Benito Minicucci - 05 Nov 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
CEO AND PRESIDENT, Director
Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
05 Nov 2023
Net transactions value
-$117,192
Form type
4
Filing time
07 Nov 2023, 17:06:33 UTC
Previous filing
09 Jun 2023
Next filing
11 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +4,930 +4.3% $0.000000 119,436 05 Nov 2023 Direct F1
transaction ALK COMMON STOCK Tax liability $65,106 -1,940 -1.6% $33.56 117,496 05 Nov 2023 Direct F2
transaction ALK COMMON STOCK Options Exercise $0 +3,942 +3.4% $0.000000 121,438 05 Nov 2023 Direct F1
transaction ALK COMMON STOCK Tax liability $52,085 -1,552 -1.3% $33.56 119,886 05 Nov 2023 Direct F2

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 -4,930 -100% $0.000000* 0 05 Nov 2023 COMMON STOCK 4,930 $0.000000 Direct F1, F3
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -3,942 -33% $0.000000 7,884 05 Nov 2023 COMMON STOCK 3,942 $0.000000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
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 RSUs disposed were from a grant of 14,790 RSUs awarded on November 5, 2020, that vested in three equal annual installments of 4,930 shares beginning on the first anniversary of the grant date.
F4 The RSUs disposed were from a grant of 19,710 RSUs awarded on November 5, 2020, that vest in five equal annual installments of 3,942 shares beginning on the first anniversary of the grant date.