Lentsch William P 4
4 · DELTA AIR LINES, INC. · Filed Feb 5, 2021
Insider Transaction Report
Form 4
Lentsch William P
EVP - Flying/Air Operations
Transactions
- Award
Common Stock
2021-02-03+10,810→ 77,381 total - Tax Payment
Common Stock
2021-02-03$39.78/sh−3,306$131,513→ 74,075 total - Award
Common Stock
2021-02-03+23,260→ 97,335 total - Award
Employee Stock Option (right to buy)
2021-02-03+37,820→ 37,820 totalExercise: $39.78Exp: 2031-02-02→ Common Stock (37,820 underlying)
Footnotes (4)
- [F1]Settlement of performance awards granted under Delta's 2018 long-term incentive program which were earned effective February 3, 2021. 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)(1).
- [F2]Shares withheld for payment of tax liability upon settlement of the performance awards earned under Delta's 2018 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 23,260 shares of restricted common stock under Delta's 2021 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)(1).
- [F4]On February 3, 2021, the Committee granted Mr. Lentsch an option to purchase 37,820 shares of common stock under the 2021 long-term incentive program. The option vests in three equal installments beginning on February 1, 2022. 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)(1).