Alaska Air (ALK) COO Jason Berry reports 19,810 RSUs and PSU vesting

Rhea-AI Filing Summary

Alaska Air Group executive Jason M. Berry reported equity-based compensation activity. On February 10, 2026, he acquired 19,810 restricted stock units, each representing one share of ALK common stock. That same day, 2,375 common shares were acquired from the vesting of performance stock units, while 704 shares were withheld at $59.14 per share to cover tax obligations. Following these transactions, he directly owned 7,335 common shares and 19,810 RSUs, which vest in three equal annual installments from February 2027 through February 2029.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Berry Jason M

Role EVP Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	RESTRICTED STOCK UNITS	19,810	$0.00	--
Grant/Award	COMMON STOCK	2,375	$0.00	--
Tax Withholding	COMMON STOCK	704	$59.14	$42K

Holdings After Transaction: RESTRICTED STOCK UNITS — 19,810 shares (Direct); COMMON STOCK — 8,039 shares (Direct)

Footnotes (1)

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. 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. Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. The RSUs vest in three annual installments as follows: 6,603 shares on February 10, 2027; 6,603 shares on February 10, 2028; and 6,604 shares on February 10, 2029.

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^*

Berry Jason M

(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 Chief Operating Officer

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		2,375(1)	A	$0	8,039	D
COMMON STOCK	02/10/2026		F		704(2)	D	$59.14	7,335	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		19,810		(4)	(4)	COMMON STOCK	19,810	$0	19,810	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: 6,603 shares on February 10, 2027; 6,603 shares on February 10, 2028; and 6,604 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did ALK executive Jason Berry report on this Form 4?

Jason M. Berry reported equity awards and related share movements on February 10, 2026. He acquired 19,810 restricted stock units and 2,375 common shares from vesting performance stock units, while 704 shares were withheld to satisfy tax obligations tied to that vesting.

How many Alaska Air Group (ALK) restricted stock units did Jason Berry receive?

Jason Berry received 19,810 restricted stock units tied to ALK common stock. Each RSU represents a contingent right to receive one share of ALK stock, subject to time-based vesting over three years with annual installments scheduled in 2027, 2028, and 2029.

What is the vesting schedule for Jason Berry’s new ALK restricted stock units?

The 19,810 restricted stock units vest in three annual installments. Berry is scheduled to receive 6,603 shares on February 10, 2027, another 6,603 shares on February 10, 2028, and 6,604 shares on February 10, 2029, assuming continued satisfaction of vesting conditions.

Why were 704 shares of ALK common stock disposed of in Jason Berry’s Form 4?

The 704 ALK shares were withheld to cover tax obligations from the vesting of performance stock units. This disposition, reported with transaction code F at $59.14 per share, was an exempt transaction made to the issuer under Rule 16b-3(e) for tax withholding.

How did the vesting of performance stock units affect Jason Berry’s ALK share ownership?

Vesting of performance stock units added 2,375 ALK common shares to Berry’s direct holdings. These shares resulted from achieving performance goals over a three-year period ending December 31, 2025, and certification of results by the board’s compensation committee on February 10, 2026.

What are Jason Berry’s direct holdings in ALK common stock after the reported transactions?

After the reported February 10, 2026 transactions, Jason Berry directly held 7,335 shares of ALK common stock. In addition, he beneficially owned 19,810 restricted stock units, which convert into shares of ALK common stock as they vest over the three-year schedule.