Delta Air Lines (NYSE: DAL) CEO sells 206,510 shares after option exercise
Rhea-AI Filing Summary
Delta Air Lines Chief Executive Officer Edward H. Bastian exercised an employee stock option for 206,510 shares of common stock at $49.3300 per share, then sold the same number of shares at a broker-dealer–executed, weighted-average price of $92.7960 per share, reducing option shares under this grant to zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 206,510 shares ($8.98M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Bastian Edward H
Role
Chief Executive Officer
Sold
206,510 shs ($19.16M)
Approx. gross sale proceeds
$19.16M
Approx. exercise cost
$10.19M
Approx. pre-tax spread
$8.98M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F2 | 206,510 | $0.00 | $0.00 |
| Exercise | Common Stock | 206,510 | $49.33 | $10.19M |
| Sale | Common Stock F1 | 206,510 | $92.796 | $19.16M |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 1,363,448 shares (Direct)
Footnotes (2)
- F1. The price reported in column 4 is a weighted average price. The reported shares were sold in multiple transactions through a broker-dealer at prices ranging from $92.380 to $93.080 per share, inclusive. The Reporting Person undertakes to provide, upon request, details regarding the number of shares sold at each separate price to the Staff of the Securities and Exchange Commission, Delta Air Lines, Inc., or a security holder of Delta Air Lines, Inc.
- F2. The option is currently exercisable.
Key Figures
Option shares exercised: 206,510 shares
Option exercise price: $49.3300 per share
Common shares sold: 206,510 shares
+3 more
6 metrics
Option shares exercised
206,510 shares
Employee stock option converted into common stock on 2026-08-04
Option exercise price
$49.3300 per share
Exercise price of the employee stock option
Common shares sold
206,510 shares
Shares of common stock sold on 2026-08-04
Weighted-average sale price
$92.7960 per share
Weighted-average sale price via broker-dealer, per footnote F1
Sale price range
$92.380–$93.080 per share
Range of individual sale prices in broker-dealer transactions
Option expiration date
2027-02-08
Stated expiration date of the employee stock option
Key Terms
Employee Stock Option (right to buy), weighted average price, broker-dealer, derivative security
4 terms
Employee Stock Option (right to buy) financial
"Security title listed as "Employee Stock Option (right to buy)""
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
broker-dealer financial
"The reported shares were sold in multiple transactions through a broker-dealer"
A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.
derivative security financial
"Transaction code description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Delta Air Lines (DAL) report for its CEO?
Delta’s CEO Edward H. Bastian exercised an employee stock option for 206,510 common shares at $49.3300 per share and then sold all 206,510 shares the same day at a weighted-average price of $92.7960 per share through a broker-dealer.
What option did the Delta (DAL) CEO exercise in this Form 4 filing?
Bastian exercised an Employee Stock Option covering 206,510 underlying shares of Delta common stock at an exercise price of $49.3300 per share. The option is described as currently exercisable and carried an expiration date of 2027-02-08 before this exercise.
Were the Delta (DAL) CEO’s trades made under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, and the footnotes do not mention any trading plan. Based on this disclosure, the reported option exercise and related share sales are not identified as transactions pursuant to a Rule 10b5-1 trading arrangement.
Did the Delta (DAL) CEO retain any options from this specific grant after the transaction?
For this employee stock option grant, the Form 4 reports 0 shares remaining following the exercise, meaning the entire 206,510-share option was exercised. The derivative position tied to this specific option grant was fully eliminated in the reported transaction.