Alaska Air (ALK) EVP awarded RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Alaska Air Group EVP and CCO Andrew R. Harrison reported equity compensation transactions. On February 10, 2026, he acquired 16,845 shares of common stock at $0 upon vesting of performance stock units tied to performance through December 31, 2025. To cover related taxes, 4,477 shares of common stock were withheld at $59.14, leaving him with 31,298 common shares held directly.

He was also granted 23,280 restricted stock units, each representing one share of Alaska Air common stock. These RSUs vest in three equal installments of 7,760 shares on February 10, 2027, February 10, 2028, and February 10, 2029, and he directly holds 23,280 RSUs after the 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^*

HARRISON ANDREW R

(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 AND CCO

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		16,845(1)	A	$0	35,775	D
COMMON STOCK	02/10/2026		F		4,477(2)	D	$59.14	31,298	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		23,280		(4)	(4)	COMMON STOCK	23,280	$0	23,280	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: 7,760 shares on February 10, 2027; 7,760 shares on February 10, 2028; and 7,760 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.
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FAQ

What insider transactions did ALK executive Andrew R. Harrison report?

Andrew R. Harrison reported PSUs vesting into 16,845 Alaska Air common shares and a grant of 23,280 restricted stock units. He also had 4,477 shares withheld at $59.14 to satisfy tax obligations, ending with 31,298 common shares held directly.

How many Alaska Air (ALK) RSUs were granted to the EVP and CCO?

He received 23,280 restricted stock units, each equal to one ALK common share. These RSUs vest in three equal annual installments of 7,760 shares in 2027, 2028, and 2029, subject to continued service and plan terms.

Why were 4,477 ALK shares disposed of in Andrew Harrison’s Form 4?

The 4,477 shares were withheld as an exempt disposition to Alaska Air to satisfy tax withholding obligations from PSU vesting. The transaction used a price of $59.14 per share and did not represent an open-market sale by the executive.

What performance period led to the ALK PSUs vesting for Andrew Harrison?

The performance stock units vested based on performance goals measured over a three-year period ending December 31, 2025. Vesting occurred after the Board’s Compensation Committee certified results on February 10, 2026, consistent with the company’s 2016 Performance Incentive Plan.

How many Alaska Air (ALK) common shares does Andrew Harrison own after these transactions?

After PSU vesting and tax withholding, Andrew Harrison directly owns 31,298 shares of Alaska Air common stock. In addition, he directly holds 23,280 restricted stock units that may convert into shares as they vest over three future annual dates.

What is the vesting schedule for Andrew Harrison’s new ALK RSUs?

The 23,280 restricted stock units vest in three equal tranches: 7,760 shares on February 10, 2027, 7,760 shares on February 10, 2028, and 7,760 shares on February 10, 2029. Each vested RSU converts into one share of ALK common stock.