4//SEC Filing
Lentsch William P 4
Accession 0001683168-20-000415
CIK 0000027904other
Filed
Feb 6, 7:00 PM ET
Accepted
Feb 7, 8:39 PM ET
Size
11.9 KB
Accession
0001683168-20-000415
Insider Transaction Report
Form 4
Lentsch William P
EVP - Flying/Air Operations
Transactions
- Award
Common Stock
2020-02-05+10,569→ 58,678 total - Tax Payment
Common Stock
2020-02-05$58.89/sh−3,757$221,250→ 54,921 total - Award
Common Stock
2020-02-05+15,710→ 70,631 total - Award
Employee Stock Option (right to buy)
2020-02-05+46,260→ 46,260 totalExercise: $50.52From: 2020-02-05Exp: 2029-02-05→ Common Stock (46,260 underlying)
Footnotes (4)
- [F1]Settlement of performance awards granted under Delta's 2017 long-term incentive program which were earned effective February 5, 2020. The grant of the performance awards was approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
- [F2]Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2017 long-term incentive program. This withholding was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e).
- [F3]The Committee granted Mr. Lentsch 15,710 shares of restricted common stock under Delta's 2020 long-term incentive program. The shares will vest pursuant to the terms of the award agreement. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
- [F4]On February 6, 2019, the Committee granted Mr. Lentsch an option to purchase 46,260 shares of common stock. The option vests based on Delta's satisfaction of certain performance criteria. Because the performance criteria were met, the option as to 15,420 shares vested, and the option for the remaining 30,840 shares will vest in equal installments on February 1, 2021 and February 1, 2022. The performance criteria was certified by the Committee on February 5, 2020. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d).
Documents
Issuer
DELTA AIR LINES, INC.
CIK 0000027904
Entity typeother
Related Parties
1- filerCIK 0001752218
Filing Metadata
- Form type
- 4
- Filed
- Feb 6, 7:00 PM ET
- Accepted
- Feb 7, 8:39 PM ET
- Size
- 11.9 KB