Benito Minicucci - Feb 13, 2024 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: CEO AND PRESIDENT, Director
Signature: /s/ Howard Kuppler, by power of attorney
Stock symbol: ALK
Transactions as of: Feb 13, 2024
Transactions value $: -$260,708
Form type: 4
Date filed: 2/16/2024, 06:18 AM
Previous filing: Dec 11, 2023
Next filing: Feb 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Award	$0	+18.1K	+15.1%	$0.00	138K	Feb 13, 2024	Direct	F1
transaction	ALK	COMMON STOCK	Tax liability	-$261K	-7.13K	-5.16%	$36.57	131K	Feb 13, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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, 2023, in accordance with the terms of a PSU award agreement originally granted on February 9, 2021, under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee on February 13, 2024.
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 PSUs and settled with shares by the reporting person.

Content

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, 2023, in accordance with the terms of a PSU award agreement originally granted on February 9, 2021, under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee on February 13, 2024.

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.