Snell Erik Storey sold DAL
January 31, 2025 · Form 4 insider transaction
Snell Erik Storey sold 1,344 shares of Delta Air Lines, Inc. at $67.27 per share, a transaction worth $90.4K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 3 days after the transaction.
Footnotes
Shares withheld for payment of tax liability upon vesting of a portion of the restricted stock award granted on February 9, 2022 under Delta's 2022 long-term incentive program. This withholding was approved by the Personnel & Compensation Committee of Delta's Board of Directors (the "Committee") and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rules 16b-3(d)(1) and 16b-3(e). In light of the restricted common stock vesting date (Saturday, February 1, 2025) occurring on a weekend, the number of shares withheld for payment of tax liability was based upon Delta's closing stock price on Friday, January 31, 2025, the immediately preceding business day.