Bastian Edward H 4

What Happened
Ed Bastian, CEO of Delta Air Lines (DAL), had a total of 22,191 shares disposed/withheld on January 30, 2026 to satisfy tax withholding obligations tied to vested restricted stock. The filing reports 13,590 shares withheld at $65.89 each for $895,445 and 8,601 shares withheld at $65.89 each for $566,720 — about $1.46 million in aggregate. This was a tax-withholding event (routine), not an open-market directional sale.

Key Details

• Transaction date: January 30, 2026. Price used: $65.89 per share.
• Share counts and amounts: 13,590 shares ($895,445) and 8,601 shares ($566,720); total 22,191 shares (~$1.46M).
• Reason: Shares withheld to pay tax liabilities on vested restricted stock awards (2024 and 2025 LTIP grants). Marked with filing code F (tax withholding).
• Footnotes: Withholding was approved by Delta’s Personnel & Compensation Committee and is exempt from Section 16(b) under Rules 16b-3(d)(1) and 16b-3(e). Because the vesting date fell on Sunday, Feb 1, 2026, the number withheld was based on Delta’s closing price on the preceding business day (Jan 30, 2026).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Filing timeliness: Report filed Feb 3, 2026 (timely relative to the transaction and reporting rules).

Context
This was a tax-withholding disposition tied to restricted stock vesting — a routine administrative event rather than a discretionary sale on the open market. Such withholdings are common when equity awards vest and do not necessarily indicate the insider’s view on the company’s stock.