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DELTA AIR LINES, INC.·4

Feb 10, 6:01 PM ET

HAUENSTEIN GLEN W 4

Research Summary

AI-generated summary

Updated

Delta Air Lines (DAL) President Glen Hauenstein Sells Shares, Exercises Options

What Happened
Glen W. Hauenstein, President of Delta Air Lines (DAL), exercised stock options for 123,910 shares and completed multiple open-market sales in early February 2026. On 2026-02-06 he exercised options (M) at $49.33 per share (total cost reported $6,112,480) and sold those 123,910 shares the same day at a weighted-average price of $74.77 for $9,264,503. He also sold 165,864 shares on 2026-02-06 at $71.00 for $11,776,344, and sold 137,159 shares on 2026-02-09 at a weighted-average $75.27 for $10,324,369. Total reported sale proceeds across these transactions are $31,365,216. The option reported as disposed at $0 reflects the exercised/surrendered derivative position.

Key Details

  • Transaction dates and prices:
    • 2026-02-06: Sold 165,864 shares @ $71.00 — $11,776,344
    • 2026-02-06: Exercised 123,910 options @ $49.33 — $6,112,480 (acquired)
    • 2026-02-06: Sold 123,910 shares @ $74.77 — $9,264,503 (same-day sale of exercised shares)
    • 2026-02-09: Sold 137,159 shares @ $75.27 — $10,324,369
  • Total reported sales: $31,365,216; total cash paid to exercise options: $6,112,480.
  • Shares owned after these transactions: not disclosed in the provided filing details.
  • Footnotes: weighted-average sale prices reflect multiple trades (ranges provided in filing); the option exercised was exercisable (F3). Reporting person will provide per-trade breakdowns on request (F1/F2).
  • Filing timeliness: Report covers transactions on 2026-02-06 and was filed 2026-02-10 (filed within the standard two-business-day reporting window).

Context

  • This is a common pattern: an executive exercised vested options and sold the resulting shares (a cashless or sell-to-cover-style transaction) and also sold additional open-market shares. Exercises followed immediately by sales often reflect option exercise and liquidity-taking rather than a long-term buy signal.
  • These transactions are factual disclosures of insider activity and do not by themselves indicate the insider’s view of the company’s future performance.