Janki Daniel C. 4

What Happened

• Daniel C. Janki, Chief Financial Officer of Delta Air Lines (DAL), received equity awards and vested Performance Restricted Stock Units (PRSUs) on Feb 4, 2026. He was granted 19,410 shares of restricted common stock and 229,620 shares were issued upon certification of PRSU performance, for a total of 249,030 shares. To cover the tax liability on the PRSU settlement, 102,273 shares were withheld (disposed) at $70.86 per share, yielding approximately $7,247,065.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (filed timely).
• Grants/vestings: 19,410 restricted shares (2026 LTIP grant) and 229,620 shares from 2023 PRSUs (vested upon Committee certification).
• Tax withholding (disposition): 102,273 shares withheld at $70.86 each for tax payment, proceeds ~$7.25M.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote highlights: Grants and PRSU settlement were approved by the Personnel & Compensation Committee and are exempt from Section 16(b) under Rule 16b-3; the withholding for taxes was also approved and exempt under Rule 16b-3.

Context

• The "A" entries are awards/grants and the "F" disposition reflects shares withheld to satisfy tax withholding on PRSUs — a routine, administrative transaction rather than an open-market sale. The PRSU shares were issued after the Committee certified Delta met performance criteria tied to the 2023 award. This filing reports the award/vesting and the tax withholding, not an indication of a market-timed sale by the insider.