BELLEMARE ALAIN 4

What Happened

• Alain Bellemare, EVP & President — International at Delta Air Lines, received equity awards on Feb 4, 2026: 21,170 restricted common shares (2026 long‑term incentive grant) and 125,250 shares upon vesting of 2023 PRSUs. To satisfy tax withholding on the PRSU settlement, 55,787 shares were withheld/disposed at an implied value of $70.86 per share, totaling $3,953,067. The grants and the withholding were approved by Delta’s Personnel & Compensation Committee.

Key Details

• Transaction dates: February 4, 2026 (reported on Form 4 filed Feb 6, 2026) — filing appears timely.
• Award details: 21,170 restricted shares (2026 LTIP); 125,250 shares from vested 2023 PRSUs (certified by the Committee).
• Tax withholding: 55,787 shares withheld to cover tax liability; reported price $70.86, value $3,953,067.
• Shares owned after transaction: not specified in the filing.
• Footnotes: Grants and withholding were approved by the Committee and reported as exempt from Section 16(b) under Rule 16b‑3(d)(1); withholding also cites Rule 16b‑3(e).

Context

• This filing documents equity awards and a routine tax‑withholding disposition (code A = award/grant; code F = tax withholding). Awards and PRSU settlements are not open‑market purchases or sales by the insider and are generally compensation actions rather than directional bets on the stock. Tax‑withholding via share surrender is common when restricted/PRSU awards settle.