Alaska Air (ALK) EVP gains stock from RSU vesting, covers taxes

Rhea-AI Filing Summary

Alaska Air Group EVP and CCO Andrew R. Harrison reported routine equity compensation activity. On February 11, 2026, 5,450 restricted stock units converted into an equal number of Alaska Air common shares at an exercise price of $0, reflecting scheduled RSU vesting.

To satisfy tax withholding obligations from this vesting, 2,053 common shares were delivered back to the company at $57.50 per share in an exempt, non‑market transaction under Rule 16b‑3(e). After these transactions, Harrison directly held 34,695 Alaska Air common shares and 10,900 restricted stock units, each RSU representing a contingent right to one share.

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^*

HARRISON ANDREW 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 CCO

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/11/2026		M		5,450	A	$0(1)	36,748	D
COMMON STOCK	02/11/2026		F		2,053(2)	D	$57.5	34,695	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	$0(1)	02/11/2026		M			5,450	(3)	(3)	COMMON STOCK	5,450	$0	10,900	D

Explanation of Responses:

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

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 RSUs and settled with shares by the reporting person.

3. The RSUs vesting were from a grant of 16,350 shares awarded on February 11, 2025, that vests in 1/3 increments over three years (2/11/2026, 2/11/2027, and 2/11/2028).

Remarks:

	/s/ Howard Kuppler, by power of attorney	02/13/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did ALK EVP Andrew Harrison report?

Andrew Harrison reported RSU vesting and related tax withholding. 5,450 restricted stock units converted into the same number of Alaska Air common shares, and 2,053 shares were delivered back to the company to cover associated tax obligations.

How many Alaska Air (ALK) shares did the EVP acquire and at what price?

The EVP acquired 5,450 common shares at an exercise price of $0. These shares resulted from restricted stock units vesting, meaning no cash purchase occurred; the conversion reflects equity compensation becoming actual stock ownership.

Why were 2,053 Alaska Air (ALK) shares disposed of in this Form 4?

2,053 shares were delivered to cover tax withholding from RSU vesting. The shares were transferred back to Alaska Air at $57.50 per share under Rule 16b‑3(e), a standard, non‑market tax‑withholding disposition.

How many Alaska Air (ALK) shares does the EVP own after these transactions?

After the transactions, the EVP directly owns 34,695 common shares. He also directly holds 10,900 restricted stock units, each representing a contingent right to receive one additional share of Alaska Air common stock in the future.

What are the terms of the Alaska Air (ALK) RSU grant mentioned?

The vesting RSUs came from a 16,350‑share grant awarded on February 11, 2025. This grant vests in three equal annual installments on 2/11/2026, 2/11/2027, and 2/11/2028, aligning with typical multi‑year executive compensation schedules.