DELTA AIR LINES INC
For the period ended Jun 20, 2024. Filed Apr 26, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Jun 20, 2024 · Filed Apr 26, 2024
DAL$87.20+2.2%Stored close · as of Nov 6, 2026
Contents
Pay Versus Performance Table
| Average Summary Compensation · Average Compensation · Value of Initial Fixed $100 Investment on December 31, 2019 Based On: | ||||||||
|---|---|---|---|---|---|---|---|---|
| Year (a) | Summary Compensation Table Total for PEO(1) ($) (b) | Compensation Actually Paid to PEO(2) ($) (c) | Table Total for Non-PEO Named Executive Officers(1)(2) ($) (d) | Actually Paid to Non-PEO Named Executive Officers(1)(2) ($) (e) | Total Shareholder Return(3) ($) (f) | Peer Group Total Shareholder Return(3) ($) (g) | Net Income(4) ($) (millions) (h) | Pre-Tax Income(5) ($) (millions) (i) |
| 2023 | 34,214,328 | 39,811,315 | 12,332,605 | 14,136,612 | 70 | 63 | 4,609 | 7,021 |
| 2022 | 9,606,387 | 7,613,922 | 5,087,831 | 3,861,941 | 57 | 48 | 1,318 | 3,619 |
| 2021 | 12,360,420 | 11,616,466 | 6,115,487 | 6,028,546 | 68 | 74 | 280 | (3,144) |
| 2020 | 13,134,012 | 3,817,481 | 4,254,247 | 1,507,079 | 69 | 76 | (12,385) | (8,881) |
(1)
| (1) | The PEO reflected in columns (b) and (c) is Edward H. Bastian for all years shown and the Other NEOs reflected in columns (d) and (e) represent the following individuals for each of the years shown: |
| 2023: Glen W. Hauenstein, Peter W. Carter, Daniel C. Janki and Michael L. Spanos | |
| 2022: Glen W. Hauenstein, Alain M. Bellemare, Peter W. Carter and Daniel C. Janki | |
| 2021: Glen W. Hauenstein, Alain M. Bellemare, Peter W. Carter, Daniel C. Janki, William C. Carroll and Garrett L. Chase | |
| 2020: Glen W. Hauenstein, Peter W. Carter, Rahul D. Samant, William C. Carroll, Garrett L. Chase, Paul A. Jacobson and W. Gil West |
| (2) | The table below describes the adjustments, each of which is required by SEC rules, to calculate the CAP amounts from the SCT Totals of our PEO (columns (b) and (c)) and the average CAP amounts from the average SCT Totals of the Other NEOs (columns (d) and (e)). The SCT Totals and CAP amounts do not reflect the actual amount of compensation earned by or paid to our named executive officers during the applicable years. |
| Adjustments | 2023 ($) | |
|---|---|---|
| PEO | Other NEOs Average | |
| SCT Total | 34,214,328 | 12,332,605 |
| (Deduct) aggregate change in actuarial present value included in SCT Total for covered fiscal year | - | - |
| Add pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in covered fiscal year(a) | - | - |
| (Deduct) aggregate value of stock awards and option awards included in SCT Total for covered fiscal year | (17,000,280) | (6,361,166) |
| Add fair value at year-end of awards granted during covered fiscal year that are outstanding and unvested as of end of covered fiscal year | 19,034,825 | 6,838,195 |
| Add/(Deduct) change in fair value as of end of covered fiscal year (from end of prior fiscal year) for awards granted in any prior fiscal year that are outstanding and unvested at end of covered fiscal year | 2,517,287 | 883,540 |
| Add fair value at vesting date for awards that are granted and vested in the same year | - | - |
| Add/(Deduct) change in fair value as of vesting date (from end of prior fiscal year) of awards granted in prior fiscal years that vested at end of or during covered fiscal year | 918,050 | 398,617 |
| (Deduct) fair value at end of prior fiscal year of awards granted in any prior fiscal year that failed to meet the applicable vesting conditions during covered fiscal year | - | - |
| Add dividends or other earnings paid on awards in covered fiscal year if not otherwise included in SCT Total for covered fiscal year | 127,105 | 44,821 |
| CAP Amount | 39,811,315 | 14,136,612 |
| (a) | There is no added pension service cost for any of the years shown, as the benefits were frozen in 2005. None of the Other NEOs are eligible for pension benefits. |
| 2024 PROXY STATEMENT | 57 |
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| (3) | Amounts rounded to nearest whole dollar amount. The peer group used in this disclosure is the NYSE ARCA Airline Index, which is the same peer group used in Item 5 of our Form 10-K. |
| (4) | Reflects after-tax net income attributable to shareholders prepared in accordance with GAAP for each of the years shown. |
| (5) | Pre-Tax Income is the financial measure from the tabular list of Financial Performance Measures below that in Delta’s assessment represents the most important financial performance measure used by the company to link CAP for the named executive officers to Delta’s performance for the displayed years. This financial measure is also the measure used under our broad-based Profit Sharing Program, thereby aligning the interest of Delta management with our employees. Pre-Tax Income as used in this proxy statement is a non-GAAP financial measure. |
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