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Insider Trends: Delta Air Lines Insider Gets Stock Award Sells Portion for Taxes Scaling Down, 90-Day Buy Trend

· 02/05/2021 12:43

05:30 PM EST, 02/05/2021 (MT Newswires) -- William P Lentsch, EVP & Chf Cust Experience Ofcr, awarded 34,070 shares in Delta Air Lines (DAL) and sold 3,306 shares concurrently to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 30,764 company shares. Lentsch, following the transactions outlined in the Form 4 SEC filing, owns 97,335 shares of company stock, with a market value, based on the prior-day closing price, of $3.98 million.

Over the last 90 days, previous 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 which resulted in the net disposition of 57,127 shares.

This represents a lower level of transactions than the peer group average in the 29-company Airlines peer group over the last 90-day period. Within the peer group activity averaged 59.8 transactions per company, and disposition of 18,022 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/27904/000168316821000416/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.