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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 12:44

05:31 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Steven M Sear, EVP Global Sales, awarded 42,366 shares in Delta Air Lines (DAL) and sold 6,977 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 35,389 company shares. Sear, after the transactions described in the SEC Form 4 filing, owns 113,320 shares of the company, with a market value, based on the prior-day closing price, of $4.64 million.

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 different insiders that resulted in a net acquisition of 261,532 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 59.9 transactions per company, and disposition of 17,938 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/27904/000168316821000418/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.