Benito Minicucci - Feb 11, 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
CEO AND PRESIDENT
Signature
/s/ Howard Kuppler, by power of attorney
Stock symbol
ALK
Transactions as of
Feb 11, 2023
Transactions value $
-$286,056
Form type
4
Date filed
2/14/2023, 05:50 PM
Previous filing
Nov 8, 2022
Next filing
May 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +7.51K +6.81% $0.00 118K Feb 11, 2023 Direct F1
transaction ALK COMMON STOCK Tax liability -$138K -2.78K -2.36% $49.58 115K Feb 11, 2023 Direct F2
transaction ALK COMMON STOCK Award $0 +7.51K +6.53% $0.00 122K Feb 13, 2023 Direct F3
transaction ALK COMMON STOCK Tax liability -$148K -2.96K -2.41% $50.16 120K Feb 13, 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -7.51K -100% $0.00* 0 Feb 11, 2023 COMMON STOCK 7.51K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
F2 The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of RSUs and settled with shares by the reporting person.
F3 The acquisition resulted from the vesting of Performance Stock Units (PSUs) pursuant to the attainment of certain performance goals over a three-year period ending December 31, 2022, in accordance with the terms of a PSU award agreement granted on February 11, 2020, under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee on February 13, 2023.
F4 The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of PSUs and settled with shares by the reporting person.