Shane R. Tackett - 07 Feb 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
Issuer symbol
ALK
Transactions as of
07 Feb 2022
Net transactions value
-$32,109
Form type
4
Filing time
09 Feb 2022, 18:00:25 UTC
Previous filing
12 Nov 2021
Next filing
16 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Award $0 +2,379 +26% $0.000000 11,441 07 Feb 2022 Direct F1
transaction ALK COMMON STOCK Tax liability $32,109 -580 -5.1% $55.36 10,861 07 Feb 2022 Direct F2, F3
holding ALK COMMON STOCK 2,806 07 Feb 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 +7,440 $0.000000 7,440 07 Feb 2022 COMMON STOCK 7,440 $0.000000 Direct F5
transaction ALK EMPLOYEE STOCK OPTION (RT TO BUY) Award $0 +17,630 $0.000000 17,630 07 Feb 2022 COMMON STOCK 17,630 $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).