Sec Form 3 Filing - Snell Erik Storey @ DELTA AIR LINES, INC. - 2025-01-01

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Snell Erik Storey
2. Issuer Name and Ticker or Trading Symbol
DELTA AIR LINES, INC. [ DAL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP & Chief Cust Exper Officer
(Last) (First) (Middle)
C/O DELTA AIR LINES, INC. DEPT. 981, 1030 DELTA BLVD.
3. Date of Earliest Transaction (MM/DD/YY)
01/01/2025
(Street)
ATLANTA, GA30354
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 30,639 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 50.52 ( 2 ) 02/05/2029 Common Stock 13,880 D
Employee Stock Option (right to buy) $ 58.89 ( 3 ) 02/04/2030 Common Stock 13,460 D
Employee Stock Option (right to buy) $ 39.78 ( 4 ) 02/02/2031 Common Stock 9,080 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Snell Erik Storey
C/O DELTA AIR LINES, INC. DEPT. 981
1030 DELTA BLVD.
ATLANTA, GA30354
EVP & Chief Cust Exper Officer
Signatures
/s/ Alan T. Rosselot as attorney-in-fact for Erik S. Snell 01/03/2025
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 27,160 shares of restricted common stock. Of these restricted shares: (i) 4,180 were granted to the Reporting Person on February 9, 2022 and will vest on February 1, 2025, (ii) 9,300 were granted to the Reporting Person on February 8, 2023 and will vest in two equal installments on February 1, 2025 and 2026, and (iii) 13,680 were granted to the Reporting Person on February 7, 2024 and will vest in three equal installments on February 1, 2025, 2026 and 2027. The grants of restricted stock were approved by the Personnel & Compensation Committee ("P&C Committee") of Delta's Board of Directors and are exempt from Section 16(b) of the Securities Exchange Act of 1934 ("Exchange Act") under Rule 16b-3(d)(1).
( 2 )On February 6, 2019, the P&C Committee granted the Reporting Person an option to purchase 13,880 shares of common stock. The option vested subject to Delta's satisfaction of certain performance criteria, which were certified by the P&C Committee on February 5, 2020. This grant was approved by the P&C Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
( 3 )On February 5, 2020, the P&C Committee granted the Reporting Person an option to purchase 13,460 shares of common stock. The option vested subject to Delta's satisfaction of certain performance criteria, which were certified by the P&C Committee on February 9, 2022. This grant was approved by the P&C Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).
( 4 )On February 3, 2021, the P&C Committee granted the Reporting Person an option to purchase 9,080 shares of common stock under the 2021 long-term incentive program. The option vested in three equal installments on February 1, 2022, 2023 and 2024. This grant was approved by the P&C Committee and is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d)(1).

Remarks:
Exhibit 24 - Power of Attorney

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