Snell Erik Storey 4

What Happened
Erik Storey Snell, Delta Air Lines' EVP & Chief Customer Experience Officer, had 5,897 shares withheld to satisfy tax liabilities upon vesting of restricted stock awards. The withholdings occurred on January 30, 2026 at Delta's closing price of $65.89, resulting in proceeds (disposals) of $136,524 (2,072 sh), $133,888 (2,032 sh) and $118,141 (1,793 sh) — about $388,553 total. These were tax-withholdings (transaction code F), not open-market sales.

Key Details

• Transaction date: January 30, 2026; price used for withholding: $65.89 (Delta closing price on Jan 30, 2026).
• Shares withheld: 2,072 (F1), 2,032 (F2), 1,793 (F3) — total 5,897 shares; total value reported ≈ $388,553.
• Footnotes: F1–F3 indicate shares were withheld to pay tax liability on portions of RSU grants from Feb 8, 2023; Feb 7, 2024; and Feb 5, 2025. 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). Because the formal vesting date fell on Sunday, Feb 1, 2026, the number withheld was based on the prior business day's closing price (Jan 30, 2026).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 filed Feb 3, 2026 — appears timely (filed within the required two business days).

Context
These transactions are routine tax-withholding events (code F) tied to RSU vesting — effectively a cashless withholding to cover taxes — rather than discretionary open-market sales that might signal a view on the stock. The filing notes committee approval and the applicable Section 16(b) exemptions.