Alaska Air CEO has 2,698 shares withheld for taxes

The remaining 69,612 RSUs are scheduled across installments of 21,405, 24,103 and 24,104 shares through February 10, 2029.

Rhea-AI Filing Summary

Alaska Air Group CEO and President Benito Minicucci reported the settlement of 2,698 restricted stock units on September 22, 2026, followed by the issuer withholding 2,698 underlying shares at $49.91 per share for mandatory FICA and related payroll taxes. No common shares were delivered to or sold by him. The remaining 69,612 RSUs from the grant are scheduled to vest in three annual installments: 21,405 shares on February 10, 2027; 24,103 on February 10, 2028; and 24,104 on February 10, 2029. No Rule 10b5-1 plan is reported.

Insider Trade Summary

2,698 shares exercised/converted

Exercise 3 txns

Insider MINICUCCI BENITO

Role CEO AND PRESIDENT

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS F2, F1, F3	2,698	$0.00	$0.00
Exercise	COMMON STOCK F1, F2	2,698	$0.00	$0.00
Tax Withholding	COMMON STOCK F1	2,698	$49.91	$135K

Holdings After Transaction: RESTRICTED STOCK UNITS — 69,612 contracts (Direct); COMMON STOCK — 256,582 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 72,310 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 21,405 shares on February 10, 2027; 24,103 shares on February 10, 2028; and 24,104 shares on February 10, 2029.

Key Figures

Restricted stock units settled: 2,698 RSUs Shares withheld for taxes: 2,698 shares Price per share withheld: $49.91 per share +4 more

7 metrics

Restricted stock units settled 2,698 RSUs September 22, 2026

Shares withheld for taxes 2,698 shares Withheld by the issuer on September 22, 2026

Price per share withheld $49.91 per share September 22, 2026

Remaining restricted stock units 69,612 RSUs Following the September 22, 2026 transaction

First vesting installment 21,405 shares February 10, 2027

Second vesting installment 24,103 shares February 10, 2028

Third vesting installment 24,104 shares February 10, 2029

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 regulatory

"mandatory FICA and related payroll tax obligations"

substantial risk of forfeiture financial

"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.

How many Alaska Air Group RSUs did CEO Benito Minicucci settle?

Benito Minicucci's reported settlement involved 2,698 restricted stock units on September 22, 2026. The issuer withheld 2,698 underlying shares to satisfy mandatory FICA and related payroll tax obligations; no common shares were delivered to or sold by him.

When do ALK CEO Benito Minicucci's remaining RSUs vest?

The remaining 69,612 RSUs from the grant vest in three annual installments: 21,405 shares on February 10, 2027, 24,103 shares on February 10, 2028, and 24,104 shares on February 10, 2029.

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

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Available on EDGAR 09/24/2026 - 05:31 PM Accepted by SEC EDGAR 09/24/2026 - 05:31 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^*

MINICUCCI BENITO

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO AND PRESIDENT

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)		2,698	A	$0(2)	259,280	D
COMMON STOCK	09/22/2026		F(1)		2,698	D	$49.91	256,582	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)			2,698	(3)	(3)	COMMON STOCK	2,698	$0	69,612	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 72,310 RSUs that subsequent to the reported transaction will now vest in three annual installments as follows: 21,405 shares on February 10, 2027; 24,103 shares on February 10, 2028; and 24,104 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)