Creed Greg 4

What Happened
Greg Creed, a member of Delta Air Lines' Board of Directors, was granted 2,380 restricted shares on June 18, 2026. The grant is the annual non-employee director award (the award program is valued at $200,000 for the reporting period). No per-share price is reported (award indicated as N/A); the shares were acquired under an exemption to Rule 16b-3.

Key Details

• Transaction date: June 18, 2026 (reported on Form 4 filed June 22, 2026).
• Transaction type/code: Award/Grant (A). Shares acquired: 2,380. Price: N/A.
• Reported value: Footnote states the annual restricted stock award is valued at $200,000 (company-determined value).
• Shares held after transaction: not disclosed in this Form 4.
• Footnotes: (1) Award approved by the Board on June 18, 2026 and issued as the annual restricted stock award to non-employee directors; exempt under Rule 16b-3(d)(1). (2) Shares are held by the Creed Revocable Living Trust (Greg Creed and his wife are co-trustees).
• Filing timeliness: Form 4 filed four days after the transaction (June 22 vs. June 18). Form 4s are normally due within two business days, so this filing appears later than the standard reporting window.

Context
This is a routine director compensation award (restricted stock) rather than an open-market purchase or sale. Such grants are common for non-employee directors and do not, by themselves, indicate a buy/sell signal about the company's shares. The award is held in a family trust, which is a common holding arrangement for insiders.