undamentalytics Newsletter

Delta Air Lines insider trading

Every open-market purchase and sale by Delta Air Lines's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
Delta Air Lines insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Delta Air Lines’s insiders pay?

From February 10, 2010 to October 30, 2026, 37 insiders reported 56 open-market purchases and 293 sales not made under a pre-set plan in Delta Air Lines. Twelve months after each purchase was reported, the shares were +13.2% against the S&P 500 on average (median +4.3%), over 56 purchases with a full year of prices; 52% beat the index. After sales, the shares moved +4.8% against the index over 12 months (a negative figure means selling was the right call). Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on May 4, 2012 into $75,222 by November 2, 2026, +15.0% a year. It held shares 96% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $66,202 (+14.0% a year), and held throughout $70,939 (+14.5%).

$0$25.0k$50.0k$75.0k 20122014201620182020202220242026 $75.2k$70.9k$66.2k
Copying Delta Air Lines's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Delta Air Lines's insiders from May 4, 2012, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 96% of the time.
Delta Air Lines: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Bastian Edward H Chief Executive Officer 0 — — 59 +11.5% (55) October 30, 2026
Hauenstein Glen W President 0 — — 36 +7.3% (33) February 10, 2026
Smith Joanne D EVP & Chief People Officer 0 — — 30 −8.6% (30) November 22, 2024
West W Gilbert Sr. EVP & COO 0 — — 19 −13.9% (19) February 7, 2020
Gorman Stephen E EVP & Chief Operating Officer 0 — — 16 +52.9% (16) February 24, 2014
Campbell Michael H EVP - HR & Labor Relations 0 — — 15 +40.3% (15) June 4, 2014
Sear Steven M EVP - Global Sales & Distrib 0 — — 15 −11.3% (12) August 6, 2026
Taylor David S Director 14 +15.9% (14) 71% 0 — April 11, 2025
Anderson Richard H Exec. Chairman of the Board 0 — — 13 −1.6% (13) July 18, 2016
Samant Rahul D EVP & Chief Info Officer 0 — — 13 −11.8% (11) February 6, 2026
Carroll William C SVP, Fin & Controller 0 — — 12 −15.2% (11) February 3, 2026
Carter Peter W President 1 −1.5% (1) 0% 10 −15.9% (7) August 5, 2026
Mattson George N Director 11 +13.0% (11) 46% 0 — December 26, 2018
Jacobson Paul A EVP & CFO 2 +58.7% (2) 100% 8 −0.9% (8) November 12, 2020
Halter Hank Senior Vice President & CFO 0 — — 9 −19.6% (9) February 2, 2012
Bellemare Alain EVP & Pres. - International 0 — — 8 +0.4% (3) August 5, 2026
Blake Francis S Director 6 −8.6% (6) 17% 0 — January 20, 2023
Huerta Michael P Director 2 −30.6% (2) 0% 4 −23.0% (3) August 6, 2026
Meynard Craig M VP and Chief Acctg Officer 0 — — 6 +5.1% (6) July 30, 2018
Bostock Roy J Director 4 +43.6% (4) 100% 1 −19.6% (1) February 22, 2016
Buffett Warren E 10% owner 3 −19.7% (3) 0% 1 +68.9% (1) April 3, 2020
Easter William H III Director 3 +0.9% (3) 33% 1 −1.2% (1) September 4, 2018
Laughter John E EVP & Chief of Operations 1 −10.0% (1) 0% 3 +20.2% (1) April 15, 2026
Ausband Allison C EVP & Chief People Officer 0 — — 3 −15.4% (1) May 28, 2026
Hirst Richard B EVP and Chief Legal Officer 0 — — 3 +4.8% (3) August 5, 2014
Carp Daniel A Director 0 — — 2 +27.2% (2) July 26, 2018
Chiang Willie Cw Director 2 −3.4% (2) 50% 0 — July 15, 2024
Creed Greg Director 2 +11.1% (2) 50% 0 — April 11, 2025
Reynolds Paula Rosput Director 2 +52.3% (2) 100% 0 — July 31, 2013
Woodrow Kenneth Director 1 +114.6% (1) 100% 1 +40.0% (1) November 14, 2013
Becker Michael J EVP & COO NWA 0 — — 1 −26.0% (1) February 10, 2010
Dewalt David G Director 0 — — 1 — August 5, 2026
Foret Mickey P Director 0 — — 1 +114.1% (1) December 14, 2012
Franklin Shirley C. Director 0 — — 1 −8.5% (1) December 20, 2016
Jackson Jeanne P Director 1 +42.4% (1) 100% 0 — April 27, 2020
Ralph Douglas R Director 1 −14.3% (1) 0% 0 — January 24, 2017
Snell Erik Storey EVP & Chief Cust Exper Officer 0 — — 1 — January 21, 2026

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Delta Air Lines

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Delta Air Lines in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 7 buying crowds with six months of prices, it averaged +12.7% against the index. After 21 selling crowds, +2.9%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
August 31, 20266 sellingnot yetnot yetnot yet
January 30, 20267 selling+0.5%+30.0%not yet
July 31, 20254 selling+1.7%+14.1%+52.8%
May 30, 20252 buying+18.4%+16.7%+37.0%
October 31, 20245 selling+14.5%−20.4%−21.8%
March 28, 20243 selling−5.1%−1.7%−19.0%
August 31, 20234 selling−15.3%−17.2%−24.4%
March 31, 20233 selling+28.5%−0.5%+5.6%
April 29, 20223 selling−25.2%−14.6%−21.2%
September 30, 20212 buying−19.7%−13.1%−18.6%
July 30, 20212 buying−6.7%−5.5%−14.2%
October 30, 20203 selling+9.3%+17.5%−10.9%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Latest 12 of 29. Total returns from the month end; past patterns are not a forecast.

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