Jason M. Berry - Mar 19, 2024 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
President, Horizon Air
Signature
/s/ Howard Kuppler, by power of attorney
Stock symbol
ALK
Transactions as of
Mar 19, 2024
Transactions value $
-$6,593
Form type
4
Date filed
3/21/2024, 04:59 PM
Previous filing
Nov 6, 2023
Next filing
Sep 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALK COMMON STOCK Options Exercise $0 +696 +286.42% $0.00 939 Mar 20, 2024 Direct F1
transaction ALK COMMON STOCK Tax liability -$6.59K -170 -18.1% $38.78 769 Mar 20, 2024 Direct F2

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 +8.18K $0.00 8.18K Mar 19, 2024 COMMON STOCK 8.18K Direct F1, F3
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -696 -33.3% $0.00 1.39K Mar 20, 2024 COMMON STOCK 696 Direct F1, F4
* 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 The RSUs vest in three annual installments as follows: 2,726 shares on February 13, 2025; 2,727 shares on February 13, 2026; and 2,727 shares on February 13, 2027.
F4 The RSUs vesting were from a grant of 2,090 shares that vested as to 696 shares on March 20, 2024; and that will vest as to 697 shares on March 20, 2025, and as to 697 shares on March 20, 2026.