MINICUCCI BENITO 4
4 · ALASKA AIR GROUP, INC. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Alaska Air CEO Benito Minicucci Receives Award
What Happened
Benito Minicucci, CEO, President and a director of Alaska Air Group (ALK), received 38,757 shares on Feb 10, 2026 upon vesting of performance stock units (PSUs). On the same date 13,317 shares were withheld/disposed to satisfy tax withholding obligations (priced at $59.14 each, equal to $787,567). He was also granted 72,310 restricted stock units (RSUs) (derivative award) on Feb 10, 2026.
Key Details
- Transaction date: February 10, 2026; Form 4 filed February 12, 2026 (within the 2-business-day reporting window).
- PSU vest: 38,757 shares acquired at $0.00 (result of PSU vesting for the 3-year period ending 12/31/2025; performance certified by the Compensation Committee).
- Tax withholding: 13,317 shares disposed at $59.14 each to satisfy tax obligations; total value ≈ $787,567. This withholding was an exempt disposition to the issuer under Rule 16b-3(e).
- RSU grant: 72,310 RSUs (derivative award) acquired at $0.00; each RSU represents a contingent right to one share.
- RSU vesting schedule: 24,103 shares on 02/10/2027; 24,103 on 02/10/2028; 24,104 on 02/10/2029.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
This was not an open-market purchase or sale by the CEO but routine equity compensation activity: PSUs vested based on multi-year performance, triggering share delivery and tax-withholding via share surrender. RSUs are future contingent awards that vest over the next three years. These transactions are typical executive compensation settlements and do not by themselves indicate a deliberate market buy/sell decision.
Insider Transaction Report
- Award
COMMON STOCK
[F1]2026-02-10+38,757→ 196,668 total - Tax Payment
COMMON STOCK
[F2]2026-02-10$59.14/sh−13,317$787,567→ 183,351 total - Award
RESTRICTED STOCK UNITS
[F3][F4]2026-02-10+72,310→ 72,310 total→ COMMON STOCK (72,310 underlying)
Footnotes (4)
- [F1]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.
- [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 PSUs and settled with shares by the reporting person.
- [F3]Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
- [F4]The RSUs vest in three annual installments as follows: 24,103 shares on February 10, 2027; 24,103 shares on February 10, 2028; and 24,104 shares on February 10, 2029.