KYLE B. LEVINE - 13 Feb 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
SVP LEGAL & GEN COUNSEL
Signature
/s/ Howard Kuppler, power of attorney
Issuer symbol
ALK
Transactions as of
13 Feb 2023
Net transactions value
-$15,499
Form type
4
Filing time
14 Feb 2023, 17:47:57 UTC
Previous filing
08 Nov 2022
Next filing
04 May 2023
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 +1,268 +12% $0.000000 12,130 13 Feb 2023 Direct F1
transaction ALK COMMON STOCK Tax liability $15,499 -309 -2.5% $50.16 11,821 13 Feb 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 2022, in accordance with the terms of a PSU award agreement granted on February 11, 2020, under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee on February 13, 2023.
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 PSUs and settled with shares by the reporting person.