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Insider Trends: Delta Air Lines Insider Awarded Shares Uses Portion to Pay Taxes, Easing 90-Day Buy Trend

· 02/05/2021 12:41

05:29 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Glen W Hauenstein, President, awarded 107,283 shares in Delta Air Lines (DAL) and sold 23,129 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 84,154 company shares. After the Form 4 filing with the SEC, Hauenstein has 332,246 shares of the company, which have a market value of $13.6 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 22 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 acquisition of 106,898 company shares. This compares with the preceding 90-day window of time where there were 3 transactions from 2 insiders that resulted in the net disposition of 57,127 shares.

This is below the average for insider transactions in the 29-company Airlines peer group over the last 90-day period. Activity in the peer group averaged 59.7 transactions per company, and disposition of 18,122 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/27904/000168316821000415/xslF345X03/ownership.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.