E. Von Muehlen - May 2, 2023 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
EVP AND COO
Signature
/s/ Howard Kuppler, by power of attorney
Stock symbol
ALK
Transactions as of
May 2, 2023
Transactions value $
-$28,407
Form type
4
Date filed
5/4/2023, 05:04 PM
Previous filing
Mar 7, 2023
Next filing
Nov 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +1.19K +16.69% $0.00 8.32K May 2, 2023 Direct F1
transaction ALK COMMON STOCK Tax liability -$18.9K -436 -5.24% $43.37 7.88K May 2, 2023 Direct F2
transaction ALK COMMON STOCK Award $0 +556 +7.05% $0.00 8.44K May 2, 2023 Direct F3
transaction ALK COMMON STOCK Tax liability -$9.5K -219 -2.59% $43.37 8.22K May 2, 2023 Direct F4
holding ALK COMMON STOCK 470 May 2, 2023 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 +1.19K $0.00 1.19K May 2, 2023 COMMON STOCK 1.19K $0.00 Direct F1
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -1.19K -100% $0.00* 0 May 2, 2023 COMMON STOCK 1.19K $0.00 Direct F1
transaction ALK RESTRICTED STOCK UNITS Award $0 +4.11K $0.00 4.11K May 2, 2023 COMMON STOCK 4.11K $0.00 Direct F1
transaction ALK RESTRICTED STOCK UNITS Award $0 +5.81K $0.00 5.81K May 2, 2023 COMMON STOCK 5.81K $0.00 Direct F1
transaction ALK EMPLOYEE STOCK OPTION (RIGHT TO BUY) Award $0 +8.58K $0.00 8.58K May 2, 2023 COMMON STOCK 8.58K $69.49 Direct F5
transaction ALK EMPLOYEE STOCK OPTION (RIGHT TO BUY) Award $0 +2.59K $0.00 2.59K May 2, 2023 COMMON STOCK 2.59K $64.55 Direct F6
transaction ALK COMMON STOCK Award $0 +13.8K $0.00 13.8K May 2, 2023 COMMON STOCK 13.8K $55.36 Direct F7
transaction ALK RESTRICTED STOCK UNITS Award $0 +13.2K $0.00 13.2K May 4, 2023 COMMON STOCK 13.2K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit 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 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.
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 option vests as to 3,546 shares on May 2, 2023; as to 2,515 shares on April 3, 2024; and as to 2,515 shares on April 3, 2025.
F6 The option vests as to 1,292 shares on May 2, 2023, and as to 1,293 shares on February 11, 2024.
F7 The option vests as to 3,442 shares on May 2, 2023; as to 3,443 shares on February 7, 2024; as to 3,442 shares on February 7, 2025; and as to 3,443 shares on February 7, 2026.