Beck Christophe 4

What Happened

• Christophe Beck, a non-employee member of Delta Air Lines' Board of Directors, was granted 2,380 restricted shares on June 18, 2026. The filing shows the shares were acquired as an award (no per-share price reported) and represent Beck’s annual director equity award.
• The award is part of Delta’s standard non-employee director compensation plan and is described in the filing as having a total annual value of $200,000. The transaction was reported on a Form 4 filed June 22, 2026.

Key Details

• Transaction date: June 18, 2026. Report filed: June 22, 2026.
• Transaction type/code: A (Award/Grant). Reported price: N/A (restricted stock award).
• Shares acquired: 2,380 restricted shares (annual award). Total award value reported by company: $200,000.
• Shares owned after transaction: Not specified in the Form 4 summary provided.
• Footnote: The grant was approved by the Board on June 18, 2026 and was exempt under Rule 16b-3(d)(1) (routine director awards to non-employee directors).
• Timeliness: Form 4 was filed June 22, 2026 reporting the June 18 grant; Form 4s are generally required within two business days of the transaction and this filing was submitted within the typical reporting window.

Context

• Restricted stock awards to directors are routine compensation and often subject to vesting or other restrictions; they are not the same as an open-market purchase or sale and do not by themselves indicate a bullish or bearish trading signal.
• For retail investors, outright purchases by insiders tend to be more informative about personal confidence in the company than standard director compensation grants.