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  4. [Form 4] SKYWEST INC Insider Trading Activity

SkyWest (SKYW) director receives 1,219 fully vested deferred stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Conjeevaram Smita reported acquisition or exercise transactions in this Form 4 filing.

SkyWest Inc. director Smita Conjeevaram received a grant of 1,219 shares of common stock-equivalent deferred stock units. The award was issued at no cash cost under SkyWest’s Long-Term Incentive Plan and Deferred Compensation Plan for Non-Employee Directors and vested in full upon issuance.

After this grant, Conjeevaram directly holds 15,750 shares and units in total, including 5,106 vested deferred stock units. Each deferred stock unit represents a right to receive one share of common stock, payable upon the earliest of separation from service, death or disability, or a change in control.

Positive

  • None.

Negative

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Insider Conjeevaram Smita
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,219 $0.00 --
Holdings After Transaction: Common Stock — 15,750 shares (Direct, null)
Footnotes (1)
  1. Deferred stock units issued pursuant to the SkyWest, Inc. Long-Term Incentive Plan and the SkyWest, Inc. Deferred Compensation Plan for Non-Employee Directors, which were vested in full upon issuance. Includes 5,106 of vested deferred stock units. Each deferred stock unit represents a contingent right to receive one share of common stock, and is payable upon the earliest to occur of Ms. Conjeevaram's separation from service, death or disability, or a change in control.
Deferred stock units granted 1,219 units Grant of common stock-equivalent units to director on May 5, 2026
Total holdings after transaction 15,750 shares/units Direct holdings following the grant to Smita Conjeevaram
Vested deferred stock units included 5,106 units Portion of Conjeevaram’s total holdings that are vested deferred stock units
Transaction price per unit $0.0000 per unit Reported price for the 1,219 deferred stock units granted as compensation
Deferred stock units financial
"Deferred stock units issued pursuant to the SkyWest, Inc. Long-Term Incentive Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
SkyWest, Inc. Long-Term Incentive Plan financial
"Deferred stock units issued pursuant to the SkyWest, Inc. Long-Term Incentive Plan"
Deferred Compensation Plan for Non-Employee Directors financial
"and the SkyWest, Inc. Deferred Compensation Plan for Non-Employee Directors"
change in control financial
"payable upon the earliest to occur of Ms. Conjeevaram's separation from service, death or disability, or a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Conjeevaram Smita
(Last)(First)(Middle)
444 SOUTH RIVER ROAD
(Street)
ST. GEORGE UTAH 84790
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SKYWEST INC [ SKYW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/05/2026A1,219(1)A$015,750(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Deferred stock units issued pursuant to the SkyWest, Inc. Long-Term Incentive Plan and the SkyWest, Inc. Deferred Compensation Plan for Non-Employee Directors, which were vested in full upon issuance.
2. Includes 5,106 of vested deferred stock units. Each deferred stock unit represents a contingent right to receive one share of common stock, and is payable upon the earliest to occur of Ms. Conjeevaram's separation from service, death or disability, or a change in control.
/s/ Smita Conjeevaram05/07/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did SKYW director Smita Conjeevaram report on this Form 4?

Smita Conjeevaram reported receiving 1,219 deferred stock units tied to SkyWest Inc. common stock. The grant was awarded at no cash cost as director compensation and vested immediately, increasing her total direct holdings to 15,750 shares and units combined.

How many SkyWest (SKYW) shares does Smita Conjeevaram hold after this grant?

Following the award, Smita Conjeevaram holds 15,750 SkyWest-related shares and units directly. This total includes both common stock and 5,106 vested deferred stock units, each representing a contingent right to receive one share of SkyWest common stock in the future.

What are the key terms of the deferred stock units granted to SKYW director Conjeevaram?

The deferred stock units vested in full upon issuance and each unit equals one share of common stock. Payout occurs upon the earliest of separation from service, death, disability, or a change in control, aligning director compensation with long-term shareholder outcomes at SkyWest.

Under which plans were the SkyWest (SKYW) deferred stock units issued to the director?

The 1,219 deferred stock units were issued under the SkyWest, Inc. Long-Term Incentive Plan and the Deferred Compensation Plan for Non-Employee Directors. These plans provide equity-based compensation, granting directors stock-linked units instead of immediate cash payments for their board service.

Is the Form 4 transaction for SKYW an open-market purchase or a compensation grant?

The Form 4 reflects a compensation grant, not an open-market purchase. Smita Conjeevaram received 1,219 deferred stock units with a reported price of $0.0000 per unit, described as a grant or award acquisition under SkyWest’s director compensation and long-term incentive programs.