DEWALT DAVID G 4

What Happened

• David G. Dewalt, a non-employee director of Delta Air Lines, received an award of 2,380 restricted shares as part of Delta’s annual director compensation. The filing reports the shares were acquired on June 18, 2026; no cash price is reported because this was a compensation grant rather than an open-market purchase or sale. The award is described in the filing as the annual restricted stock award valued at $200,000.

Key Details

• Transaction date: June 18, 2026.
• Reported filing date (Form 4): June 22, 2026 — filed within the customary Form 4 deadline (timely).
• Shares granted: 2,380 restricted shares; acquisition price: N/A (compensation award).
• Shares owned after transaction: Not specified in this Form 4.
• Footnote: Grant approved by the Board on June 18, 2026; the acquisition was exempt under Rule 16b-3(d)(1) as part of a company plan for non-employee directors.
• Transaction code: A (award/grant).

Context

• This is a routine compensation grant for a non-employee board member, not an open-market buy or sale. Restricted stock awards are typically subject to vesting and other plan terms (the filing does not detail the vesting schedule). Such awards are standard director compensation and do not, by themselves, indicate the director buying or selling stock based on a view of company prospects.