DAL Pilots Equity Stake

[buzzfly]

Questions regarding the equity stake the DAL pilots received in the combined carrier. Were the shares deposited into a tax deferred account? Was the value of the shares subject to 401 annual limits? Were the shares tradable day 1? Just a curious SWA pillot. THX.

 

[nwaf16dude]

It all went into the 401k, subject to company contribution limit. Pretty sure it was tradable from day one. We were told that we had to take it all as cash or all into the 401k as a group. No option for one guy to get cash and another to put it in the 401, due to IRS rules.