Waller Kathy N 4

What Happened Kathy N. Waller, a non-employee director of Delta Air Lines, received an award of 2,380 restricted shares on June 18, 2026. The filing reports the acquisition as an award/grant (code A) with no per-share price listed (N/A). Per the filing footnote, Delta’s non-employee directors receive an annual restricted stock award valued at $200,000; the grant was approved by the Board on June 18, 2026. The Form 4 was filed on June 22, 2026 (timely).

Key Details

• Transaction date: 2026-06-18; transaction type: award/grant (A); reported price: N/A.
• Shares granted: 2,380 restricted shares.
• Shares owned after transaction: not specified in this Form 4.
• Footnote: award is the annual restricted stock award for non-employee directors (valued at $200,000) and was acquired in a transaction exempt under Rule 16b-3(d)(1).
• Filing timeliness: Form 4 filed 2026-06-22 (appears to be filed on time).

Context This was a routine director compensation grant (restricted stock), not an open-market purchase or sale. Restricted shares are typically subject to vesting or other transfer restrictions and are a form of pay rather than a directional trading signal. As a non-employee board member, this transaction reflects standard compensation practices rather than insider trading activity by an executive.