Joseph A. Sprague - Nov 5, 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
Sr Adv to CEO Alaska Airlines
Signature
/s/ Howard Kuppler, by power of attorney
Stock symbol
ALK
Transactions as of
Nov 5, 2023
Transactions value $
-$13,055
Form type
4
Date filed
11/7/2023, 05:13 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 +987 +6.31% $0.00 16.6K Nov 5, 2023 Direct F1
transaction ALK COMMON STOCK Tax liability -$13.1K -389 -2.34% $33.56 16.3K Nov 5, 2023 Direct F2
holding ALK COMMON STOCK 7.05K Nov 5, 2023 ESOP TRUST F3

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 -987 -100% $0.00* 0 Nov 5, 2023 COMMON STOCK 987 $0.00 Direct F1, F4
* 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 Common Shares held in the Alaska Air Group Inc. Employee Stock Ownership 401(k) Plan Trust, as of 12/31/2022.
F4 The RSUs disposed were from a grant of 2,960 RSUs awarded on November 5, 2020, that vested in three annual installments as follows: 986 shares on November 5, 2021; 987 shares on November 5, 2022; and 987 shares on November 5, 2023.