Q3 (gonna be ugly)

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10-27-2020, 05:13 AM

#221

notEnuf

Gets Weekends Off

Thread Starter

Joined APC: Mar 2015

Position: stake holder ir.delta.com

Posts: 10,041

Quote:

Originally Posted by Jaww

Doesn’t stock price typically go up when furloughs announced?

I would guess when you are touting your ability not to furlough among industry piers who have furloughed, it might have a negative impact. Besides, this is most likely him taking his annual paycheck from his stock holdings. My thought is the hypocrisy of his shared sacrifice mantra. He forgoes his pay but not his compensation.

10-27-2020, 05:16 AM

#222

Gone Flying

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Joined APC: Sep 2015

Position: UNA

Posts: 4,421

Quote:

Originally Posted by notEnuf

I would guess when you are touting your ability not to furlough it might have a negative impact. Besides This is most likely him taking his annual paycheck from his stock holdings. My reaction is the hypocrisy of his shared sacrifice mantra. He forgoes his pay but not his compensation.

Is it stock he already owned or new stock issued? If he has not received stock since the beginning of the pandemic I don’t see anything wrong with that, like you and me the Man has bills to pay and selling shares from his portfolio would give him cash to do that. if he has continued to get stock since he went on a $0 salary then yeah the BS flag needs to be waived

10-27-2020, 05:20 AM

#223

theUpsideDown

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Joined APC: Dec 2017

Posts: 2,767

Quote:

Originally Posted by Gone Flying

Not zero, he's forgoing half his salary. I'd have to refresh myself on some of the options but I'd bet he finally hits that RA compensation number next year if the stock recovers some more.

10-27-2020, 05:22 AM

#224

notEnuf

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Joined APC: Mar 2015

Position: stake holder ir.delta.com

Posts: 10,041

Quote:

Originally Posted by Gone Flying

His and all the MIP awards come in February to coincide with PS day. They are awarded per the MIP policy. Only after the annual results are known can they determine the amount awarded. The 2019 10-K details the policy and the individual Form 4s disclose the amount of the award. See the link I previously posted.

here's the 10-K
https://www.sec.gov/Archives/edgar/d...0004-index.htm

here's the MIP
https://www.sec.gov/Archives/edgar/d...2019ex1016.htm

10-27-2020, 05:24 AM

#225

Go Cards go

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Joined APC: Oct 2017

Posts: 381

Last year’s salary was 945,000. A small portion of his 17,000,000+ total compensation. Read the fine print. He gave up 6 months of his salary only. A good talking point to the uninformed masses.

10-27-2020, 05:37 AM

#226

beis77

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Joined APC: Mar 2008

Position: 737 FO

Posts: 630

Quote:

Originally Posted by notEnuf

That transaction took place on Thursday the 22nd of October. Coincidently that’s the same day he called the MEC disagreeable. What does he know that might cause him to sell on that day?

Maybe it was a giant middle finger to the MEC. “I’ll show those disagreeable ****ers, I just made more money in one minute than they’ll make in a decade. Muhahahahha” (in Dr. Evil laughter) 😉

10-27-2020, 11:16 AM

#227

flyboy2181

Line Holder

Joined APC: Mar 2015

Posts: 73

Quote:

Originally Posted by notEnuf

That transaction took place on Thursday the 22nd of October. Coincidently that’s the same day he called the MEC disagreeable. What does he know that might cause him to sell on that day?

You realize how difficult it is for him to sell stock, especially of his own company. There’s no way he picked the date. He’s prob lucky if he can pick the month. If he was smart, he has someone manage all of his finances and stocks. I bet he didn’t even know he was selling stock that day.