Alaska Air Group (NYSE: ALK) CFO reports PSU vesting and 26,740 RSU grant

Rhea-AI Filing Summary

Alaska Air Group EVP and CFO Shane R. Tackett reported equity compensation activity linked to performance awards and new grants. On February 10, 2026, he acquired 17,874 shares of common stock at a price of $0 from the vesting of Performance Stock Units based on performance through December 31, 2025. To cover related tax obligations, 4,900 shares of common stock were disposed of to the company at $59.14 per share under an exempt tax-withholding transaction, leaving him with 46,504 common shares held directly.

He also received 26,740 restricted stock units, each representing a contingent right to one share of Alaska Air Group common stock, which vest in three annual installments of 8,913 shares on February 10, 2027, 8,913 shares on February 10, 2028, and 8,914 shares on February 10, 2029. In addition, 2,806 common shares were reported as indirectly held in the Alaska Air Group Employee Stock Ownership 401(k) Plan Trust as of December 31, 2025.

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

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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^*

TACKETT SHANE R

(Last) (First) (Middle)

ALASKA AIR GROUP, INC.

19300 INTERNATIONAL BLVD

(Street)

SEATTLE WA 98188

(City) (State) (Zip)

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 CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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

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

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

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	02/10/2026		A		17,874(1)	A	$0	51,404	D
COMMON STOCK	02/10/2026		F		4,900(2)	D	$59.14	46,504	D
COMMON STOCK								2,806	I	ESOP TRUST(3)

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	(4)	02/10/2026		A		26,740		(5)	(5)	COMMON STOCK	26,740	$0	26,740	D

Explanation of Responses:

1. 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, 2025, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and upon certification of performance results by the Board's Compensation Committee on February 10, 2026.

2. 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.

3. Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2025.

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

5. The RSUs vest in three annual installments as follows: 8,913 shares on February 10, 2027; 8,913 shares on February 10, 2028; and 8,914 shares on February 10, 2029.

Remarks:

	/s/ Howard Kuppler, by power of attorney	02/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did ALK CFO Shane R. Tackett report on this Form 4?

Shane R. Tackett reported vesting of performance stock units into 17,874 Alaska Air Group common shares and a related tax-withholding share disposition. He also reported a new grant of 26,740 restricted stock units and updated his direct and indirect share holdings.

How many ALK common shares did the CFO acquire from PSU vesting?

He acquired 17,874 shares of Alaska Air Group common stock at $0 per share from vesting Performance Stock Units. These units vested after achievement of performance goals over a three-year period ending December 31, 2025, as certified by the board’s compensation committee.

What tax-related share disposition did the ALK CFO report?

The filing shows 4,900 common shares were disposed of to Alaska Air Group at $59.14 per share. This exempt transaction satisfied tax withholding obligations arising from the vesting of Performance Stock Units, with shares delivered instead of cash to cover those taxes.

How many restricted stock units did the ALK CFO receive and how do they vest?

He received 26,740 restricted stock units, each representing a contingent right to one ALK common share. These RSUs vest in three annual tranches: 8,913 shares on February 10, 2027, 8,913 shares on February 10, 2028, and 8,914 shares on February 10, 2029.

What are Shane R. Tackett’s reported direct and indirect ALK share holdings after these transactions?

After the reported transactions, he directly holds 46,504 Alaska Air Group common shares. The filing also reports 2,806 common shares held indirectly through the Alaska Air Group Employee Stock Ownership 401(k) Plan Trust, as of December 31, 2025.

Was this ALK insider transaction a market purchase or sale of shares?

The activity reflects equity compensation rather than an open-market trade. Shares were acquired at $0 from performance unit vesting, and 4,900 shares were delivered back to the company at $59.14 per share solely to satisfy tax withholding obligations.