The President of Delta Airlines Inc is reported to have made $1. 04 million in sale of stocks after senior Delta executives earned stock bonuses by acquiring the Northwest Airlines reveal Government documents.

According to filings made with Securities and Exchanges Commission, Delta Airlines President Ed Bastian and other company executives who actively participated in the Northwest acquisition have sold hundreds of thousands of stock in recent days. While Bastian sold 100,000 shares for $1.04 million at $10.45 per share, the new Delta Chief Financial Officer Hank Halter sold over 64,000 shares for $694,000 at $10.75 per share.

Among other top executives of Delta to have sold the lucrative stock bonuses were Mike Campbell, executive vice president of human resources and labor relations and Glen Hauenstein, executive vice president for network planning and revenue management.

Delta Airlines received federal approval for the acquisition of Northwest Airlines on October 29 in an all-stock deal worth $2.7 billion. According to the deal, over 15% of the company’s’ stocks would go to company employees. Over the following days, Delta CEO Richard Anderson and several top executives from Delta as well as Northwest Airlines received stock and vested stock options priced at tens of millions of dollars combined.