Delta Air Lines (DAL) director Greg Creed awarded $200K in restricted stock
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Creed Greg
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,380 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,620 shares (Direct, null);
Common Stock — 30,910 shares (Indirect, By Trust)
Footnotes (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). 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
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.
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.