Form 4: Delta Air Lines Executive Rahul D. Samant Sells 10,000 Shares
SEC Form 4 Filing
EVP & Chief Info Officer of Delta Air Lines, Rahul D. Samant, sold 10,000 shares of common stock at an average price of $58.533 per share on October 30, 2024.
Summary
- On October 30, 2024, Rahul D. Samant, the EVP & Chief Information Officer of Delta Air Lines, sold 10,000 shares of Delta Air Lines common stock.
- The shares were sold at a weighted average price of $58.533 per share, with individual transactions ranging from $58.530 to $58.550.
- Following the transaction, Samant directly owns 64,163 shares of Delta Air Lines common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing for an executive stock sale. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are publicly disclosed to ensure transparency and prevent insider trading. The sale itself doesn't necessarily indicate a negative outlook for the company, as executives may sell shares for various personal financial reasons.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 10/30/2024 | Date of the stock sale transaction. |
| 10/31/2024 | Date of the Form 4 filing. |
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