DAL.NYSEDelta Air Lines, INC

Form 4: Delta Air Lines EVP Daniel C. Janki Reports Stock Transaction

Sentiment:

SEC Form 4 Filing

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Delta Air Lines' EVP & Chief Financial Officer, Daniel C. Janki, reports the withholding of 17,445 common stock shares for tax liability upon vesting.

Summary

  • On July 12, 2024, Daniel C. Janki, EVP & Chief Financial Officer of Delta Air Lines, reported a transaction involving Delta's common stock.
  • A total of 17,445 shares were withheld at a price of $43.62 per share.
  • This withholding was for the payment of tax liability upon the vesting of restricted common stock granted on July 19, 2021.
  • Following the transaction, Janki directly owns 187,172 shares of Delta Air Lines common stock.
  • The withholding was approved by the Personnel and Compensation Committee of Delta's Board of Directors and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions, and does not contain any information that would significantly impact sentiment positively or negatively.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

  • The transaction provides transparency to shareholders regarding executive stock ownership and compensation.

Key Dates

DateDescription
07/19/2021Date of the restricted common stock grant.
07/12/2024Date of the reported transaction (stock withholding).
07/15/2024Date of signature on the Form 4 filing.

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