Andrea L. Schneider - Feb 7, 2022 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
SVP PEOPLE
Signature
/s/JEANNE E. GAMMON, ATTORNEY IN FACT FOR ANDREA L. SCHNEIDER
Stock symbol
ALK
Transactions as of
Feb 7, 2022
Transactions value $
-$10,518
Form type
4
Date filed
2/9/2022, 05:41 PM
Previous filing
Nov 8, 2021
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Award $0 +780 +6.07% $0.00 13.6K Feb 7, 2022 Direct F1, F2
transaction ALK COMMON STOCK Tax liability -$10.5K -190 -1.39% $55.36 13.4K Feb 7, 2022 Direct F3, F4
holding ALK COMMON STOCK 15 Feb 7, 2022 HELD BY SPOUSE

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 +3.25K $0.00 3.25K Feb 7, 2022 COMMON STOCK 3.25K $0.00 Direct F5
transaction ALK EMPLOYEE STOCK OPTION (RT TO BUY) Award $0 +7.71K $0.00 7.71K Feb 7, 2022 COMMON STOCK 7.71K $55.36 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 COMMON SHARES ISSUED UPON ATTAINING PERFORMANCE GOALS SET FOR A THREE-YEAR PERIOD ENDING 12/31/21 IN ACCORDANCE WITH THE TERMS OF A PERFORMANCE STOCK UNIT AWARD GRANTED ON 2/14/2019 UNDER THE ISSUER'S 2016 PERFORMANCE INCENTIVE PLAN; PER APPROVAL BY THE BOARD'S COMPENSATION COMMITTEE ON 2/7/2022.
F2 TOTAL SHARES BENEFICIALLY HELD FOLLOWING THIS TRANSACTION REFLECTS AN ADJUSTED FOR AN OVERSTATEMENT OF 33 SHARES ON FORM 3 FILED 08/31/2017 WHICH CARRIED FORWARD IN SUBSEQUENT FORM 4 FILINGS PRIOR TO THIS TRANSACTION.
F3 SHARES FORFEITED TO COVER PAYROLL TAXES UPON VESTING OF PERFORMANCE STOCK UNITS ON 2/7/2022.
F4 PRICE PROVIDED IN COLUMN 4 REPRESENTS THE FMV OF ALK SHARES ON THE DATE SHARES WERE FORFEITED FOR TAXES.
F5 RESTRICTED STOCK UNITS CLIFF VEST 3 YEARS FROM GRANT AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
F6 OPTIONS VEST IN 25% INCREMENTS OVER FOUR YEARS (2/7/2023, 2/7/2024, 2/7/2025 AND 2/7/2026).