Carter Peter W 4

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.