4//SEC Filing
HAUENSTEIN GLEN W 4
Accession 0001683168-22-000907
CIK 0000027904other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 5:52 PM ET
Size
9.9 KB
Accession
0001683168-22-000907
Insider Transaction Report
Form 4
HAUENSTEIN GLEN W
President
Transactions
- Award
Common Stock
2022-02-09+52,302→ 301,116 total - Tax Payment
Common Stock
2022-02-09$43.88/sh−23,589$1,035,085→ 277,527 total - Award
Employee Stock Option (right to buy)
2022-02-09+199,780→ 199,780 totalExercise: $58.89From: 2022-02-09Exp: 2030-02-04→ Common Stock (199,780 underlying)
Footnotes (3)
- [F1]Settlement of performance awards granted under Delta's 2019 long-term incentive program which were earned effective February 9, 2022. 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 2019 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]On February 5, 2020, the Committee granted Mr. Hauenstein an option to purchase 199,780 shares of common stock. The option vests based on Delta's satisfaction of certain performance criteria. The performance criteria was certified by the Committee on February 9, 2022. Because the performance criteria were met, the option as to 133,187 shares vested, and the option for the remaining 66,593 shares will vest on February 1, 2023. 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 0001193002
Filing Metadata
- Form type
- 4
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 5:52 PM ET
- Size
- 9.9 KB