Delta Air Lines CEO Edward Bastian Sells Company Shares Worth $19.2 Million.
Here’s a Deeper Look at the Transaction
Edward H. Bastian, Chief Executive Officer of Delta Air Lines, Inc. (NYSE:DAL), sold ~207,000 shares of common stock on August 4, 2026, according to an SEC Form 4 filing. Transaction summary Transaction value based on SEC Form 4 weighted average sale price ($92.80); post-transaction value based on August 4, 2026 market close ($92.77).
Key questions – What were the specific circumstances surrounding this disposition? The transaction was an exercise-and-sell where Edward Bastian exercised 206,510 options at $49.33 and immediately sold the shares at a weighted average price of $92.80. The underlying sales were executed in multiple increments at prices ranging from $92.38 to $93.08 per share. – What is the extent of the executive’s remaining equity exposure?