Rakow Diana Birkett - 07 Feb 2025 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
SVP PUB AFFAIRS/SUSTAINABILITY
Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
07 Feb 2025
Net transactions value
-$153,018
Form type
4
Filing time
11 Feb 2025, 20:55:26 UTC
Previous filing
21 Mar 2024
Next filing
18 Feb 2025
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 +2,090 +19% $0.000000 13,174 07 Feb 2025 Direct F1
transaction ALK COMMON STOCK Tax liability $38,643 -509 -3.9% $75.92 12,665 07 Feb 2025 Direct F2
transaction ALK COMMON STOCK Award $0 +4,682 +37% $0.000000 17,347 11 Feb 2025 Direct F3
transaction ALK COMMON STOCK Tax liability $114,374 -1,570 -9.1% $72.85 15,777 11 Feb 2025 Direct F4

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 -2,090 -100% $0.000000 0 07 Feb 2025 COMMON STOCK 2,090 $0.000000 Direct F1
transaction ALK RESTRICTED STOCK UNITS Award $0 +7,430 $0.000000 7,430 11 Feb 2025 COMMON STOCK 7,430 $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 Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
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 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, 2024, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee on February 11, 2025.
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 PSUs and settled with shares by the reporting person.
F5 The RSUs vest in 1/3 increments over three years (2/11/2026, 2/11/2027, and 2/11/2028).