Delta Air Lines (DAL) SVP receives 740-share restricted stock grant

Rhea-AI Filing Summary

McConnell Julia Ann reported acquisition or exercise transactions in this Form 4 filing.

DELTA AIR LINES, INC. senior vice president, controller and chief accounting officer Julia Ann McConnell received a grant of 740 shares of common stock as part of Delta’s 2026 long-term incentive program. This equity award was approved by the Personnel & Compensation Committee of the board.

The shares are granted as restricted common stock and will vest according to the terms of the award agreement, meaning McConnell must satisfy specified conditions before fully owning them. Following this grant, she directly holds 18,728 shares of Delta common stock. The grant is compensation-related and was made at no cash cost to her.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider McConnell Julia Ann

Role SVP, Controller & CAO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	740	$0.00	--

Holdings After Transaction: Common Stock — 18,728 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted stock grant: 740 shares Shares held after grant: 18,728 shares Grant price per share: $0.0000 per share

3 metrics

Restricted stock grant 740 shares Award under Delta’s 2026 long-term incentive program

Shares held after grant 18,728 shares Direct common stock holdings after transaction

Grant price per share $0.0000 per share Compensation grant, no cash paid by insider

Key Terms

restricted common stock, long-term incentive program, Section 16(b), Rule 16b-3(d)(1)

4 terms

restricted common stock financial

"granted Ms. McConnell 740 shares of restricted common stock under Delta's 2026 long-term incentive program"

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

long-term incentive program financial

"740 shares of restricted common stock under Delta's 2026 long-term incentive program"

Section 16(b) regulatory

"This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

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

"exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1)"

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^*

McConnell Julia Ann

(Last) (First) (Middle)

C/O DELTA AIR LINES, INC., DEPT. 981

1030 DELTA BLVD.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Controller & CAO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2026

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	04/22/2026		A		740(1)	A	(1)	18,728	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. The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Ms. McConnell 740 shares of restricted common stock under Delta's 2026 long-term incentive program. The shares will vest pursuant to the terms of the award agreement. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).

	/s/ Alan T. Rosselot, as attorney-in-fact for Julia Ann McConnell	04/24/2026
	** 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 Julia Ann McConnell?

Delta Air Lines reported that SVP, Controller & CAO Julia Ann McConnell received a grant of 740 shares of restricted common stock. This award is part of Delta’s 2026 long-term incentive program and was approved by the board’s Personnel & Compensation Committee.

Is the Delta Air Lines (DAL) Form 4 transaction a stock purchase or a compensation grant?

The Form 4 shows a compensation-related grant, not an open-market stock purchase. Julia Ann McConnell received 740 restricted common shares at no cash cost as part of Delta’s 2026 long-term incentive program, approved by the Personnel & Compensation Committee.

How many Delta Air Lines (DAL) shares does Julia Ann McConnell hold after the reported grant?

After the reported grant, Julia Ann McConnell directly holds 18,728 shares of Delta Air Lines common stock. This reflects her position after receiving 740 restricted shares awarded under Delta’s 2026 long-term incentive program, as disclosed in the Form 4 filing.

What are the key terms of Julia Ann McConnell’s restricted stock award at Delta Air Lines (DAL)?

The award consists of 740 shares of restricted common stock under Delta’s 2026 long-term incentive program. These shares will vest according to the award agreement’s terms, meaning McConnell must meet specified conditions before the shares become fully unrestricted.

Who approved the restricted stock grant to Julia Ann McConnell at Delta Air Lines (DAL)?

The grant to Julia Ann McConnell was approved by Delta Air Lines’ Personnel & Compensation Committee of the board of directors. The committee granted 740 restricted common shares under the 2026 long-term incentive program, and the award is exempt from Section 16(b) under Rule 16b-3(d)(1).