KYLE B. LEVINE - 02 Nov 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
SVP LEGAL & GEN COUNSEL
Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
02 Nov 2023
Net transactions value
-$13,055
Form type
4
Filing time
06 Nov 2023, 16:55:28 UTC
Previous filing
04 May 2023
Next filing
13 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +987 +7.2% $0.000000 14,742 05 Nov 2023 Direct F1
transaction ALK COMMON STOCK Tax liability $13,055 -389 -2.6% $33.56 14,450 05 Nov 2023 Direct F2, 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 Award $0 +14,570 $0.000000 14,570 02 Nov 2023 COMMON STOCK 14,570 $0.000000 Direct F1, F4
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -987 -100% $0.000000* 0 05 Nov 2023 COMMON STOCK 987 $0.000000 Direct F1, F5
* 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 Includes 97 shares acquired under the Alaska Air Group, Inc. Employee Stock Purchase Plan on October 31, 2023, in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
F4 The RSUs vest in three annual installments as follows: 4,856 shares on November 2, 2024; 4,857 shares on November 2, 2025; and 4,857 shares on November 2, 2026.
F5 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.