Delta Air Lines Inc Del SEC Filings

Form 4 filing overview – Delta Air Lines, Inc. (DAL)

Non-executive board chair David S. Taylor reported the annual equity grant approved by Delta’s board on 19 June 2025 and deemed granted on the next trading day, 20 June 2025, in accordance with the company’s Equity Award Grant Policy. The award consists of 6,780 shares of Delta common stock, designated as a restricted stock award exempt under Rule 16b-3(d)(1). The filing shows the shares were acquired (Transaction code “A”) and directly increase the director’s personal holdings.

Post-transaction holdings

• Direct ownership: 23,240 shares following the award.
• Indirect ownership: 99,480 shares held in a Grantor Retained Annuity Trust (GRAT) established for the benefit of the reporting person’s adult children, for which Mr. Taylor serves as trustee and sole annuity recipient.

The restricted stock award is valued at $320,000, reflecting Delta’s annual equity compensation for its non-executive chair. No derivative securities were involved, and no dispositions occurred. The filing was signed on 23 June 2025 by an attorney-in-fact on Mr. Taylor’s behalf.

No other transactions, option exercises, or changes in indirect ownership were reported. Given the scale of Delta’s outstanding share count, the acquisition is routine board compensation rather than a market-moving insider purchase.

Delta Air Lines (DAL) – Form 4 filing dated 23 Jun 2025 documents an insider equity grant to director Michael P. Huerta.

• Transaction date: 20 Jun 2025 (next trading day after the 19 Jun 2025 federal holiday).
• Securities acquired: 4,240 shares of Delta common stock designated as an annual restricted stock award for non-employee directors.
• Grant value: Board-approved award is valued at $200,000 (per explanatory footnote); price per share is not disclosed.
• Post-transaction ownership: Huerta now beneficially owns 35,745 Delta shares, held directly.
• The acquisition was made under Rule 16b-3(d)(1), providing an exemption for director compensation awards.

No derivative securities were reported, and there is no indication of open-market buying or selling. The filing is routine, reflecting annual board compensation and modestly increasing insider alignment without signalling a strategic shift.

Delta Air Lines, Inc. (DAL) — Form 4 insider filing

Non-employee director David G. DeWalt received an annual restricted stock award of 4,240 DAL common shares on 20 June 2025. The grant, valued at approximately $200,000 and approved by the board on 19 June (a federal holiday), was effected the next trading day per Delta’s equity-grant policy. Classified as an acquisition (code “A”) exempt under Rule 16b-3, the award lifts DeWalt’s direct beneficial stake to 83,490 shares. No shares were sold or transferred.

This is a routine equity-based compensation event for board members and is not expected to materially influence Delta’s share count, cash flows, or market sentiment.

Form 4 Overview – Delta Air Lines (DAL)

On 20 June 2025, non-employee director Willie C.W. Chiang received 4,240 shares of Delta Air Lines common stock as his annual restricted stock award, a grant valued by the company at roughly $200,000. The board approved the award on 19 June 2025, but because that date was a U.S. federal holiday, Delta’s equity-grant policy shifted the effective grant date to the next trading day.

After the transaction, Mr. Chiang’s direct holdings increased to 8,280 shares. He also maintains indirect beneficial ownership of 20,000 shares held in the Chiang 2014 Management Trust, for which he and his spouse act as co-trustees. The filing was made under Rule 16b-3(d)(1), classifying the grant as exempt from short-swing profit rules.

The disclosure is an administrative record of routine board compensation; it does not involve open-market buying or selling and has no effect on Delta’s capital structure. Given Delta’s share count (≈640 million outstanding), the additional 4,240 shares are immaterial to float, insider-ownership percentage, and valuation. Nonetheless, the grant modestly tightens alignment between the director and shareholders by increasing his equity exposure.

Key Takeaway: Delta Air Lines (DAL) filed a Form 4 reporting that non-employee director Christophe Beck acquired 4,240 shares of common stock on 20-Jun-2025.

The shares represent the board-approved $200,000 annual restricted stock award for outside directors. Because 19-Jun-2025 was a U.S. federal holiday, the grant date rolled to the next trading day, 20-Jun-2025, in accordance with Delta’s Equity Award Grant Policy. The transaction was coded “A” (acquisition) and is exempt under Rule 16b-3.

Following the grant, Beck’s directly-held position stands at 4,240 shares. No sales, options, or other derivative securities were reported, and there is no impact on Delta’s capital structure. The filing reflects routine director compensation rather than a discretionary open-market purchase.

Delta Air Lines (DAL) – Form 4 insider filing

Director Kathy N. Waller received an annual restricted-stock award of 4,240 common shares on 20 Jun 2025, as approved by the Board the prior day. The award, valued at roughly $200,000, was granted under Delta’s equity-award policy and is exempt from short-swing profit rules (Rule 16b-3). Following the grant, Waller’s direct beneficial ownership rises to 46,120 DAL shares. Because the shares were awarded rather than bought on the open market, the transaction is considered routine director compensation; however, it modestly strengthens insider alignment with shareholders.