wife serve as co-trustees. This filing reflects routine board compensation and updated ownership levels, with no reported open-market buying or selling.

Insider Trade Summary

Grant/Award: 2,380 shares

Grant/Award 2 txns

Insider Creed Greg

Role Director

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

Holdings After Transaction: Common Stock — 6,620 shares (Direct); Common Stock — 30,910 shares (Indirect, By Trust)

Footnotes (2)

1. F1. 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).
2. F2. The shares are held by the Creed Revocable Living Trust, of which Mr. Creed and his wife are co-trustees.

Key Figures

Restricted stock grant: 2,380 shares Award value: $200,000 Direct holdings after grant: 6,620 shares +1 more

4 metrics

Restricted stock grant 2,380 shares Annual restricted stock award on June 18, 2026

Award value $200,000 Value of non-employee director annual restricted stock award

Direct holdings after grant 6,620 shares Common stock held directly by Greg Creed following the transaction

Indirect trust holdings 30,910 shares Common stock held by Creed Revocable Living Trust

Key Terms

restricted stock award, Rule 16b-3(d)(1), Revocable Living Trust

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)."

Revocable Living Trust financial

"The shares are held by the Creed Revocable Living Trust, of which Mr. Creed and his wife are co-trustees."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Greg Creed report at Delta Air Lines (DAL)?

Greg Creed reported an equity compensation grant, not a market trade. He received 2,380 shares of Delta common stock as his annual restricted stock award, reflecting routine board compensation approved by the Board of Directors on June 18, 2026.

How large was Greg Creed’s 2026 restricted stock award at Delta (DAL)?

Greg Creed’s 2026 award was valued at $200,000 and consisted of 2,380 Delta common shares. The award represents the standard annual restricted stock grant provided to non-employee Delta board members as part of their director compensation program.

Did Greg Creed buy or sell Delta Air Lines (DAL) shares in this Form 4?

He did not report any open-market purchases or sales. The filing shows a grant of 2,380 restricted shares as compensation and one holding entry, updating his direct and indirect ownership without recording any market-based buying or selling activity.

What are Greg Creed’s Delta (DAL) share holdings after this Form 4 transaction?

After the grant, Greg Creed holds 6,620 Delta common shares directly. He also has indirect ownership of 30,910 common shares held by the Creed Revocable Living Trust, where he and his wife act as co-trustees overseeing the trust’s assets.

How are Greg Creed’s indirect Delta (DAL) shares held?

Indirect holdings are maintained through the Creed Revocable Living Trust. The Form 4 states that Creed and his wife are co-trustees of this trust, which holds 30,910 Delta common shares, updating the total indirect ownership reported in the filing.

Why is the Delta (DAL) Form 4 grant to Greg Creed exempt under Rule 16b-3(d)(1)?

The award is exempt because it is a board-approved, compensation-related grant to a non-employee director. The Form 4 notes the 2,380-share restricted stock award was acquired in a transaction exempt under Rule 16b-3(d)(1) governing certain insider compensation arrangements.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/22/2026 - 04:45 PM Learn about SEC filing dates

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^*

Creed Greg

(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
Common Stock								30,910(2)	I	By Trust

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).

2. The shares are held by the Creed Revocable Living Trust, of which Mr. Creed and his wife are co-trustees.

	/s/ Alan T. Rosselot as attorney-in-fact for Greg Creed	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)