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Alaska Air Group (ALK) EVP logs RSU vesting and tax share withholding

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Alaska Air Group executive Diana Birkett Rakow reported equity compensation activity involving restricted stock units (RSUs) and common shares. On February 11, 2026, she exercised RSUs covering 2,476 shares of Alaska Air Group common stock at $0 per share, converting them into directly held common stock.

To cover tax withholding obligations from this RSU vesting, 603 common shares were withheld and disposed of at $57.50 per share in an exempt transaction to the issuer. After these transactions, she directly owned 23,865 shares of common stock and 4,954 RSUs, which continue to vest in equal annual installments through 2028.

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Insider BIRKETT RAKOW DIANA
Role EVP & CEO of Hawaiian Airlines
Type Security Shares Price Value
Exercise RESTRICTED STOCK UNITS 2,476 $0.00 --
Exercise COMMON STOCK 2,476 $0.00 --
Tax Withholding COMMON STOCK 603 $57.50 $35K
Holdings After Transaction: RESTRICTED STOCK UNITS — 4,954 shares (Direct); COMMON STOCK — 24,468 shares (Direct)
Footnotes (1)
  1. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. 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. The RSUs vesting were from a grant of 7,430 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).
Form 4 Insider Transactions: What Each Field Means →
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*
BIRKETT RAKOW DIANA
(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 & CEO of Hawaiian Airlines
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 2,476 A $0(1) 24,468 D
COMMON STOCK 02/11/2026 F 603(2) D $57.5 23,865 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 2,476 (3) (3) COMMON STOCK 2,476 $0 4,954 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 7,430 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
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Diana Birkett Rakow report for ALK on February 11, 2026?

Diana Birkett Rakow reported RSU vesting and related share withholding on February 11, 2026. She converted 2,476 restricted stock units into common shares, then had 603 of those shares withheld at $57.50 each to satisfy tax obligations in an exempt transaction to Alaska Air Group.

How many Alaska Air Group RSUs vested for ALK executive Diana Birkett Rakow?

On February 11, 2026, 2,476 RSUs vested for Diana Birkett Rakow, each representing one share of Alaska Air Group common stock. These RSUs are part of a 7,430-share award granted on February 11, 2025, scheduled to vest in three equal annual installments through 2028.

At what price were Alaska Air Group shares withheld for taxes in this ALK Form 4?

Alaska Air Group common shares were withheld at $57.50 per share to cover tax obligations. A total of 603 shares were disposed of back to the issuer under Rule 16b-3(e), reflecting a tax-withholding transaction related to the vesting of restricted stock units reported in the filing.

How many Alaska Air Group shares does Diana Birkett Rakow hold after these ALK transactions?

After the reported transactions, Diana Birkett Rakow directly owned 23,865 shares of Alaska Air Group common stock. She also held 4,954 restricted stock units, which represent additional contingent rights to receive common shares as they continue to vest over the remaining vesting schedule.

What are the vesting terms of the RSU grant reported by ALK executive Diana Birkett Rakow?

The RSUs vesting came from a 7,430-share award granted on February 11, 2025. This grant vests in three equal annual installments on February 11, 2026, February 11, 2027, and February 11, 2028, with each vested unit convertible into one Alaska Air Group common share.