AGÕæÈ˹ٷ½

STOCK TITAN

[Form 4] Delta Air Lines, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 filing overview � Delta Air Lines, Inc. (DAL)

Non-executive board chair David S. Taylor reported the annual equity grant approved by Delta’s board on 19 June 2025 and deemed granted on the next trading day, 20 June 2025, in accordance with the company’s Equity Award Grant Policy. The award consists of 6,780 shares of Delta common stock, designated as a restricted stock award exempt under Rule 16b-3(d)(1). The filing shows the shares were acquired (Transaction code “A�) and directly increase the director’s personal holdings.

Post-transaction holdings

  • Direct ownership: 23,240 shares following the award.
  • Indirect ownership: 99,480 shares held in a Grantor Retained Annuity Trust (GRAT) established for the benefit of the reporting person’s adult children, for which Mr. Taylor serves as trustee and sole annuity recipient.

The restricted stock award is valued at $320,000, reflecting Delta’s annual equity compensation for its non-executive chair. No derivative securities were involved, and no dispositions occurred. The filing was signed on 23 June 2025 by an attorney-in-fact on Mr. Taylor’s behalf.

No other transactions, option exercises, or changes in indirect ownership were reported. Given the scale of Delta’s outstanding share count, the acquisition is routine board compensation rather than a market-moving insider purchase.

Panoramica della presentazione del Modulo 4 � Delta Air Lines, Inc. (DAL)

Il presidente non esecutivo del consiglio, David S. Taylor, ha riportato la concessione annuale di azioni approvata dal consiglio di Delta il 19 giugno 2025 e considerata concessa il giorno di contrattazione successivo, il 20 giugno 2025, in conformità con la Politica di Concessione di Azioni della società. La concessione consiste in 6.780 azioni ordinarie di Delta, designate come azioni vincolate esenti ai sensi della Regola 16b-3(d)(1). La dichiarazione mostra che le azioni sono state acquisite (codice transazione “A�) e aumentano direttamente la partecipazione personale del direttore.

Detenzioni post-transazione

  • Proprietà diretta: 23.240 azioni dopo la concessione.
  • Proprietà indiretta: 99.480 azioni detenute in un Grantor Retained Annuity Trust (GRAT) istituito a beneficio dei figli adulti del dichiarante, per il quale il sig. Taylor svolge il ruolo di fiduciario e unico beneficiario dell’annualità.

Il valore dell’assegnazione di azioni vincolate è di 320.000 $, riflettendo la compensazione azionaria annuale di Delta per il suo presidente non esecutivo. Non sono stati coinvolti titoli derivati e non si sono verificate cessioni. La dichiarazione è stata firmata il 23 giugno 2025 da un procuratore in nome del sig. Taylor.

Non sono state segnalate altre transazioni, esercizi di opzioni o variazioni nella proprietà indiretta. Considerando l’ampiezza del numero di azioni in circolazione di Delta, l’acquisizione rappresenta una normale compensazione del consiglio piuttosto che un acquisto da insider con impatto sul mercato.

Resumen de la presentación del Formulario 4 � Delta Air Lines, Inc. (DAL)

El presidente no ejecutivo del consejo, David S. Taylor, informó la concesión anual de acciones aprobada por el consejo de Delta el 19 de junio de 2025 y considerada otorgada el siguiente día hábil, 20 de junio de 2025, conforme a la Política de Concesión de Acciones de la empresa. La concesión consiste en 6.780 acciones ordinarias de Delta, designadas como una concesión de acciones restringidas exenta bajo la Regla 16b-3(d)(1). La presentación indica que las acciones fueron adquiridas (código de transacción “A�) y aumentan directamente la participación personal del director.

Participaciones posteriores a la transacción

  • Propiedad directa: 23.240 acciones tras la concesión.
  • Propiedad indirecta: 99.480 acciones mantenidas en un Grantor Retained Annuity Trust (GRAT) establecido para beneficio de los hijos adultos del declarante, para el cual el Sr. Taylor actúa como fideicomisario y único beneficiario de la anualidad.

La concesión de acciones restringidas está valorada en 320.000 $, reflejando la compensación anual en acciones de Delta para su presidente no ejecutivo. No se involucraron valores derivados ni se realizaron disposiciones. La presentación fue firmada el 23 de junio de 2025 por un apoderado en nombre del Sr. Taylor.

No se reportaron otras transacciones, ejercicios de opciones ni cambios en la propiedad indirecta. Dada la magnitud del número de acciones en circulación de Delta, la adquisición es una compensación rutinaria del consejo más que una compra relevante de un insider.

Form 4 제출 개요 � Delta Air Lines, Inc. (DAL)

비임ì›� ì´ì‚¬íš� ì˜ìž¥ David S. TaylorëŠ� 2025ë…� 6ì›� 19ì� Delta ì´ì‚¬íšŒì—ì„� 승ì¸ë˜ê³ , 회사ì� ì£¼ì‹ ìˆ˜ì—¬ ì •ì±…ì—� ë”°ë¼ ë‹¤ìŒ ê±°ëž˜ì¼ì¸ 2025ë…� 6ì›� 20ì¼ì— 수여ë� ì—°ê°„ ì£¼ì‹ ìˆ˜ì—¬ ë‚´ì—­ì� 보고했습니다. ì� 수여ëŠ� 6,780ì£¼ì˜ Delta 보통ì£�ë¡� 구성ë˜ë©°, Rule 16b-3(d)(1) 규정ì—� ë”°ë¼ ì œí•œ ì£¼ì‹ ìˆ˜ì—¬ë¡� 지정ë˜ì–� 있습니다. 제출서류ì—는 주ì‹ì� ì·¨ë“ë�(거래 코드 “Aâ€�)으로 표시ë˜ì–´ 있으ë©�, ì´ë¡œ ì¸í•´ ì´ì‚¬ì� ê°œì¸ ë³´ìœ  주ì‹ì� ì§ì ‘ ì¦ê°€í–ˆìŠµë‹ˆë‹¤.

거래 í›� 보유 주ì‹

  • ì§ì ‘ 소유: 수여 í›� 23,240ì£� 보유.
  • ê°„ì ‘ 소유: ë³´ê³ ìžì˜ ì„±ì¸ ìžë…€ë¥� 위해 설립ë� Grantor Retained Annuity Trust(GRAT)ì—� 99,480ì£� 보유, Taylor 씨는 ì‹ íƒ ê´€ë¦¬ìžì´ìž 유ì¼í•� 연금 수령ìžìž…니다.

제한 ì£¼ì‹ ìˆ˜ì—¬ì� 가치는 320,000달러ë¡�, Deltaì� 비임ì›� ì˜ìž¥ì—� 대í•� ì—°ê°„ ì£¼ì‹ ë³´ìƒì•¡ì„ ë°˜ì˜í•©ë‹ˆë‹�. íŒŒìƒ ì¦ê¶Œì€ í¬í•¨ë˜ì§€ 않았으며, 처분ë� 없었습니ë‹�. 제출서는 2025ë…� 6ì›� 23ì� Taylor 씨를 대신한 법률 대리ì¸ì� 서명했습니다.

다른 거래, 옵션 행사 ë˜ëŠ” ê°„ì ‘ 소유 ë³€ê²½ì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�. Deltaì� 발행 ì£¼ì‹ ìˆ� 규모ë¥� ê³ ë ¤í•� ë•�, ì´ë²ˆ ì·¨ë“ì€ ì‹œìž¥ì—� ì˜í–¥ì� 미치ëŠ� ë‚´ë¶€ìž� 매입ì� 아닌 ì¼ìƒì ì¸ ì´ì‚¬íš� ë³´ìƒìž…니ë‹�.

Vue d’ensemble du dépôt du formulaire 4 � Delta Air Lines, Inc. (DAL)

Le président non exécutif du conseil d’administration, David S. Taylor, a déclaré l’attribution annuelle d’actions approuvée par le conseil de Delta le 19 juin 2025 et considérée comme accordée le jour de bourse suivant, le 20 juin 2025, conformément à la politique d’attribution d’actions de la société. L’attribution comprend 6 780 actions ordinaires Delta, désignées comme une attribution d’actions restreintes exemptée en vertu de la règle 16b-3(d)(1). Le dépôt indique que les actions ont été acquises (code de transaction « A ») et augmentent directement les avoirs personnels de l’administrateur.

Détentions après la transaction

  • Possession directe : 23 240 actions après l’attribution.
  • Possession indirecte : 99 480 actions détenues dans un Grantor Retained Annuity Trust (GRAT) établi au bénéfice des enfants adultes du déclarant, pour lequel M. Taylor est le fiduciaire et le seul bénéficiaire de la rente.

La valeur de l’attribution d’actions restreintes est de 320 000 $, reflétant la rémunération annuelle en actions de Delta pour son président non exécutif. Aucun titre dérivé n’a été impliqué et aucune cession n’a eu lieu. Le dépôt a été signé le 23 juin 2025 par un mandataire au nom de M. Taylor.

Aucune autre transaction, exercice d’option ou changement de possession indirecte n’a été signalé. Étant donné l’importance du nombre d’actions en circulation de Delta, cette acquisition constitue une rémunération courante du conseil d’administration plutôt qu’un achat d’initié susceptible d’influencer le marché.

Übersicht zur Form 4 Einreichung � Delta Air Lines, Inc. (DAL)

Der nicht geschäftsführende Aufsichtsratsvorsitzende David S. Taylor meldete die jährliche Aktienzuteilung, die vom Delta-Vorstand am 19. Juni 2025 genehmigt und gemäß der Aktienzuteilungsrichtlinie des Unternehmens am nächsten Handelstag, dem 20. Juni 2025, als gewährt angesehen wurde. Die Zuteilung besteht aus 6.780 Delta-Stammaktien, die als beschränkte Aktienzuteilung gemäß Regel 16b-3(d)(1) ausgewiesen sind. Die Meldung zeigt, dass die Aktien erworben wurden (Transaktionscode „A�) und das persönliche Aktienpaket des Direktors direkt erhöht haben.

Bestände nach der Transaktion

  • Direktbesitz: 23.240 Aktien nach der Zuteilung.
  • Indirekter Besitz: 99.480 Aktien, gehalten in einem Grantor Retained Annuity Trust (GRAT), der zugunsten der erwachsenen Kinder der meldenden Person eingerichtet wurde, wobei Herr Taylor als Treuhänder und alleiniger Rentenempfänger fungiert.

Der Wert der beschränkten Aktienzuteilung beträgt 320.000 $ und spiegelt die jährliche Aktienvergütung von Delta für seinen nicht geschäftsführenden Vorsitzenden wider. Es waren keine Derivate beteiligt und es fanden keine Veräußerungen statt. Die Meldung wurde am 23. Juni 2025 von einem Bevollmächtigten im Namen von Herrn Taylor unterzeichnet.

Es wurden keine weiteren Transaktionen, Optionsausübungen oder Änderungen im indirekten Besitz gemeldet. Angesichts der Größe der ausstehenden Aktienanzahl von Delta stellt der Erwerb eine routinemäßige Vergütung des Vorstands dar und keinen marktbewegenden Insiderkauf.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine board equity grant; negligible ownership impact—neutral for DAL investors.

The filing reflects Delta’s standard annual equity compensation for its non-executive chair. While Mr. Taylor’s direct stake rises 41% to 23,240 shares, the absolute increaseâ€�6,780 shares valued at roughly $0.32 million—is immaterial relative to Delta’s multi-billion-dollar market capitalization and daily trading volume. No open-market purchase occurred, so the transaction does not signal incremental insider conviction. Indirect holdings in the GRAT remain unchanged. Overall, the disclosure is governance-related housekeeping with no material EPS, cash-flow, or strategic implications.

TL;DR: Filing confirms compliance with equity policy; no governance red flags.

Delta’s board followed its Equity Award Grant Policy by deferring the grant date to the next trading day after the June 19 federal holiday, demonstrating procedural rigor. The award is exempt under Rule 16b-3, reducing potential short-swing profit concerns. Placement of family-benefit shares in a GRAT is common estate-planning practice and poses no conflict, as Mr. Taylor retains fiduciary responsibility. From a governance perspective, the disclosure is standard and maintains transparency without altering control dynamics.

Panoramica della presentazione del Modulo 4 � Delta Air Lines, Inc. (DAL)

Il presidente non esecutivo del consiglio, David S. Taylor, ha riportato la concessione annuale di azioni approvata dal consiglio di Delta il 19 giugno 2025 e considerata concessa il giorno di contrattazione successivo, il 20 giugno 2025, in conformità con la Politica di Concessione di Azioni della società. La concessione consiste in 6.780 azioni ordinarie di Delta, designate come azioni vincolate esenti ai sensi della Regola 16b-3(d)(1). La dichiarazione mostra che le azioni sono state acquisite (codice transazione “A�) e aumentano direttamente la partecipazione personale del direttore.

Detenzioni post-transazione

  • Proprietà diretta: 23.240 azioni dopo la concessione.
  • Proprietà indiretta: 99.480 azioni detenute in un Grantor Retained Annuity Trust (GRAT) istituito a beneficio dei figli adulti del dichiarante, per il quale il sig. Taylor svolge il ruolo di fiduciario e unico beneficiario dell’annualità.

Il valore dell’assegnazione di azioni vincolate è di 320.000 $, riflettendo la compensazione azionaria annuale di Delta per il suo presidente non esecutivo. Non sono stati coinvolti titoli derivati e non si sono verificate cessioni. La dichiarazione è stata firmata il 23 giugno 2025 da un procuratore in nome del sig. Taylor.

Non sono state segnalate altre transazioni, esercizi di opzioni o variazioni nella proprietà indiretta. Considerando l’ampiezza del numero di azioni in circolazione di Delta, l’acquisizione rappresenta una normale compensazione del consiglio piuttosto che un acquisto da insider con impatto sul mercato.

Resumen de la presentación del Formulario 4 � Delta Air Lines, Inc. (DAL)

El presidente no ejecutivo del consejo, David S. Taylor, informó la concesión anual de acciones aprobada por el consejo de Delta el 19 de junio de 2025 y considerada otorgada el siguiente día hábil, 20 de junio de 2025, conforme a la Política de Concesión de Acciones de la empresa. La concesión consiste en 6.780 acciones ordinarias de Delta, designadas como una concesión de acciones restringidas exenta bajo la Regla 16b-3(d)(1). La presentación indica que las acciones fueron adquiridas (código de transacción “A�) y aumentan directamente la participación personal del director.

Participaciones posteriores a la transacción

  • Propiedad directa: 23.240 acciones tras la concesión.
  • Propiedad indirecta: 99.480 acciones mantenidas en un Grantor Retained Annuity Trust (GRAT) establecido para beneficio de los hijos adultos del declarante, para el cual el Sr. Taylor actúa como fideicomisario y único beneficiario de la anualidad.

La concesión de acciones restringidas está valorada en 320.000 $, reflejando la compensación anual en acciones de Delta para su presidente no ejecutivo. No se involucraron valores derivados ni se realizaron disposiciones. La presentación fue firmada el 23 de junio de 2025 por un apoderado en nombre del Sr. Taylor.

No se reportaron otras transacciones, ejercicios de opciones ni cambios en la propiedad indirecta. Dada la magnitud del número de acciones en circulación de Delta, la adquisición es una compensación rutinaria del consejo más que una compra relevante de un insider.

Form 4 제출 개요 � Delta Air Lines, Inc. (DAL)

비임ì›� ì´ì‚¬íš� ì˜ìž¥ David S. TaylorëŠ� 2025ë…� 6ì›� 19ì� Delta ì´ì‚¬íšŒì—ì„� 승ì¸ë˜ê³ , 회사ì� ì£¼ì‹ ìˆ˜ì—¬ ì •ì±…ì—� ë”°ë¼ ë‹¤ìŒ ê±°ëž˜ì¼ì¸ 2025ë…� 6ì›� 20ì¼ì— 수여ë� ì—°ê°„ ì£¼ì‹ ìˆ˜ì—¬ ë‚´ì—­ì� 보고했습니다. ì� 수여ëŠ� 6,780ì£¼ì˜ Delta 보통ì£�ë¡� 구성ë˜ë©°, Rule 16b-3(d)(1) 규정ì—� ë”°ë¼ ì œí•œ ì£¼ì‹ ìˆ˜ì—¬ë¡� 지정ë˜ì–� 있습니다. 제출서류ì—는 주ì‹ì� ì·¨ë“ë�(거래 코드 “Aâ€�)으로 표시ë˜ì–´ 있으ë©�, ì´ë¡œ ì¸í•´ ì´ì‚¬ì� ê°œì¸ ë³´ìœ  주ì‹ì� ì§ì ‘ ì¦ê°€í–ˆìŠµë‹ˆë‹¤.

거래 í›� 보유 주ì‹

  • ì§ì ‘ 소유: 수여 í›� 23,240ì£� 보유.
  • ê°„ì ‘ 소유: ë³´ê³ ìžì˜ ì„±ì¸ ìžë…€ë¥� 위해 설립ë� Grantor Retained Annuity Trust(GRAT)ì—� 99,480ì£� 보유, Taylor 씨는 ì‹ íƒ ê´€ë¦¬ìžì´ìž 유ì¼í•� 연금 수령ìžìž…니다.

제한 ì£¼ì‹ ìˆ˜ì—¬ì� 가치는 320,000달러ë¡�, Deltaì� 비임ì›� ì˜ìž¥ì—� 대í•� ì—°ê°„ ì£¼ì‹ ë³´ìƒì•¡ì„ ë°˜ì˜í•©ë‹ˆë‹�. íŒŒìƒ ì¦ê¶Œì€ í¬í•¨ë˜ì§€ 않았으며, 처분ë� 없었습니ë‹�. 제출서는 2025ë…� 6ì›� 23ì� Taylor 씨를 대신한 법률 대리ì¸ì� 서명했습니다.

다른 거래, 옵션 행사 ë˜ëŠ” ê°„ì ‘ 소유 ë³€ê²½ì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�. Deltaì� 발행 ì£¼ì‹ ìˆ� 규모ë¥� ê³ ë ¤í•� ë•�, ì´ë²ˆ ì·¨ë“ì€ ì‹œìž¥ì—� ì˜í–¥ì� 미치ëŠ� ë‚´ë¶€ìž� 매입ì� 아닌 ì¼ìƒì ì¸ ì´ì‚¬íš� ë³´ìƒìž…니ë‹�.

Vue d’ensemble du dépôt du formulaire 4 � Delta Air Lines, Inc. (DAL)

Le président non exécutif du conseil d’administration, David S. Taylor, a déclaré l’attribution annuelle d’actions approuvée par le conseil de Delta le 19 juin 2025 et considérée comme accordée le jour de bourse suivant, le 20 juin 2025, conformément à la politique d’attribution d’actions de la société. L’attribution comprend 6 780 actions ordinaires Delta, désignées comme une attribution d’actions restreintes exemptée en vertu de la règle 16b-3(d)(1). Le dépôt indique que les actions ont été acquises (code de transaction « A ») et augmentent directement les avoirs personnels de l’administrateur.

Détentions après la transaction

  • Possession directe : 23 240 actions après l’attribution.
  • Possession indirecte : 99 480 actions détenues dans un Grantor Retained Annuity Trust (GRAT) établi au bénéfice des enfants adultes du déclarant, pour lequel M. Taylor est le fiduciaire et le seul bénéficiaire de la rente.

La valeur de l’attribution d’actions restreintes est de 320 000 $, reflétant la rémunération annuelle en actions de Delta pour son président non exécutif. Aucun titre dérivé n’a été impliqué et aucune cession n’a eu lieu. Le dépôt a été signé le 23 juin 2025 par un mandataire au nom de M. Taylor.

Aucune autre transaction, exercice d’option ou changement de possession indirecte n’a été signalé. Étant donné l’importance du nombre d’actions en circulation de Delta, cette acquisition constitue une rémunération courante du conseil d’administration plutôt qu’un achat d’initié susceptible d’influencer le marché.

Übersicht zur Form 4 Einreichung � Delta Air Lines, Inc. (DAL)

Der nicht geschäftsführende Aufsichtsratsvorsitzende David S. Taylor meldete die jährliche Aktienzuteilung, die vom Delta-Vorstand am 19. Juni 2025 genehmigt und gemäß der Aktienzuteilungsrichtlinie des Unternehmens am nächsten Handelstag, dem 20. Juni 2025, als gewährt angesehen wurde. Die Zuteilung besteht aus 6.780 Delta-Stammaktien, die als beschränkte Aktienzuteilung gemäß Regel 16b-3(d)(1) ausgewiesen sind. Die Meldung zeigt, dass die Aktien erworben wurden (Transaktionscode „A�) und das persönliche Aktienpaket des Direktors direkt erhöht haben.

Bestände nach der Transaktion

  • Direktbesitz: 23.240 Aktien nach der Zuteilung.
  • Indirekter Besitz: 99.480 Aktien, gehalten in einem Grantor Retained Annuity Trust (GRAT), der zugunsten der erwachsenen Kinder der meldenden Person eingerichtet wurde, wobei Herr Taylor als Treuhänder und alleiniger Rentenempfänger fungiert.

Der Wert der beschränkten Aktienzuteilung beträgt 320.000 $ und spiegelt die jährliche Aktienvergütung von Delta für seinen nicht geschäftsführenden Vorsitzenden wider. Es waren keine Derivate beteiligt und es fanden keine Veräußerungen statt. Die Meldung wurde am 23. Juni 2025 von einem Bevollmächtigten im Namen von Herrn Taylor unterzeichnet.

Es wurden keine weiteren Transaktionen, Optionsausübungen oder Änderungen im indirekten Besitz gemeldet. Angesichts der Größe der ausstehenden Aktienanzahl von Delta stellt der Erwerb eine routinemäßige Vergütung des Vorstands dar und keinen marktbewegenden Insiderkauf.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Taylor David S

(Last) (First) (Middle)
C/O DELTA AIR LINES, INC., DEPT. 981
1030 DELTA BOULEVARD

(Street)
ATLANTA GA 30354

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DELTA AIR LINES, INC. [ DAL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/20/2025 A 6,780(1) A (1) 23,240 D
Common Stock 99,480(2) I By grantor retained annuity trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Delta's non-executive chair of the Board of Directors receives an annual restricted stock award valued at $320,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 19, 2025. Because June 19, 2025 was a federal holiday, the grant date for the restricted stock award is deemed to be the next trading day (Friday, June 20, 2025) in accordance with Delta's Equity Award Grant Policy. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).
2. The shares are held in a Grantor Retained Annuity Trust (the "GRAT") for the benefit of the Reporting Person's adult children. The Reporting Person is the trustee of the GRAT, and the sole recipient of the annuity payments made by the GRAT.
/s/ Alan T. Rosselot, as attorney-in-fact for David S. Taylor 06/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Delta Air Lines (DAL) shares did David S. Taylor acquire in the Form 4?

He acquired 6,780 shares of common stock as a restricted stock award.

What was the transaction date reported in the Form 4 for DAL?

The deemed grant date is 20 June 2025, the trading day after the board approval on 19 June 2025.

What is David S. Taylor’s total direct DAL shareholding after the transaction?

His direct ownership increased to 23,240 shares.

How many DAL shares does the Grantor Retained Annuity Trust hold?

The GRAT holds 99,480 Delta shares, unchanged by this filing.

What is the reported value of the restricted stock award to the non-executive chair?

Delta values the annual restricted stock award at $320,000.
Delta Air Lines Inc Del

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Airlines
Air Transportation, Scheduled
United States
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