Insider Trends: Insider at Delta Air Lines Receives Stock Award Sells Portion for Taxes
05:27 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Edward H Bastian, Director and CEO, awarded 201,991 shares in Delta Air Lines (DAL) and sold 44,520 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 157,471 company shares. Bastian, following the transactions described in the Form 4 SEC filing, owns 468,067 shares of the company, which have a market value of $19.2 million as of the prior-day closing price.
Over the last 90 days, previous to the date of this filing, there have been 15 insider transactions reported to the SEC for Delta Air Lines. These transactions came from the activities of 11 individual insiders that resulted in a net disposition of 195,720 company shares. This compares with the preceding 90-day window of time where there were 3 transactions from 2 insiders which resulted in the net disposition of 57,127 shares.
This is a lower level of transactions than the peer group average in the 29-company Airlines peer group over the last 90-day period. Peer group activity averaged 59.5 transactions per company, and disposition of 18,482 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/27904/000168316821000410/xslF345X03/ownership.xml
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