Airline Insider Hits Eject, Sells 40,460 Shares Valued at $3.8 Million

Steven M. Sear, EVP at Delta Air Lines, sold 40,460 shares worth $3.8 million on August 5, 2026, representing 28% of his equity holdings. The sale followed an exercise of stock options at $51.23 per share, with shares sold at $93.55. While Delta has delivered strong performance with a 76% one-year return and beat recent earnings estimates, the stock's P/E ratio of 15x is now at its highest level in three years, raising valuation concerns.