Andrew R. Harrison - Nov 5, 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
EVP AND CCO
Signature
/s/ Howard Kuppler, by power of attorney
Stock symbol
ALK
Transactions as of
Nov 5, 2023
Transactions value $
-$43,427
Form type
4
Date filed
11/7/2023, 05:03 PM
Previous filing
May 4, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +3.29K +17.08% $0.00 22.5K Nov 5, 2023 Direct F1
transaction ALK COMMON STOCK Tax liability -$43.4K -1.29K -5.74% $33.56 21.2K Nov 5, 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 -3.29K -100% $0.00* 0 Nov 5, 2023 COMMON STOCK 3.29K $0.00 Direct F1, F3
* 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 vesting were from a grant of 9,860 RSUs awarded on November 5, 2020, that vested in three annual installments as follows: 3,286 shares on November 5, 2021; 3,287 shares on November 5, 2022; and 3,287 shares on November 5, 2023.