Shane R. Tackett - Feb 7, 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
EVP AND CFO
Signature
/s/JEANNE E. GAMMON, ATTORNEY IN FACT FOR SHANE R. TACKETT
Stock symbol
ALK
Transactions as of
Feb 7, 2022
Transactions value $
-$32,109
Form type
4
Date filed
2/9/2022, 06:00 PM
Previous filing
Nov 12, 2021
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Award $0 +2.38K +26.25% $0.00 11.4K Feb 7, 2022 Direct F1
transaction ALK COMMON STOCK Tax liability -$32.1K -580 -5.07% $55.36 10.9K Feb 7, 2022 Direct F2, F3
holding ALK COMMON STOCK 2.81K Feb 7, 2022 ESOP TRUST 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 Award $0 +7.44K $0.00 7.44K Feb 7, 2022 COMMON STOCK 7.44K $0.00 Direct F5
transaction ALK EMPLOYEE STOCK OPTION (RT TO BUY) Award $0 +17.6K $0.00 17.6K Feb 7, 2022 COMMON STOCK 17.6K $55.36 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 COMMON SHARES ISSUED UPON ATTAINING PERFORMANCE GOALS SET FOR A THREE-YEAR PERIOD ENDING 12/31/21 IN ACCORDANCE WITH THE TERMS OF A PERFORMANCE STOCK UNIT AWARD GRANTED ON 2/14/2019 UNDER THE ISSUER'S 2016 PERFORMANCE INCENTIVE PLAN; PER APPROVAL BY THE BOARD'S COMPENSATION COMMITTEE ON 2/7/2022.
F2 SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF PERFORMANCE STOCK UNITS ON 2/7/2022.
F3 PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.
F4 COMMON SHARES HELD IN THE ALASKA AIR GROUP, INC. EMPLOYEE STOCK OWNERSHIP 401(K) PLAN TRUST, AS OF 12/31/2021. SHARES BENEFICIALLY OWNED WERE REDUCED 1 SHARES TO REFLECT A FEE ADJUSTMENT MADE BY THE TRUSTEE.
F5 RESTRICTED STOCK UNITS CLIFF VEST 3 YEARS FROM GRANT AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
F6 OPTIONS VEST IN 25% INCREMENTS OVER FOUR YEARS (2/7/2023, 2/7/2024, 2/7/2025 AND 2/7/2026).