Insider Trends: Insider at Delta Air Lines Awarded Stock Uses Portion to Pay Taxes, Easing 90-Day Buy Trend
05:30 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Rahul D Samant, EVP & Chief Info Officer, awarded 47,016 shares in Delta Air Lines (DAL) and sold 7,300 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 39,716 company shares. Subsequent to the Form 4 filing with the SEC, Samant has 90,064 shares of company stock, with a market value, based on the prior-day closing price, of $3.69 million.
Over the last 90 days, prior to the date of this filing, there have been 24 insider transactions reported to the SEC for Delta Air Lines. These transactions came from the activities of 11 separate insiders that resulted in a net acquisition of 191,052 company shares. In the preceding 90-day window of time, there were 3 transactions from 2 insiders and 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. Activity in the peer group averaged 59.8 transactions per company, and disposition of 18,022 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/27904/000168316821000417/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.