Carter Peter W 4
4 · DELTA AIR LINES, INC. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Delta (DAL) President Peter W. Carter Receives Award of 2,960 Shares
What Happened Peter W. Carter, President of Delta Air Lines (DAL), was granted 2,960 shares of restricted common stock on April 1, 2026 as part of Delta's 2026 long-term incentive program. The award is restricted stock (no cash price disclosed) and will vest according to the award agreement; this is a compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-01 (Form 4 filed 2026-04-03).
- Transaction type: Award/Grant of restricted common stock (code A); price reported as N/A.
- Shares granted: 2,960 restricted shares.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote: The Personnel & Compensation Committee approved the grant; shares vest per the award agreement and the grant is exempt from Section 16(b) under Rule 16b-3(d)(1).
- Timeliness: Filed two business days after the transaction date, consistent with Section 16 reporting timelines.
Context Restricted stock awards are compensation for executives and typically vest over time; they are not immediate market purchases or sales and therefore don't directly signal insider buying/selling intent. The exemption under Rule 16b-3(d)(1) is a standard procedural note indicating the award is a committee-approved compensation grant and not subject to short-swing profit recovery.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-01+2,960→ 424,704 total
Footnotes (1)
- [F1]The Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") granted Mr. Carter 2,960 shares of restricted common stock under Delta's 2026 long-term incentive program. The shares will vest pursuant to the terms of the award agreement. This grant was approved by the Committee and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3(d)(1).