Esposito Joseph James 4
Accession 0001683168-26-000722
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 4:30 PM ET
Size
10.1 KB
Accession
0001683168-26-000722
Research Summary
AI-generated summary of this filing
Delta (DAL) EVP Joseph Esposito Sells Shares for Tax Withholding
What Happened
Joseph James Esposito, EVP & Chief Commercial Officer of Delta Air Lines, had a total of 3,524 shares withheld to satisfy tax liabilities upon vesting of restricted stock awards. The withholding occurred on Jan 30, 2026 at Delta's closing price of $65.89 per share, resulting in dispositions of 1,355 shares ($89,281), 1,348 shares ($88,820) and 821 shares ($54,096) — about $232,197 in total. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date and price: Jan 30, 2026 at $65.89 per share.
- Shares withheld/disposed: 1,355; 1,348; 821 — total 3,524 shares; aggregate value ≈ $232,197.
- Shares owned after transaction: not disclosed in this filing.
- Footnotes: Withholding covered tax liabilities on RSUs granted Feb 8, 2023 (F1), Feb 7, 2024 (F2), and Feb 5, 2025 (F3). Withholding was approved by the Personnel & Compensation Committee and is exempt from Section 16(b) under Rules 16b-3(d)(1) and 16b-3(e). Vesting date was Feb 1, 2026 (a Sunday), so withholding used Delta’s closing price on Friday, Jan 30, 2026.
- Timeliness: Filed Feb 3, 2026 for transactions dated Jan 30, 2026 — filing appears timely under the 2-business-day Form 4 rule.
Context
This was a routine cashless tax-withholding event tied to RSU vesting (transaction code F). Because shares were withheld to cover taxes rather than sold in the open market, this filing is generally considered administrative and less informative about the insider’s view of the company’s stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-01-30$65.89/sh−1,355$89,281→ 20,321 total - Tax Payment
Common Stock
[F2]2026-01-30$65.89/sh−1,348$88,820→ 18,973 total - Tax Payment
Common Stock
[F3]2026-01-30$65.89/sh−821$54,096→ 18,152 total
Footnotes (3)
- [F1]Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 8, 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
Documents
Issuer
DELTA AIR LINES, INC.
CIK 0000027904
Related Parties
1- filerCIK 0002106694
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 4:30 PM ET
- Size
- 10.1 KB