Carter Peter W 4

What Happened Peter W. Carter, Delta Air Lines' Chief External Affairs Officer, had a total of 6,084 shares withheld on January 30, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock awards. The withholding occurred at a per-share price of $65.89, resulting in aggregate proceeds/withheld value of $216,646 (3,288 shares) and $184,228 (2,796 shares), or about $400,874 total. These transactions are recorded as tax-withholdings (code F), not open-market sales.

Key Details

• Transaction date: January 30, 2026; per-share price used: $65.89.
• Shares withheld/forfeited: 3,288 (value $216,646) and 2,796 (value $184,228); total 6,084 shares (~$400,874).
• Reason: Shares withheld to pay tax liability upon vesting of restricted stock awards granted Feb 7, 2024 and Feb 5, 2025.
• Footnotes: 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 vesting date fell on Sunday, Feb 1, 2026, the number of shares withheld was based on Delta’s closing price on the prior business day (Jan 30, 2026).
• Filing timeliness: Report filed Feb 3, 2026 for a Jan 30, 2026 transaction — within the required reporting window (timely).
• Shares owned after the transaction: Not disclosed in the supplied filing excerpt.

Context

• These transactions are tax-withholding settlements for vested restricted stock (common corporate practice) rather than voluntary sales or purchases; they generally do not indicate a change in the insider’s market view.
• Transaction code F denotes shares surrendered to cover taxes; Rule 16b-3 exemptions apply because the withholdings were committee-approved in connection with compensatory awards.