---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-23-004182"
form_type: "8-K/A"
ticker: "DAL"
cik: "0000027904"
company_name: "DELTA AIR LINES, INC."
filed_at: "2023-06-15T23:59:59+00:00"
generated_at: "2026-06-14T00:40:42.836598+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Delta Air Lines discloses compensation for new COO Michael Spanos: $650K base, signing bonus, equity awards

## Summary
- Initial annual base salary of $650,000; cash signing bonus of $250,000.
- Initial equity award of $2,000,000 in Delta common stock, vesting in three equal annual installments.
- Target award under Delta Management Incentive Plan for 2023: 175% of base salary, prorated.
- Expected target award under Delta Long-Term Incentive Program for 2023: $5,500,000.
- Mr. Spanos will also receive standard senior executive benefits, including flight benefits.

## SEC filing metadata
- accession: 0001683168-23-004182
- form_type: 8-K/A
- ticker: DAL
- cik: 0000027904
- company_name: DELTA AIR LINES, INC.
- filed_at: 2023-06-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/27904/000168316823004182/0001683168-23-004182-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/27904/000168316823004182/delta_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-004182
- JSON: https://secwatch.observer/filing/0001683168-23-004182.json
- Plain text: https://secwatch.observer/filing/0001683168-23-004182.txt

## Key facts
- Executive change
  Michael Spanos was appointed as Chief Operating Officer at DELTA AIR LINES, INC..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: announcing the appointment of Michael Spanos as the company’s Chief Operating Officer, effective June 12, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/27904/000168316823004182/0001683168-23-004182-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.