Esposito Joseph James 4

What Happened
Joseph James Esposito, EVP & Chief Commercial Officer of Delta Air Lines, was granted 14,120 shares of restricted common stock on February 4, 2026 as part of Delta's 2026 long-term incentive program. No purchase price is reported (grant = N/A); the shares will vest according to the award agreement.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (timely filing).
• Transaction type/code: Grant/Award (A).
• Shares granted: 14,120 restricted shares.
• Acquisition price: N/A (grant).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The grant was approved by Delta’s Personnel & Compensation Committee and is exempt from Section 16(b) under Rule 16b-3(d)(1). Vesting is subject to the award agreement.

Context
This was a compensation grant (restricted stock), not an open-market buy or sale. Restricted shares typically vest over time and may be forfeited if vesting conditions aren’t met; such grants are common executive compensation and do not necessarily indicate insider sentiment about the stock. The Rule 16b-3 exemption means the grant is not subject to short-swing profit recovery.