Bedient Patricia M 4

What Happened

• Patricia M. Bedient, a director and Non‑Executive Board Chair of Alaska Air Group (ALK), was granted 6,483 shares on May 13, 2026 at an assigned value of $38.56 per share, totaling $249,984. The transaction is reported as an award/grant (code A) under the company’s equity plan tied to her re‑election and chair service.

Key Details

• Transaction date and terms: 2026-05-13 — 6,483 shares granted at $38.56/share (total $249,984).
• Award plan: Grant made under the Issuer’s 2016 Performance Incentive Plan (2016 PIP) in connection with re‑election and service as Non‑Executive Board Chair through the 2027 Annual Meeting (per footnote F1).
• Holdings note: The filing indicates total holdings include 22,914 Deferred Stock Units (DSUs) from the 2008 PIP and 2,625 DSUs from the 2016 PIP; those DSUs are 100% vested and are issuable as common shares upon resignation (per footnote F2).
• Timeliness: Reported on Form 4 filed 2026-05-14 for a 2026-05-13 grant — appears to be timely (no late filing indicated).
• Transaction type: This was an equity award (compensation), not an open‑market purchase or sale.

Context

• Awards and DSUs are typically compensation for board service and do not necessarily imply the insider is buying or selling based on private views of the stock. DSUs are deferred units that convert to shares upon departure; the 6,483 shares granted here are reported as an award under the company plan.