Alaska Air Group withholds 869 executive shares for taxes

Alaska Air Group, Inc. EVP and CCO Harrison Andrew R reported the settlement of 869 restricted stock units on September 22, 2026; the issuer withheld all 869 underlying common shares to satisfy mandatory FICA and related payroll tax obligations.

Rhea-AI Filing Summary

Alaska Air Group, Inc. EVP and CCO Harrison Andrew R reported the settlement of 869 restricted stock units on September 22, 2026; the issuer withheld all 869 underlying common shares to satisfy mandatory FICA and related payroll tax obligations. The footnote says no common shares were delivered to or sold by Harrison Andrew R. The reported position after the transaction was 22,411 unvested RSUs, scheduled to vest in installments of 6,891 on February 10, 2027, 7,760 on February 10, 2028, and 7,760 on February 10, 2029.

Insider Trade Summary

869 shares exercised/converted

Exercise 3 txns

Insider HARRISON ANDREW R

Role EVP AND CCO

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS F2, F1, F3	869	$0.00	$0.00
Exercise	COMMON STOCK F1, F2	869	$0.00	$0.00
Tax Withholding	COMMON STOCK F1	869	$41.91	$36K

Holdings After Transaction: RESTRICTED STOCK UNITS — 22,411 contracts (Direct); COMMON STOCK — 25,528 shares (Direct)

Footnotes (3)

1. F1. The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).
2. F2. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
3. F3. The RSUs being disposed were from a grant of 23,280 RSUs, that subsequent to the reported transaction will now vest in three annual installments as follows: 6,891 shares on February 10, 2027; 7,760 shares on February 10, 2028; and 7,760 shares on February 10, 2029.

Key Figures

Restricted stock units settled: 869 RSUs Common shares withheld: 869 shares Reported price per share: $41.91 per share +2 more

5 metrics

Restricted stock units settled 869 RSUs September 22, 2026

Common shares withheld 869 shares Withheld for mandatory FICA and related payroll tax obligations on September 22, 2026

Reported price per share $41.91 per share Share-withholding transaction on September 22, 2026

RSUs following transaction 22,411 RSUs Reported position after the September 22, 2026 transaction

Original RSU grant 23,280 RSUs Grant from which the RSUs involved in the transaction were issued

Key Terms

restricted stock units, FICA, substantial risk of forfeiture, Rule 16b-3(e)

4 terms

restricted stock units financial

"Each restricted stock unit (RSUs) represents a contingent right to receive one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

FICA financial

"mandatory FICA and related payroll tax obligations"

substantial risk of forfeiture regulatory

"no longer being subject to a substantial risk of forfeiture"

Rule 16b-3(e) regulatory

"exempt from Section 16(b) pursuant to Rule 16b-3(e)"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Did ALK executive Harrison Andrew R sell shares in this transaction?

No. The footnote says no actual common shares were delivered to or sold by Harrison Andrew R; the issuer withheld the 869 underlying shares solely to satisfy mandatory FICA and related payroll tax obligations.

Was the ALK transaction made under a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported for the transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/24/2026 - 05:34 PM Accepted by SEC EDGAR 09/24/2026 - 05:33 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HARRISON ANDREW R

(Last) (First) (Middle)

ALASKA AIR GROUP, INC.

19300 INTERNATIONAL BLVD

(Street)

SEATTLE WASHINGTON 98188

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ALASKA AIR GROUP, INC. [ ALK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP AND CCO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	09/22/2026		M(1)		869	A	$0(2)	26,397	D
COMMON STOCK	09/22/2026		F(1)		869	D	$41.91	25,528	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
RESTRICTED STOCK UNITS	(2)	09/22/2026		M(1)			869	(3)	(3)	COMMON STOCK	869	$0	22,411	D

Explanation of Responses:

1. The transactions reported on Table I and Table II represent the simultaneous settlement of a portion of unvested RSUs and the subsequent withholding of the underlying shares by the Issuer solely to satisfy mandatory FICA and related payroll tax obligations triggered by the original RSU grant no longer being subject to a substantial risk of forfeiture. No actual shares of common stock were delivered to or sold by the Reporting Person. The remaining underlying RSUs continue to be unvested and subject to the original time-based vesting conditions the award was granted under. These transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e).

2. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

3. The RSUs being disposed were from a grant of 23,280 RSUs, that subsequent to the reported transaction will now vest in three annual installments as follows: 6,891 shares on February 10, 2027; 7,760 shares on February 10, 2028; and 7,760 shares on February 10, 2029.

Remarks:

	/s/ Howard Kuppler, by power of attorney	09/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)