Alaska Air (NYSE: ALK) CEO reports RSU vesting and tax share disposals

Rhea-AI Filing Summary

Alaska Air Group (ALK) President and CEO of Horizon Airlines, Andrea L. Schneider, reported equity compensation activity on February 13, 2026. She converted 7,600 and 4,543 restricted stock units into an equal number of ALK common shares at $0 exercise price as part of scheduled vesting.

To cover tax withholding on these RSU vestings, 2,863 and 1,711 shares of common stock were disposed of to the issuer at $55.27 per share in exempt transactions under Rule 16b-3(e). After these transactions, she directly owned 45,189 ALK common shares, plus 15 shares held indirectly by her spouse. A remaining 4,544 RSUs continued outstanding, vesting as part of a prior 13,630-unit grant.

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)
02/13/2026

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	02/13/2026		M		7,600	A	$0(1)	45,220	D
COMMON STOCK	02/13/2026		F		2,863(2)	D	$55.27	42,357	D
COMMON STOCK	02/13/2026		M		4,543	A	$0(1)	46,900	D
COMMON STOCK	02/13/2026		F		1,711(2)	D	$55.27	45,189	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	$0(1)	02/13/2026		M			7,600	(3)	(3)	COMMON STOCK	7,600	$0	0	D
RESTRICTED STOCK UNITS	$0(1)	02/13/2026		M			4,543	(4)	(4)	COMMON STOCK	4,543	$0	4,544	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 vest as to 100% of the shares granted on February 13, 2026.

4. The restricted stock units vesting were from a grant of 13,630 shares that vested or will vest in three equal installments as follows: 4,543 shares on February 13, 2025; 4,543 shares on February 13, 2026; and 4,544 shares on February 13, 2027.

Remarks:

	/s/ Howard Kuppler, by power of attorney	02/17/2026
	** 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 transactions did ALK executive Andrea Schneider report on this Form 4?

Andrea Schneider reported RSU vesting and related tax share dispositions. On February 13, 2026, 7,600 and 4,543 restricted stock units converted into common stock, with 2,863 and 1,711 shares delivered back to Alaska Air Group to satisfy tax withholding obligations at $55.27 per share.

How many Alaska Air Group (ALK) shares does Andrea Schneider own after these transactions?

After the reported transactions, Andrea Schneider directly owned 45,189 ALK common shares. In addition, 15 ALK shares were held indirectly by her spouse. She also retained 4,544 restricted stock units from a prior grant that continue to vest over time under the disclosed schedule.

Were Andrea Schneider’s ALK Form 4 transactions open-market stock sales?

The disposition transactions were not open-market sales but tax-withholding events. Shares totaling 2,863 and 1,711 were delivered to Alaska Air Group under Rule 16b-3(e) to satisfy tax obligations arising from restricted stock unit vesting on February 13, 2026.

What are the key terms of Andrea Schneider’s restricted stock units in ALK?

Each restricted stock unit represents a contingent right to receive one ALK common share. One grant of 13,630 RSUs vests in three equal installments: 4,543 shares on February 13, 2025, 4,543 on February 13, 2026, and 4,544 on February 13, 2027, as disclosed.

What role does Andrea Schneider hold at Alaska Air Group (ALK)?

Andrea L. Schneider is identified as an officer of Alaska Air Group, serving as President and CEO of Horizon Airlines. Her Form 4 filing reflects equity compensation activity and ownership in ALK common stock associated with this executive leadership position within the company.