Equity awards for Alaska Air (ALK) Horizon Airlines CEO include RSUs and tax shares

Rhea-AI Filing Summary

Alaska Air Group executive Andrea L. Schneider reported equity compensation and related tax withholding transactions. On February 10, 2026, she acquired 7,522 shares of ALK common stock at $0 following the vesting of performance stock units earned over a three-year period ending December 31, 2025. To cover tax obligations from this vesting, 1,990 shares of common stock were withheld and transferred to the company at $59.14 per share, a disposition that did not involve an open-market sale. After these transactions, she directly held 35,466 common shares and had an additional 15 shares held indirectly by her spouse. She also received a new grant of 13,370 restricted stock units, each representing one share of common stock, which vest in three annual installments through February 10, 2029.

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^*

SCHNEIDER ANDREA L

(Last) (First) (Middle)

C/O 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)
	Pres & CEO Horizon Airlines

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		7,522(1)	A	$0	37,456	D
COMMON STOCK	02/10/2026		F		1,990(2)	D	$59.14	35,466	D
COMMON STOCK								15	I	By Spouse

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	(3)	02/10/2026		A		13,370		(4)	(4)	COMMON STOCK	13,370	$0	13,370	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. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.

4. The RSUs vest in three annual installments as follows: 4,456 shares on February 10, 2027; 4,457 shares on February 10, 2028; and 4,457 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transactions did ALK executive Andrea Schneider report on February 10, 2026?

Andrea Schneider reported acquiring 7,522 shares of Alaska Air Group common stock at $0 from vested performance stock units. She also had 1,990 shares withheld at $59.14 to pay taxes and received 13,370 restricted stock units that vest over three years.

How many Alaska Air Group (ALK) shares does Andrea Schneider hold after this Form 4?

After the reported transactions, Andrea Schneider directly holds 35,466 shares of Alaska Air Group common stock. In addition, 15 common shares are held indirectly by her spouse, reflecting a small extra position outside her direct holdings.

What is the nature of the 7,522 ALK shares acquired by Andrea Schneider?

The 7,522 Alaska Air Group shares were acquired at $0 upon vesting of performance stock units. These units were earned over a three-year period ending December 31, 2025, after the compensation committee certified that specified performance goals were achieved.

Why were 1,990 ALK shares disposed of at $59.14 in Andrea Schneider’s filing?

The 1,990 Alaska Air Group shares were withheld and transferred to the issuer at $59.14 to satisfy tax withholding obligations. This was an exempt disposition under Rule 16b-3(e) tied to the vesting of performance stock units, not an open-market share sale.

What are the terms of Andrea Schneider’s 13,370 restricted stock units in ALK?

Andrea Schneider received 13,370 restricted stock units, each equal to one share of ALK common stock. These RSUs vest in three annual installments: 4,456 shares on February 10, 2027, 4,457 on February 10, 2028, and 4,457 on February 10, 2029.

What is Andrea Schneider’s role at Alaska Air Group related to this Form 4?

Andrea Schneider is reported as an officer of Alaska Air Group, serving as President and CEO of Horizon Airlines. The reported equity awards and related withholding transactions reflect compensation associated with this senior leadership position within the company.