Glen W. Hauenstein, President of Delta Air Lines, Inc. (NYSE: DAL), completed a series of stock sales and an option exercise in early February 2026. The transactions, executed across multiple trades between February 6 and February 9, involved a total sale of 426,933 shares of Delta common stock, generating aggregate proceeds of $31.3 million.
Details of the sales show that on February 6 Hauenstein sold 165,864 shares at $71.00 per share. Later that same day he sold an additional 123,910 shares at prices ranging from $74.575 to $75.120. On February 9 he sold 137,159 shares with execution prices spanning $74.940 to $75.710.
Also on February 6, Hauenstein exercised stock options to acquire 123,910 shares of Delta Air Lines common stock at an exercise price of $49.33, representing a total cost of $6.1 million for the option exercise.
Following the combination of sales and the option exercise, Hauenstein's direct ownership in Delta stands at 280,304 shares.
In separate corporate actions, Delta announced a quarterly cash dividend of $0.1875 per share. The dividend is scheduled to be paid on March 19, 2026 to shareholders of record as of February 26, 2026.
The company also disclosed a definitive agreement with Airbus to purchase 31 widebody aircraft. The order comprises 16 Airbus A330-900 and 15 Airbus A350-900 aircraft, with deliveries slated to begin in 2029. The agreement specifies that the new aircraft will be powered by Rolls-Royce engines.
Analyst commentary accompanying these corporate developments included BofA Securities reiterating its Buy rating on Delta with a price target of $80.00. BofA highlighted Delta's guidance for 2026, which projects an EPS range of $6.50 to $7.50 - a range that sits below the current Street consensus of $7.26. Separately, UBS adjusted its price target for Delta to $87.00 from $90.00 while maintaining a Buy rating, citing the company's fiscal year guidance missing expectations at the midpoint.
These transactions and corporate announcements collectively outline recent insider activity, a recurring dividend distribution, a material long-term fleet commitment, and divergent analyst valuation updates within the marketplace.