SHANE R. TACKETT - 07 Feb 2025 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
EVP AND CFO
Signature
/s/ Howard Kuppler, by power of attorney
Issuer symbol
ALK
Transactions as of
07 Feb 2025
Net transactions value
-$1,291,758
Form type
4
Filing time
11 Feb 2025, 20:09:34 UTC
Previous filing
12 Dec 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 +7,440 +27% $0.000000 34,802 07 Feb 2025 Direct F1
transaction ALK COMMON STOCK Tax liability $222,370 -2,929 -8.4% $75.92 31,873 07 Feb 2025 Direct F2
transaction ALK COMMON STOCK Options Exercise $731,970 +13,222 +41% $55.36 45,095 10 Feb 2025 Direct
transaction ALK COMMON STOCK Options Exercise $331,855 +8,470 +19% $39.18 53,565 10 Feb 2025 Direct
transaction ALK COMMON STOCK Options Exercise $18,114 +276 +0.52% $65.63 53,841 10 Feb 2025 Direct
transaction ALK COMMON STOCK Options Exercise $60,467 +925 +1.7% $65.37 54,766 10 Feb 2025 Direct
transaction ALK COMMON STOCK Sale $1,733,971 -22,893 -42% $75.74 31,873 10 Feb 2025 Direct F3
transaction ALK COMMON STOCK Award $0 +16,666 +52% $0.000000 48,539 11 Feb 2025 Direct F4
transaction ALK COMMON STOCK Tax liability $477,823 -6,559 -14% $72.85 41,980 11 Feb 2025 Direct F5
holding ALK COMMON STOCK 2,806 07 Feb 2025 ESOP TRUST F6

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 -7,440 -100% $0.000000 0 07 Feb 2025 COMMON STOCK 7,440 $0.000000 Direct F1
transaction ALK EMPLOYEE STOCK OPTION (RIGHT TO BUY) Options Exercise $0 -13,222 -75% $0.000000 4,408 10 Feb 2025 COMMON STOCK 13,222 $55.36 Direct F7
transaction ALK EMPLOYEE STOCK OPTION (RIGHT TO BUY) Options Exercise $0 -8,470 -100% $0.000000 0 10 Feb 2025 COMMON STOCK 8,470 $39.18 Direct F8
transaction ALK EMPLOYEE STOCK OPTION (RIGHT TO BUY) Options Exercise $0 -276 -100% $0.000000 0 10 Feb 2025 COMMON STOCK 276 $65.63 Direct F9
transaction ALK EMPLOYEE STOCK OPTION (RIGHT TO BUY) Options Exercise $0 -925 -100% $0.000000 0 10 Feb 2025 COMMON STOCK 925 $65.37 Direct F10
transaction ALK RESTRICTED STOCK UNITS Award $0 +19,330 $0.000000 19,330 11 Feb 2025 COMMON STOCK 19,330 $0.000000 Direct F1, F11
* 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 price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $75.7000 to $75.8250, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 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.
F5 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.
F6 Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2024.
F7 The options exercised were from a grant of 17,630 options that vested or will vest in 25% increments over four years (2/7/2023, 2/7/2024, 2/7/2025 and 2/7/2026).
F8 The options vested in equal installments on the first three anniversaries of the grant date (11/15/2021, 11/5/20222 and 11/5/2023).
F9 The options exercised were from a grant of 1,750 shares that vested in 25% increments over four years (2/9/2017, 2/9/2018, 2/9/2019 and 2/9/2020).
F10 The options exercised were from a grant of 1,850 shares that vested in 25% increments over four years (2/10/2016, 2/10/2017, 2/10/2018 and 2/10/2019).
F11 The RSUs vest in 1/3 increments over three years (2/11/2026, 2/11/2027, and 2/11/2028).