Form 4: Delta Air Lines Director Greg Creed Receives Annual Restricted Stock Award
Insider Transaction Report
Delta Air Lines Director Greg Creed was granted 4,240 shares of common stock as part of his annual restricted stock award, increasing his beneficial ownership.
Summary
- Greg Creed, a Director of Delta Air Lines, Inc. (DAL), acquired 4,240 shares of common stock.
- This acquisition represents an annual restricted stock award for non-employee members of Delta's Board of Directors, valued at $200,000.
- The award was approved by the Board of Directors on June 19, 2025, but the grant date was deemed June 20, 2025, the next trading day, due to June 19, 2025, being a federal holiday, in accordance with Delta's Equity Award Grant Policy.
- The transaction is exempt under Rule 16b-3(d)(1) of the Securities Exchange Act.
- Following this transaction, Mr. Creed directly beneficially owns 8,280 shares and indirectly beneficially owns 26,870 shares through the Creed Revocable Living Trust.
Sentiment
Score: 7
Explanation: The document reports a routine, expected equity award to a director, which is generally a neutral to slightly positive event as it aligns director interests with shareholders. No negative information is present.
Positives
- Director Greg Creed received an annual restricted stock award, aligning his interests with those of shareholders.
- The award, valued at $200,000, is a standard component of compensation for non-employee directors, reflecting ongoing commitment to corporate governance.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of insider trading activity, specifically director compensation in the form of equity. It does not provide broader industry context or trends for the airline sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Policy Adherence | The restricted stock award was granted in accordance with Delta's Equity Award Grant Policy, which dictates the grant date in case of federal holidays. | 06/20/2025 | Demonstrates adherence to established corporate governance policies regarding director compensation and equity awards. |
Related Party Transactions
- Shares are indirectly held by the Creed Revocable Living Trust, of which Mr. Creed and his wife are co-trustees, indicating a related party beneficial ownership.
Stakeholder Impact
- Shareholders: The equity award to a director increases alignment between management and shareholder interests.
- Employees: No direct impact on employees is mentioned.
- Customers/Suppliers/Creditors: No direct impact on these stakeholders is mentioned.
Key Dates
| Date | Description |
|---|---|
| 06/19/2025 | Date the restricted stock award was approved by the Board of Directors. |
| 06/20/2025 | Deemed grant date for the restricted stock award, the next trading day after Board approval due to a federal holiday. |
| 06/23/2025 | Date the Form 4 was signed by Alan T. Rosselot as attorney-in-fact for Greg Creed. |
Keywords
Delta Air Lines, DAL, Greg Creed, SEC Form 4, restricted stock award, director compensation, beneficial ownership, equity award
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