Form 4: Delta Air Lines Director Sergio Rial Reports Stock Transaction
SEC Form 4 Filing
Director Sergio Rial reports a transaction involving Delta Air Lines common stock related to tax liability upon vesting of a restricted stock award.
Summary
- On June 14, 2024, Sergio Rial, a director of Delta Air Lines, engaged in a transaction involving the company's common stock.
- The transaction involved the withholding of 1,332 shares to cover tax liabilities arising from the vesting of a restricted stock award granted on June 15, 2023.
- The shares were withheld at a price of $48.72 per share, based on Delta's closing stock price on June 14, 2024, the business day preceding the vesting date.
- Following the transaction, Rial directly owns 29,001 shares of Delta Air Lines common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/15/2023 | Date of restricted stock award grant. |
| 06/14/2024 | Date of transaction (shares withheld for tax liability). |
| 06/15/2024 | Vesting date of the restricted stock award. |
| 06/17/2024 | Date of Form 4 filing. |
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