Benito Minicucci - 07 Feb 2025 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
07 Feb 2025
Net transactions value
-$1,394,758
Form type
4
Filing time
11 Feb 2025, 20:33:26 UTC
Previous filing
27 Jan 2025
Next filing
18 Feb 2025
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 +15,110 +14% $0.000000 126,298 07 Feb 2025 Direct F1
transaction ALK COMMON STOCK Tax liability $424,469 -5,591 -4.4% $75.92 120,707 07 Feb 2025 Direct F2
transaction ALK COMMON STOCK Award $0 +33,846 +28% $0.000000 154,553 11 Feb 2025 Direct F3
transaction ALK COMMON STOCK Tax liability $970,289 -13,319 -8.6% $72.85 141,234 11 Feb 2025 Direct F4, F5

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 -15,110 -100% $0.000000 0 07 Feb 2025 COMMON STOCK 15,110 $0.000000 Direct F1, F6
transaction ALK RESTRICTED STOCK UNITS Award $0 +46,460 $0.000000 46,460 11 Feb 2025 COMMON STOCK 46,460 $0.000000 Direct F1, F7
* 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, 2024, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee on February 11, 2025.
F4 REFLECTS AN ADDITIONAL 2,440 RESTRICTED STOCK UNITS REFERRED TO IN FOOTNOTE 1 ON THE FORM 4 FILED ON 02/16/2017 WHICH WERE INADVERTENTLY EXCLUDED FROM COLUMN 5 IN SUCH FORM 4 AND IN SUBSEQUENT REPORTS. ALSO REFLECTS AN ADDITIONAL 16 SHARES OF COMMON STOCK THAT ARE BENEFICIALLY OWNED BY THE REPORTING PERSON WHICH WERE NOT ATTRIBUTED DUE TO A CALCULATION ERROR RELATED TO A STOCK SPLIT THAT OCCURRED IN JULY 2014.
F5 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.
F6 RESTRICTED STOCK UNITS CLIFF VEST 3 YEARS FROM GRANT AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
F7 The RSU vest in annual 1/3 increments over three years (2/11/2026, 2/11/2027 and 2/11/2028).