Alaska Air (ALK) CFO converts RSUs and withholds stock for taxes

Rhea-AI Filing Summary

Alaska Air Group EVP and CFO Shane R. Tackett reported multiple equity award transactions dated February 13, 2026. He converted 18,060 restricted stock units into the same number of shares of Alaska Air common stock at an exercise price of $0, then had 7,226 shares withheld at $55.27 per share to cover taxes, leaving 61,245 shares held directly from that line. He also converted another 10,223 restricted stock units into common stock at $0 and had 4,091 shares withheld at $55.27 for tax obligations, ending with 67,377 common shares held directly after all reported transactions. In addition, he holds 2,806 common shares indirectly through the Alaska Air Group Employee Stock Ownership 401(k) Plan Trust as of December 31, 2025, and retains 10,224 unvested restricted stock units scheduled to vest in a future installment.

Insider Trade Summary

28,283 shares exercised/converted

Mixed 7 txns

Insider TACKETT SHANE R

Role EVP AND CFO

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS	18,060	$0.00	--
Exercise	RESTRICTED STOCK UNITS	10,223	$0.00	--
Exercise	COMMON STOCK	18,060	$0.00	--
Tax Withholding	COMMON STOCK	7,226	$55.27	$399K
Exercise	COMMON STOCK	10,223	$0.00	--
Tax Withholding	COMMON STOCK	4,091	$55.27	$226K
holding	COMMON STOCK	--	--	--

Holdings After Transaction: RESTRICTED STOCK UNITS — 0 shares (Direct); COMMON STOCK — 68,471 shares (Direct); COMMON STOCK — 2,806 shares (Indirect, ESOP TRUST)

Footnotes (1)

1. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. 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. Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2025. The RSUs vest as to 100% of the shares granted on February 13, 2026. The restricted stock units vesting were from a grant of 30,670 shares that vested or will vest in three equal installments as follows: 10,223 shares on February 13, 2025; 10,223 shares on February 13, 2026; and 10,224 shares on February 13, 2027.

Form 4 Insider Transactions: What Each Field Means →

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

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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^*

TACKETT SHANE 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 CFO

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		18,060	A	$0(1)	68,471	D
COMMON STOCK	02/13/2026		F		7,226(2)	D	$55.27	61,245	D
COMMON STOCK	02/13/2026		M		10,223	A	$0(1)	71,468	D
COMMON STOCK	02/13/2026		F		4,091(2)	D	$55.27	67,377	D
COMMON STOCK								2,806	I	ESOP TRUST(3)

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			18,060	(4)	(4)	COMMON STOCK	18,060	$0	0	D
RESTRICTED STOCK UNITS	$0(1)	02/13/2026		M			10,223	(5)	(5)	COMMON STOCK	10,223	$0	10,224	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. Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2025.

4. The RSUs vest as to 100% of the shares granted on February 13, 2026.

5. The restricted stock units vesting were from a grant of 30,670 shares that vested or will vest in three equal installments as follows: 10,223 shares on February 13, 2025; 10,223 shares on February 13, 2026; and 10,224 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 Alaska Air Group (ALK) CFO Shane Tackett report on February 13, 2026?

Shane Tackett reported conversions of restricted stock units into Alaska Air Group common shares and related tax share withholdings. He exercised 18,060 and 10,223 RSUs into stock, then had 7,226 and 4,091 shares withheld at $55.27 per share to satisfy tax obligations.

How many Alaska Air Group (ALK) shares did the CFO hold directly after the reported Form 4 transactions?

After the reported transactions, Shane Tackett held 67,377 Alaska Air Group common shares directly. This figure reflects the net result of RSU conversions into stock and shares withheld at $55.27 per share to cover tax liabilities tied to those vestings.

What restricted stock units (RSUs) for Alaska Air Group (ALK) vested or converted on February 13, 2026?

Two RSU tranches converted on February 13, 2026: 18,060 RSUs that vest 100% on that date and 10,223 RSUs from a 30,670-share grant vesting in three equal installments. Each RSU represents a contingent right to receive one share of ALK common stock.

How were tax obligations handled for the Alaska Air Group (ALK) CFO’s RSU vesting?

Tax obligations were satisfied through share withholding to the issuer under Rule 16b-3(e). Specifically, 7,226 and 4,091 Alaska Air Group common shares were withheld at $55.27 per share, rather than a separate cash payment, in connection with the RSU vesting.

What ongoing equity holdings and unvested RSUs does the Alaska Air Group (ALK) CFO retain?

Shane Tackett retains 67,377 Alaska Air Group common shares directly and 2,806 shares indirectly through the Employee Stock Ownership 401(k) Plan Trust. He also has 10,224 unvested restricted stock units from a 30,670-share grant scheduled to vest on February 13, 2027.

How are Alaska Air Group (ALK) Employee Stock Ownership Plan shares reported for the CFO?

Common shares in the Alaska Air Group Employee Stock Ownership 401(k) Plan Trust are reported as indirect ownership. As of December 31, 2025, 2,806 common shares are attributed to Shane Tackett through this ESOP trust, separate from his directly held common shares.