MINICUCCI BENITO 4

4 · ALASKA AIR GROUP, INC. · Filed Feb 11, 2025

Form 4

Period: 2025-02-07

DirectorCEO AND PRESIDENT

Transactions

Exercise/Conversion
COMMON STOCK
2025-02-07+15,110→ 126,298 total
Award
COMMON STOCK
2025-02-11+33,846→ 154,553 total
Award
RESTRICTED STOCK UNITS
2025-02-11+46,460→ 46,460 total
Exercise: $0.00→ COMMON STOCK (46,460 underlying)
Exercise/Conversion
RESTRICTED STOCK UNITS
2025-02-07−15,110→ 0 total
Exercise: $0.00From: 2025-02-07Exp: 2032-02-07→ COMMON STOCK (15,110 underlying)
Tax Payment
COMMON STOCK
2025-02-07$75.92/sh−5,591$424,469→ 120,707 total
Tax Payment
COMMON STOCK
2025-02-11$72.85/sh−13,319$970,289→ 141,234 total

Footnotes (7)

[F1]Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
[F2]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.
[F3]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, 2024, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee on February 11, 2025.
[F4]REFLECTS AN ADDITIONAL 2,440 RESTRICTED STOCK UNITS REFERRED TO IN FOOTNOTE 1 ON THE FORM 4 FILED ON 02/16/2017 WHICH WERE INADVERTENTLY EXCLUDED FROM COLUMN 5 IN SUCH FORM 4 AND IN SUBSEQUENT REPORTS. ALSO REFLECTS AN ADDITIONAL 16 SHARES OF COMMON STOCK THAT ARE BENEFICIALLY OWNED BY THE REPORTING PERSON WHICH WERE NOT ATTRIBUTED DUE TO A CALCULATION ERROR RELATED TO A STOCK SPLIT THAT OCCURRED IN JULY 2014.
[F5]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.
[F6]RESTRICTED STOCK UNITS CLIFF VEST 3 YEARS FROM GRANT AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
[F7]The RSU vest in annual 1/3 increments over three years (2/11/2026, 2/11/2027 and 2/11/2028).

Documents

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