Bastian Edward H 4

What Happened

• Delta CEO Edward H. Bastian was granted/received equity on Feb 4, 2026: 70,210 restricted common shares (new award) and 1,419,450 shares delivered upon vesting of Performance Restricted Stock Units (PRSUs). Simultaneously, 636,844 shares were withheld (disposed) to cover tax liabilities at $70.86 per share, totaling $45,126,766. The grants and withholding were approved by Delta’s Personnel & Compensation Committee.

Key Details

• Transaction dates: February 4, 2026; Form 4 filed Feb 6, 2026 (timely filing).
• Acquisition entries: 70,210 restricted shares (grant) and 1,419,450 shares from PRSU vesting (both reported as "A" — award/acquisition).
• Disposition entry: 636,844 shares withheld to satisfy tax withholding at $70.86/share for $45,126,766 (reported as "F" — payment of tax liability).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes: F1 — 70,210 RSAs granted under 2026 LTIP (vesting terms apply); F2 — 1,419,450 shares from certification of 2023 PRSUs; F3 — 636,844 shares withheld to cover taxes. Awards and withholding are reported as exempt under Rule 16b-3 per the filing.

Context

• This was primarily an awards/vesting event (not an open-market sale). The 636,844-share disposition was a withholding to satisfy payroll/tax obligations upon PRSU settlement (a common, administrative transaction), not a liquidity-driven open-market sale. The filing shows committee approval and Rule 16b-3 exemptions for these equity actions.