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The real question about the stock payouts to the pilots is the total value of the company. I have not seen a estimated value, since the Delta pilots are supposed to receive 3.5% of the new Delta. I do know the expected revenue of the new company was estimated to be over $35B.
Most pilots are going to average about 4000 shares in the new company, but at what stock price?
If anyone has any information on this I would like to know.
Just my opinion, I could be wrong.
Champ 42272
ALPA has hired an outside financial firm to sell the shares as it sees fit to maximize value. As I understand it is the same company they used to sell the BK claim. They may sell it all at once, or more likely in blocks when they think the market is favorable. Only when all the stock is gone will we know the value of the share, then that money will be distruibuted into our 401k's. Any excess over the IRS yearly limit will be paid in cash. If the firm cannot sell all of the stock at a "good" price we will just get the leftover shares of DAL placed into our 401k to do with what we wish.
So to get an estimate of an individual's take multiply the number of shares (about 3400-4000 depending on senority) by whatever price you think the stock will sell at.