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

Role
President, Horizon Air
Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
19 Mar 2024
Net transactions value
-$6,593
Form type
4
Filing time
21 Mar 2024, 16:59:02 UTC
Previous filing
06 Nov 2023
Next filing
24 Sep 2024
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 +696 +286% $0.000000 939 20 Mar 2024 Direct F1
transaction ALK COMMON STOCK Tax liability $6,593 -170 -18% $38.78 769 20 Mar 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 +8,180 $0.000000 8,180 19 Mar 2024 COMMON STOCK 8,180 Direct F1, F3
transaction ALK RESTRICTED STOCK UNITS Options Exercise $0 -696 -33% $0.000000 1,394 20 Mar 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.