Daniel Kevin Elwell - May 4, 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role: Director
Signature: /s/ Howard Kuppler, by power of attorney
Stock symbol: ALK
Transactions as of: May 4, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/8/2023, 07:34 PM
Previous filing: May 5, 2022
Next filing: May 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ALK	COMMON STOCK	Award	$0	+2.85K	+64.26%	$0.00	7.29K	May 4, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan in connection with the reporting person's re-election to serve on the Board of Directors until the 2024 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.
F2	Includes 2,346 DSUs previously granted under the Issuer's 2016 Performance Incentive Plan.

Content

Deferred stock units (DSUs) granted under the Alaska Air Group, Inc. (the "Issuer") 2016 Performance Incentive Plan in connection with the reporting person's re-election to serve on the Board of Directors until the 2024 Annual Stockholders Meeting. The DSUs are 100% vested and payable in shares of the Issuer's common stock on a one-for-one basis following the resignation of the reporting person from the Issuer's Board of Directors.

Includes 2,346 DSUs previously granted under the Issuer's 2016 Performance Incentive Plan.