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Insider Trends: Delta Air Lines Insider Receives Stock Award Sells Portion for Taxes, Slowing 90-Day Buy Trend

· 02/05/2021 12:40

05:28 PM EST, 02/05/2021 (MT Newswires) -- Peter W Carter, EVP and Chief Legal Officer, awarded 92,159 shares in Delta Air Lines (DAL) and sold 9,992 shares concurrently to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 82,167 company shares. Subsequent to the Form 4 filing with the SEC, Carter owns 190,891 shares of company stock, which have a market value of $7.81 million as of the prior-day closing price.

In the 90 days prior to the date of this filing, there have been 19 insider transactions reported to the SEC for Delta Air Lines. These transactions came from the activities of 11 different insiders that resulted in a net acquisition of 14,171 company shares. Relative to the preceding 90-day window of time, there were 3 transactions from 2 insiders that resulted in the net disposition of 57,127 shares.

This level of insider transactions is below that of the peer group average in the 29-company Airlines peer group over the last 90-day period. Peer group activity averaged 59.6 transactions per company, and disposition of 18,232 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/27904/000168316821000413/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.