Hale Leslie D. 4

What Happened
Leslie D. Hale, a non-employee member of Delta Air Lines' Board of Directors, was granted 2,380 restricted shares as the board’s annual equity award on June 18, 2026. The filing lists no per-share trade price (N/A) but the award is described as having a total value of $200,000. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-18 (reported on Form 4 filed 2026-06-22; filed within the normal 2-business-day window).
• Shares granted: 2,380 restricted shares. Price per share: N/A; award value stated at $200,000 (implied ~ $84/share).
• Shares owned after transaction: not disclosed on the provided Form 4.
• Footnote: Grant is the board-approved annual restricted stock award and was acquired in a transaction exempt under Rule 16b-3(d)(1) (typical exemption for director awards).
• Transaction type: A = Award/Grant (not a market trade).

Context
Restricted stock awards to directors are common compensation and are generally exempt from short-swing profit rules under Rule 16b-3 when granted per board approval. Such grants are routine and do not by themselves indicate the director is buying or selling based on company outlook; vesting or other terms are not specified in the filing.