SkyWest (NASDAQ: SKYW) CAO reports new restricted and performance stock grants

Rhea-AI Filing Summary

SkyWest, Inc. (SKYW) chief accounting officer Eric Woodward reported multiple stock awards on February 3, 2026. He received 1,280, 12,288, 3,056 and 1,338 shares of common stock at a price of $0 per share, all reported as acquisitions.

The awards consist of restricted stock units and performance-based restricted stock units granted under the SkyWest Long-Term Incentive Plan. Some units vest one-third each year over three years, while performance-based units vest in full three years from their grant dates. After these transactions, Woodward directly holds 65,772 common shares and indirectly holds 3,166 shares through a 401(k) plan.

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^*

Woodward Eric

(Last) (First) (Middle)

444 S RIVER ROAD

(Street)

ST. GEORGE UT 84790

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SKYWEST INC [ SKYW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF ACCOUNTING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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	02/03/2026		A		1,280(1)	A	$0	49,090	D
Common Stock	02/03/2026		A		12,288(2)	A	$0	61,378	D
Common Stock	02/03/2026		A		3,056(3)	A	$0	64,434	D
Common Stock	02/03/2026		A		1,338(4)	A	$0	65,772	D
Common Stock								3,166	I	By 401K Plan

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

Explanation of Responses:

1. Restricted stock units issued pursuant to the SkyWest, Inc. Long-Term Incentive Plan, which will vest one third each year from the date of grant over three years. Each restricted stock unit represents a contingent right to receive one share of common stock.

2. Represents the number of restricted stock units issued upon achievement of performance measurements relating to one third of the performance stock units granted in February 2023 pursuant to the SkyWest, Inc. Long-Term Incentive Plan, which restricted stock units will vest in full three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.

3. Represents the number of restricted stock units issued upon achievement of performance measurements relating to one third of the performance stock units granted in February 2024 pursuant to the SkyWest, Inc. Long-Term Incentive Plan, which restricted stock units will vest in full three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.

4. Represents the number of restricted stock units issued upon achievement of performance measurements relating to one third of the performance stock units granted in February 2025 pursuant to the SkyWest, Inc. Long-Term Incentive Plan, which restricted stock units will vest in full three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.

	/s/ Eric J. Woodward	02/05/2026
	** 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).
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FAQ

What did SkyWest (SKYW) executive Eric Woodward report in this Form 4?

Eric Woodward reported multiple acquisitions of SkyWest common stock on February 3, 2026. These came from restricted stock unit and performance-based awards under the company’s Long-Term Incentive Plan, all at a reported price of $0 per share as equity compensation.

How many SkyWest (SKYW) shares does Eric Woodward own after these transactions?

After the reported awards, Eric Woodward directly owns 65,772 shares of SkyWest common stock. He also has an indirect holding of 3,166 shares through a 401(k) plan, reflecting both his long-term incentive awards and existing retirement-plan ownership.

What type of equity awards did SkyWest (SKYW) grant to Eric Woodward?

The awards are restricted stock units and performance-based restricted stock units under the SkyWest Long-Term Incentive Plan. Each unit represents a contingent right to receive one share of common stock, aligning executive compensation with company performance over time.

How do the time-based restricted stock units for SKYW vest?

The time-based restricted stock units vest one third each year over three years from the grant date. This schedule encourages multi-year retention by linking the full value of the award to continued service with SkyWest during the vesting period.

How do the performance-based restricted stock units for SKYW vest?

The performance-based restricted stock units were issued after performance goals tied to prior grants were achieved. These awards vest in full three years from their respective grant dates, rewarding both meeting performance measurements and remaining with SkyWest over that period.

Did Eric Woodward buy SkyWest (SKYW) shares on the open market?

The reported acquisitions show a price of $0 per share, indicating they are equity awards, not open-market purchases. They arise from restricted stock unit and performance-based awards granted under SkyWest’s Long-Term Incentive Plan as part of executive compensation.