Alaska Air (NYSE: ALK) VP gets stock from PSU vesting and RSU award

Rhea-AI Filing Summary

Alaska Air Group VP Finance, Controller & Treasurer Emily Halverson reported equity compensation activity tied to performance awards. On February 10, 2026, she acquired 2,524 shares of common stock at $0 from the vesting of Performance Stock Units after three-year performance goals were certified.

To cover related taxes, 760 common shares were disposed of to the issuer at $59.14. She also received a new grant of 2,670 restricted stock units, each representing one share of ALK common stock, vesting in three annual installments of 890 shares from 2027 through 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^*

HALVERSON EMILY

(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)
	VP Finance, Controller & Treas

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		2,524(1)	A	$0	11,589	D
COMMON STOCK	02/10/2026		F		760(2)	D	$59.14	10,829	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	(3)	02/10/2026		A		2,670		(4)	(4)	COMMON STOCK	2,670	$0	2,670	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: 890 shares on February 10, 2027; 890 shares on February 10, 2028; and 890 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did ALK VP Emily Halverson report on February 10, 2026?

Emily Halverson reported equity compensation activity on February 10, 2026. She acquired 2,524 Alaska Air Group common shares from vested Performance Stock Units and received 2,670 restricted stock units. She also disposed of 760 shares back to the company to satisfy related tax withholding obligations.

How many Alaska Air Group (ALK) shares did the VP acquire from PSU vesting?

She acquired 2,524 shares of Alaska Air Group common stock at $0 from Performance Stock Units. These PSUs vested after performance targets over a three-year period ending December 31, 2025 were achieved and certified by the board’s compensation committee on February 10, 2026.

Why were 760 ALK shares disposed of in this Form 4 filing?

The 760 Alaska Air Group common shares were withheld and disposed of to the issuer at $59.14. This was an exempt transaction under Rule 16b-3(e) to satisfy tax withholding obligations arising from the vesting of Performance Stock Units settled in shares.

What restricted stock units did the ALK VP receive and how do they vest?

She received 2,670 restricted stock units, each representing a contingent right to one ALK common share. These RSUs vest in three equal annual installments: 890 shares on February 10, 2027, 890 shares on February 10, 2028, and 890 shares on February 10, 2029.

What is Emily Halverson’s ownership in ALK common stock after the reported transactions?

After the acquisitions and tax withholding disposition, she beneficially owns 10,829 shares of Alaska Air Group common stock directly. In addition, she holds 2,670 restricted stock units, which may convert into common shares as they vest over the 2027–2029 period.

Are the ALK insider transactions in this Form 4 open-market purchases or sales?

The transactions are equity compensation-related, not open-market trades. Common shares were acquired at $0 from PSU vesting, and 760 shares were disposed of to the issuer for taxes. The 2,670 restricted stock units represent a new award, not a market transaction.