$DAL · DELTA AIR LINES, INC.
Delta CEO Edward Bastian reported a sale of 50,000 shares at $82.00 per share, totaling $4.1 million. The transaction was not executed under a pre-arranged 10b5-1 trading plan. Bastian continues to hold 1,313,448 shares following the sale.
- CEO Edward Bastian sold 50,000 shares at $82.00 each, totaling $4.1 million.
- The sale was not executed under a 10b5-1 trading plan.
- Post-transaction, Bastian retains 1,313,448 shares of Delta.
- Bastian is both CEO and a director of the company.
Price data unavailable for after-hours reaction. Delta closed at $80.15, down 1.83% on the day. CEO sales without a 10b5-1 plan can draw scrutiny, though the 50,000-share size is modest relative to Bastian's remaining 1.31M-share stake.
A discretionary CEO sale outside a 10b5-1 plan raises questions about insider sentiment, though the position retained remains substantial.
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The absence of a 10b5-1 plan means this was a discretionary sale, which can signal reduced confidence — though the CEO still holds over 1.3 million shares.