BELLEMARE ALAIN 4

What Happened Alain Bellemare, Executive Vice President and President—International of Delta Air Lines (DAL), was granted 2,470 shares of restricted common stock on 2026-04-01 under Delta’s 2026 long-term incentive program. The grant is an award (not an open-market purchase or sale); no per-share price or total cash value is reported for the grant. The shares will vest according to the award agreement.

Key Details

• Transaction date: 2026-04-01 (Form 4 filed 2026-04-03). Filing appears timely (filed within the standard two-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares granted: 2,470 restricted shares. Price: N/A (grant).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Grant approved by Delta’s Personnel & Compensation Committee and is exempt from Section 16(b) under Rule 16b-3(d)(1).
• No indication of a 10b5-1 plan, sale, tax withholding, or cashless exercise in this filing.

Context Restricted stock grants are a common form of executive compensation intended to retain executives and align incentives; they vest over time and do not necessarily signal an insider’s short-term view of the stock. Because this was an award (not a purchase or sale), it’s primarily compensation-related rather than a market-timing trade.