Samant Rahul D's Form 4 filing
Delta Air Lines, Inc. (DAL) · filed Feb 7, 2025
- Accession no.
- 0001683168-25-000832
- Filed
- Feb 7, 2025
- Trade date
- Feb 5, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 6 non-derivative transactions and 1 derivative transaction. Open-market sales total $1.24M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Samant Rahul DCIK 0001726120 | Officer (EVP & Chief Info Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 5, 2025 | Common Stock | SSaleDisposed | −6,700 | $69.07 | −$462,769 | 35,889 | Direct | |
| Feb 5, 2025 | Common Stock | MOption exerciseAcquired | +11,270 | $49.33 | +$555,949.1 | 47,159 | Direct | |
| Feb 5, 2025 | Common Stock | SSaleDisposed | −11,270 | $69.09F1 | −$778,644.3 | 35,889 | Direct | |
| Feb 5, 2025 | Common Stock | AGrant or awardAcquired | +16,900 | –F2 | – | 52,789 | Direct | |
| Feb 5, 2025 | Common Stock | AGrant or awardAcquired | +68,809 | –F3 | – | 121,598 | Direct | |
| Feb 5, 2025 | Common Stock | FTax withholdingDisposed | −30,786 | $69.06 | −$2,126,081.16 | 90,812 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 5, 2025 | Common Stock | MOption exerciseDisposed | −11,270 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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 $69.070 to $69.130 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.
Referenced by the price of 1 transaction in Table I.
- F2
The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Samant 16,900 shares of restricted common stock under Delta's 2025 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 (the "Exchange Act") under Rule 16b-3(d)(1).
Referenced by the price of 1 transaction in Table I.
- F3
Shares earned pursuant to vesting of Performance Restricted Stock Units ("PRSUs") granted under Delta's 2022 long-term incentive program, upon certification by the Committee on February 5, 2025 of Delta's satisfaction of certain performance criteria specified for the award at time of grant. This grant was approved by the Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
Referenced by the price of 1 transaction in Table I.