Transaction details
Glen W. Hauenstein, President of Delta Air Lines, Inc. (NYSE: DAL), executed a sale of 13,576 shares of common stock on February 5, 2026, at $71.00 per share, for total proceeds of $963,896.
According to a Form 4 filed with the Securities and Exchange Commission, Hauenstein also received 741,030 shares of common stock on February 4, 2026, as a result of Performance Restricted Stock Units vesting. On that same date, 330,056 of those shares were withheld to cover tax liabilities arising on the settlement of the PRSUs at a price of $70.86, for a total value of $23387768.
After these movements, Hauenstein is reported to directly own 583,327 shares of Delta Air Lines.
Corporate announcements and capital actions
Delta has declared a quarterly cash dividend of $0.1875 per share, payable on March 19, 2026, to shareholders of record as of February 26, 2026. The dividend declaration is consistent with Delta’s ongoing practice of distributing regular payments to its shareholders.
Separately, Delta entered into a definitive agreement to acquire 31 widebody aircraft from Airbus. The commitment includes 16 Airbus A330-900 aircraft and 15 Airbus A350-900 aircraft, with deliveries scheduled to commence in 2029. The agreement grants Delta the option to procure up to an additional 20 widebody aircraft.
Analyst views and operational context
In the analyst community, BofA Securities has reiterated a Buy rating on Delta Air Lines. UBS also maintained a Buy rating, although the firm reduced its price target to $87 from $90, citing fiscal year guidance that fell short of expectations at the mid-point.
The company and the broader industry have recently faced operational disruptions following a winter storm. Transportation Secretary Sean Duffy has indicated that those flight disruptions are expected to normalize soon.
What this means in brief
The transactions recorded in the SEC filing show a significant vesting event followed by both withholding for tax obligations and a separate sale by Delta’s president. Concurrent corporate developments include a scheduled dividend payment, a major widebody aircraft purchase agreement with Airbus, and continued buy-side analyst support despite a trimmed price target from one firm. Operational headwinds from recent weather-related disruptions are expected to abate according to government commentary.
Note: The details in this report are drawn from the cited SEC filing and Delta's public announcements.