KYLE B. LEVINE - 02 May 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
02 May 2023
Net transactions value
-$26,282
Form type
4
Filing time
04 May 2023, 16:23:30 UTC
Previous filing
14 Feb 2023
Next filing
06 Nov 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 +423 +3.6% $0.000000 12,244 02 May 2023 Direct F1
transaction ALK COMMON STOCK Tax liability $4,510 -104 -0.85% $43.37 12,140 02 May 2023 Direct F2
transaction ALK COMMON STOCK Options Exercise $0 +2,060 +17% $0.000000 14,200 02 May 2023 Direct F3
transaction ALK COMMON STOCK Tax liability $21,772 -502 -3.5% $43.37 13,755 02 May 2023 Direct F4, F5

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 +2,060 $0.000000 2,060 02 May 2023 COMMON STOCK 2,060 $0.000000 Direct F3
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -2,060 -100% $0.000000* 0 02 May 2023 COMMON STOCK 2,060 $0.000000 Direct F3
transaction ALK RESTRICTED STOCK UNITS Award $0 +2,900 $0.000000 2,900 02 May 2023 COMMON STOCK 2,900 $0.000000 Direct F3
transaction ALK RESTRICTED STOCK UNITS Award $0 +3,250 $0.000000 3,250 02 May 2023 COMMON STOCK 3,250 $0.000000 Direct F3
transaction ALK EMPLOYEE STOCK OPTION (RIGHT TO BUY) Award $0 +5,445 $0.000000 5,445 02 May 2023 COMMON STOCK 5,445 $55.74 Direct F6
transaction ALK EMPLOYEE STOCK OPTION (RIGHT TO BUY) Award $0 +485 $0.000000 485 02 May 2023 COMMON STOCK 485 $55.36 Direct F7
transaction ALK RESTRICTED STOCK UNITS Award $0 +7,740 $0.000000 7,740 04 May 2023 COMMON STOCK 7,740 $0.000000 Direct F3
* 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 under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee.
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.
F3 Each restricted stock unit represents a contingent right to receive one share of ALK common stock.
F4 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.
F5 Includes 57 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on April 30, 2023, in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F6 The option vests as to 1,815 shares on May 2, 2023; as to 1,815 shares on February 9, 2024, and as to 1,815 shares on February 9, 2025.
F7 The option vests as to 363 shares on February 7, 2025, and as to 122 shares on February 7, 2026.