Samant Rahul D 4
4 · DELTA AIR LINES, INC. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Delta (DAL) EVP Rahul D. Samant Sells Shares to Cover Taxes
What Happened Rahul D. Samant, Executive Vice President and Chief Information Officer of Delta Air Lines, had 6,819 shares withheld and disposed to satisfy tax withholding obligations tied to the vesting of restricted stock. On January 30, 2026, 4,309 shares were withheld at $65.89 each ($283,920) and 2,510 shares were withheld at $65.89 each ($165,384), for a combined value of approximately $449,304. These are tax-withholding disposals (transaction code F), not open-market sales initiated as investment decisions.
Key Details
- Transaction date: January 30, 2026; per-share price used: $65.89.
- Shares withheld/disposed: 4,309 (F1) and 2,510 (F2); total 6,819 shares; total value ≈ $449,304.
- Reason: Shares withheld to pay tax liability on vesting of restricted stock from Delta's 2024 and 2025 long-term incentive programs.
- Footnotes: Withholding approved by the Board’s Personnel & Compensation Committee; exempt from Section 16(b) under Rules 16b-3(d)(1) and 16b-3(e). Vesting date was Feb 1, 2026 (a Sunday), so the withholding used Delta’s closing price on the prior business day (Jan 30, 2026).
- Filing: Form 4 filed Feb 3, 2026 — within the standard two-business-day reporting window (timely).
- Transaction code meaning: F = tax withholding (disposition of shares to cover tax liability).
Context This was a routine tax-withholding event on vested restricted stock (a cashless-type disposition) rather than an opportunistic sale or new purchase. Such withholdings are common when restricted awards vest and generally do not signal a change in insider sentiment about the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-01-30$65.89/sh−4,309$283,920→ 31,937 total - Tax Payment
Common Stock
[F2]2026-01-30$65.89/sh−2,510$165,384→ 29,427 total
Footnotes (2)
- [F1]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 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 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.