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    Edward H. Bastian

    Chief Executive Officer at Delta Air Lines Inc
    Board
    Since May 2016
    Age
    67 years
    Tenure
    Joined Delta in 1998 and progressed through roles including Vice President and Controller, Senior Vice President - Finance and Controller, Executive Vice President and Chief Financial Officer, President and Chief Financial Officer, President, before becoming Chief Executive Officer in May 2016.

    Also at Delta Air Lines Inc

    About

    Edward H. Bastian is a seasoned executive known for his long-standing commitment to Delta Air Lines. He began his career at the company in 1998, taking on the role of Vice President and Controller, and later advancing through several key leadership positions. His progression through roles such as Senior Vice President - Finance and Controller, Executive Vice President and Chief Financial Officer, and President demonstrates his expertise in financial management and strategic operations.

    In addition to his primary roles at Delta, he briefly served as the Chief Financial Officer at Acuity Brands and held a significant leadership role at Northwest Airlines, Inc. His varied experience has been instrumental in executing strategic turnaround initiatives and operational efficiency at Delta.

    Beyond his executive responsibilities, he has contributed to corporate governance by joining the Board of Directors on February 5, 2010, and holding director roles with other companies such as Grupo Aeroméxico. His leadership has not only focused on Delta’s growth but also on ensuring strong oversight and strategic direction in the broader aerospace and transportation industry.

    $DAL Performance Under Edward H. Bastian

    Past Roles

    OrganizationRoleDate RangeDetails
    Delta Air Lines President Sep 2007 – May 2016 Ended upon promotion to CEO
    Delta Air Lines President and Chief Financial Officer Sep 2007 – Oct 2008 Concurrent with his presidency
    Northwest Airlines, Inc. President and Chief Executive Officer Oct 2008 – Dec 2009 Held during the Delta-Northwest merger
    Delta Air Lines Executive Vice President and Chief Financial Officer Jul 2005 – Sep 2007 —
    Delta Air Lines Senior Vice President – Finance and Controller 2000 – Apr 2005 —
    Delta Air Lines Vice President and Controller 1998 – 2000 —
    Acuity Brands Chief Financial Officer Jun 2005 – Jul 2005 Brief appointment before returning to Delta

    External Roles

    OrganizationRoleDate Range
    The Woodruff Arts Center Member, Board of Trustees N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$950,000 AnnualFixed base salary as stated in the documents
    Change in Pension Value and Nonqualified Deferred Compensation Earnings$0 AnnualNo pension change reported
    Contributions to Qualified Defined Contribution Plan$29,700 As per planSub-component of All Other Compensation
    Payment due to IRS limits to Qualified Plan$296,421 As per guidelinesSub-component of All Other Compensation
    Reimbursement of Taxes$22,864 AnnualSub-component of All Other Compensation
    Perquisites and Other Benefits$22,198 AnnualSub-component of All Other Compensation

    Performance Compensation

    Data from  FY 2023

    Annual Incentive (2023 MIP)

    MetricValueDetails
    Threshold$950,000 Minimum performance level required for payout
    Target$1,900,000 Pre-established performance measure target
    Maximum$3,800,000 Cap on payout
    Actual Payout$2,704,460 Corresponds to 142.34% of the target award
    Payment ScheduleAnnualAward paid in cash, linked with the Profit Sharing Program

    Long-Term Incentive Program (2023 LTIP)

    MetricValueDetails
    Total Target Award$34,000,000 Sum of all LTIP components
    ComponentsPRSUs, Performance Awards, Time-Based Cash AwardIncludes multiple elements of both equity and cash awards
    PRSUs Threshold236,575 units Minimum equity units to be earned
    PRSUs Target473,150 units Target number of equity units
    PRSUs Maximum1,419,450 units Maximum possible equity units earned
    Grant DateApril 19, 2023 Date on which the awards were granted
    Grant Date Fair Value (PRSUs)$17,000,280 Calculated using the closing price of Delta common stock on the grant date
    Vesting Schedule3-year performance period ending December 31, 2025 Awards vest based on Delta’s financial, customer service, and stock price performance over the period
    Evaluation Period2023-2025Performance measures evaluated over a three-year period

    Note: Specific performance metrics, weights, and detailed conditions for both the 2023 MIP and LTIP awards are not disclosed in the documents.