Laughter John E 4

What Happened

• John E. Laughter, Executive Vice President & Chief of Operations at Delta Air Lines (DAL), had a total of 3,576 shares withheld to satisfy tax withholding obligations upon vesting of restricted stock awards. The shares were valued at $65.89 each and resulted in proceeds (withheld) of $141,598 (2,149 shares) and $94,025 (1,427 shares), for a combined amount of $235,623.
• This was a tax-withholding disposition (routine sell-to-cover style action), not an open-market sale or a purchase — a common administrative step when RSUs vest.

Key Details

• Transaction dates and prices: January 30, 2026; 2,149 shares @ $65.89 ($141,598) and 1,427 shares @ $65.89 ($94,025).
• Total shares withheld: 3,576; total value: $235,623.
• Shares owned after transaction: Not specified in the provided excerpt of the Form 4 (see full filing for post-transaction holdings).
• Footnotes: Withholding was to cover tax liability on RSUs granted Feb 7, 2024 and Feb 5, 2025 under Delta's long‑term incentive programs. The Personnel & Compensation Committee approved the withholding; the transactions are exempt from Section 16(b) under Rules 16b‑3(d)(1) and 16b‑3(e). Because the official vesting date fell on Sunday Feb 1, 2026, the withholding used Delta's closing price on the immediately preceding business day (Jan 30, 2026).
• Filing timeliness: Form was filed Feb 3, 2026 for transactions on Jan 30, 2026; this appears to be timely under the two-business-day filing rule.

Context

• This was a tax-withholding disposition tied to RSU vesting (effectively a "sell-to-cover" of a portion of the award), which is an administrative routine and not necessarily a signal of insider sentiment about the stock.
• The withholding was approved by the board committee and treated under the standard Section 16 exemptions for compensatory awards.