Taylor David S 4

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.