TACKETT SHANE R 4

What Happened
Shane R. Tackett, EVP and Chief Financial Officer of Alaska Air Group (ALK), had 6,443 restricted stock units (RSUs) convert to common shares on February 11, 2026 (reported on Form 4 filed Feb 13, 2026). Of those, 2,536 shares were withheld by the company at $57.50 per share to satisfy tax withholding obligations, totaling $145,820. The filing shows both the acquisition/conversion of the derivative (RSU) and the related disposition for tax withholding.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (appears timely, within the typical 2-business-day window).
• Reported transactions: M (exercise/conversion) — 6,443 shares acquired @ $0.00; F (tax withholding) — 2,536 shares disposed @ $57.50 for $145,820; an M line also reports a derivative disposition of 6,443 shares @ $0.00.
• Shares owned after transaction: not specified in this filing. Footnote F3 notes common shares held in the company's 401(k) plan as of 12/31/2025.
• Notable footnotes:
  • F1: Each RSU represents a contingent right to one share on vesting.
  • F2: Shares withheld were an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding (i.e., a sell-to-cover via the issuer).
  • F4: These RSUs are part of a 19,330-share grant awarded 2/11/2025 that vests in thirds on 2/11/2026, 2/11/2027, and 2/11/2028.

Context

• This was a vesting/conversion of RSUs, not an open-market sale or purchase. The withholding of 2,536 shares to meet tax obligations is a routine, administrative transaction (common when equity awards vest).
• For retail investors: such tax-withholding dispositions typically do not signal a deliberate directional trade by the insider; they reflect standard settlement practices tied to employee equity awards.