flyallnite

deleted........................

orvil

DAL has a policy that prohibits corporate officers and persons with material corporate information from owning or trading company stock. This prohibition includes spouses and family members of corporate officers and persons with material corporate information.

The way the paragraph in the Company policy manual is written is beyond vague, probably not enforceable and could include any or all employees if widely interpreted.

Ergo (big word for a pilot, look it up), lowly pilots are included in the prohibition. However, we are not in possession of material information. Our union officers are included, but they actively sign a non-disclosure agreement.

The Company has made sure we don't own or trade stock in our 401(k) and former DC accounts. That prohibition was originally implemented to protect us from poor investing habits. It has continued to this day. They don't control our other investment accounts and have no way to monitor them.

I don't own any company stock. I am philosophically opposed to owning anything related to my employer. Airlines are traditionally crappy investments. But, that's just me.

I don't think the SEC would have any problems with pilots owning and trading stocks or options. It just Mother Delta's lawyers. You make the decision.

EdGrimley

For those who missed it:

Q and A. Based upon Ed's answer to the first question, he's sleeping well.

Delta Air Lines, Inc. (DAL) news: Delta Air Lines' CEO Discusses Q1 2014 Results - Earnings Call Transcript - Seeking Alpha


Full Transcript

Delta Air Lines, Inc. (DAL) news: Delta Air Lines' CEO Discusses Q1 2014 Results - Earnings Call Transcript - Seeking Alpha

Purple Drank

edit: orvil addressed above

also...insider info from LCA meetings with the CEO is not publicly available. not sure if that's a problem.

tsquare: someone's tail is twisted...and it's not mine!

Mesabah

No one will care about what Tsquare is doing.

orvil

Unless check airmen sign non-disclosure agreements, they are not receiving material information. A LCA may tell you it's material, but it's really not. Not without the signature.

We are all twisted, one way or another

ATL7ER

All of the DAL stock I received after the merger is still in my Delta 401k and I can go into my Fidelity 401k account and sell any or all of it. Big words and all, what am I missing?

And considering that I got my few thousand shares at $4.26 back in 3/2009 I'm pretty pleased with this airline stock's performance.

tsquare

Yeah, your buddy got me.... killjoy...

That information is meant to be disseminated. That's why they tell us, because they know we cannot keep our big mouths shut. The thing we are not supposed to do is put a name with a specific statement. Like... [redacted] But.... it is intended to be done face to face, not thru the interwebs via Flyboy1.

To answer orvils question, we do not sign nondisclosure statements per se, but I will not discuss things said there on the forum other than to verify when those statements have been proven true. (And many have so far) For that reason I have been accused of being "coy" (right scambo?) but that is not the case.

It was fun while it lasted.

Purple Drank

well, if it makes you feel better, you did twist my tail a little bit.

orvil

The stock you received is a special class of stock. Once you sell it, the proceeds will be deposited in the 401(k) as cash. At that point, you will not be able to go back into DAL. It will be prohibited in that account. It's a one way street.

The transports hit an all time high today. You mightd consider selling all or a portion of your DAL stock gain. It's not a profit until you sell it and put it in your pocket. One of the biggest mistakes people make with investing is the inability to take a profit. You will never sell at the top. Almost at the top is a good place to sell. Mine was gone a long time ago and I haven't looked back.