Taylor David S 4
4 · DELTA AIR LINES, INC. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Delta (DAL) Chair David S. Taylor Receives Restricted Stock Award
What Happened
David S. Taylor, Delta Air Lines' non-executive Chair of the Board, was granted 3,810 restricted shares as his annual equity award. The grant is valued at approximately $320,000 (implied ~ $84 per share); the Form 4 lists the transaction price as N/A because this was an award, not an open-market trade. The award was approved by the Board on June 18, 2026 and acquired in a transaction exempt under Rule 16b-3(d)(1).
Key Details
- Transaction date: June 18, 2026; Form 4 filed June 22, 2026 (timely under the two-business-day rule).
- Transaction type/code: Award/Grant (A).
- Shares granted: 3,810 restricted shares; price reported as N/A; total award value ≈ $320,000 (per footnote).
- Acquisition exemption: Rule 16b-3(d)(1) (typical for board-approved director awards).
- Shares owned after transaction: not specified in the filing.
- No indication of a 10b5-1 plan, sale, exercise, or tax-withholding disposition in this filing.
Context
This is an annual director compensation grant and is a routine, non-sale transaction. Such restricted stock awards are common for board members and reflect compensation rather than an outright buy/sell signal about the stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-18+3,810→ 126,530 total
Footnotes (1)
- [F1]Delta's non-executive chair of the Board of Directors receives an annual restricted stock award valued at $320,000. The shares reported in this Form 4 represent the annual restricted stock award grant to the Reporting Person, as approved by the Board of Directors on June 18, 2026. The shares were acquired in a transaction exempt under Rule 16b-3(d)(1).