SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Insider Trends: Delta Air Lines Insider Awarded Shares Portion of Which is Sold for Taxes, Reducing 90-Day Buy Trend

· 02/05/2021 12:43

05:31 PM EST, 02/05/2021 (MT Newswires) -- Joanne D Smith, EVP & Chief People Officer, awarded 51,792 shares in Delta Air Lines (DAL) and sold 9,800 shares concurrently to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 41,992 company shares. Smith, after the transactions delineated in the SEC Form 4 filing, owns 138,430 shares of company stock, which have a market value of $5.67 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 28 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 261,532 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 lower than the average level of insider transactions in the 29-company Airlines peer group over the last 90-day period. Within the peer group activity averaged 59.9 transactions per company, and disposition of 17,938 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/27904/000168316821000419/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.