Janki Daniel C. 4
4 · DELTA AIR LINES, INC. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Delta (DAL) CFO Janki Daniel Sells ~11,908 Shares for Tax Withholding
What Happened
- Janki Daniel, Chief Financial Officer of Delta Air Lines (DAL), had a total of 11,908 shares withheld (disposed) to satisfy tax liabilities upon vesting of restricted stock awards. The withholding occurred on January 30, 2026 at $65.89 per share, totaling approximately $784,618 across three withholding events.
- This is a tax-withholding disposal (transaction code F), a routine administrative action when restricted stock vests, not a discretionary open-market sale.
Key Details
- Transaction date and price: January 30, 2026 at $65.89 per share.
- 3,872 shares withheld — $255,126
- 5,078 shares withheld — $334,589
- 2,958 shares withheld — $194,903
- Total shares withheld: 11,908; total value: ~$784,618.
- Shares owned after transaction: not disclosed in the supplied filing excerpt.
- Footnotes: Withholdings relate to portions of RSU awards granted on April 19, 2023; February 7, 2024; and February 5, 2025. The Committee approved withholding and relied on Delta’s closing price on Friday, Jan 30, 2026 because the vesting date fell on Sunday, Feb 1, 2026. Withholdings are exempt from Section 16(b) under Rules 16b-3(d)(1) and 16b-3(e).
- Filing timeliness: Form 4 filed Feb 3, 2026 for Jan 30, 2026 transactions — within the two-business-day reporting window (timely).
Context
- These transactions are cashless tax withholdings tied to RSU vesting and are routine administrative events; they do not necessarily indicate the insider’s view of the company’s stock.
- Transaction code F = shares withheld for tax liability.
Insider Transaction Report
Form 4
Janki Daniel C.
EVP & Chief Financial Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-01-30$65.89/sh−3,872$255,126→ 237,666 total - Tax Payment
Common Stock
[F2]2026-01-30$65.89/sh−5,078$334,589→ 232,588 total - Tax Payment
Common Stock
[F3]2026-01-30$65.89/sh−2,958$194,903→ 229,630 total
Footnotes (3)
- [F1]Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on April 19, 2023 under Delta's 2023 long-term incentive program. This withholding 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 Rules 16b-3(d)(1) and 16b-3(e). In light of the restricted common stock vesting date (Sunday, February 1, 2026) occurring on a weekend, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Friday, January 30, 2026, the immediately preceding business day.
- [F2]Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 7, 2024 under Delta's 2024 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). In light of the restricted common stock vesting date (Sunday, February 1, 2026) occurring on a weekend, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Friday, January 30, 2026, the immediately preceding business day.
- [F3]Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 5, 2025 under Delta's 2025 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). In light of the restricted common stock vesting date (Sunday, February 1, 2026) occurring on a weekend, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Friday, January 30, 2026, the immediately preceding business day.
Signature
/s/ Alan T. Rosselot as attorney-in-fact for Daniel C. Janki|2026-02-03