secwatch.observer — SEC 8-K summary
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Issuer:     DELTA AIR LINES, INC. (DAL)
CIK:        0000027904
Form:       8-K/A
Filed at:   2023-06-15T23:59:59+00:00
Accession:  0001683168-23-004182
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/27904/000168316823004182/0001683168-23-004182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/27904/000168316823004182/delta_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004182

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer