Kyle B. Levine - Feb 7, 2025 Form 4 Insider Report for ALASKA AIR GROUP, INC. (ALK)

Role
SVP LEGAL & GEN COUNSEL
Signature
/s/ Howard Kuppler, by power of attorney
Stock symbol
ALK
Transactions as of
Feb 7, 2025
Transactions value $
-$298,741
Form type
4
Date filed
2/11/2025, 08:38 PM
Previous filing
Jan 31, 2025
Next filing
Feb 18, 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 +3.25K +19.48% $0.00 19.9K Feb 7, 2025 Direct F1
transaction ALK COMMON STOCK Tax liability -$89.7K -1.18K -5.92% $75.92 18.8K Feb 7, 2025 Direct F2
transaction ALK COMMON STOCK Award $0 +7.29K +38.87% $0.00 26K Feb 11, 2025 Direct F3
transaction ALK COMMON STOCK Tax liability -$209K -2.87K -11.02% $72.85 23.2K Feb 11, 2025 Direct F4

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 -3.25K -100% $0.00 0 Feb 7, 2025 COMMON STOCK 3.25K $0.00 Direct F1
transaction ALK COMMON STOCK Award $0 +11.2K $0.00 11.2K Feb 11, 2025 COMMON STOCK 401(K) 11.2K $0.00 Direct F1, F5
* 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 to 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 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.
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 RSUs vest in 1/3 increments over three years (2/11/2026, 2/11/2027, and 2/11/2028).