TACKETT SHANE R 4

4 · ALASKA AIR GROUP, INC. · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

Alaska Air (ALK) CFO Shane Tackett Exercises RSUs, Sells Shares

What Happened

Shane R. Tackett, EVP and Chief Financial Officer of Alaska Air Group, had restricted stock units (RSUs) vest on February 13, 2026. The vesting/conversion resulted in 28,283 shares (reported as exercise/conversion of derivatives at $0.00).
To satisfy tax withholding upon vesting, 7,226 shares were withheld at $55.27 for $399,381 and 4,091 shares were withheld at $55.27 for $226,110 — a total of $625,491 for 11,317 shares. After withholding, 16,966 net shares remained from this vesting.
These were routine RSU settlements and tax-withholdings (dispositions to the issuer), not open-market sales.

Key Details

Transaction date: February 13, 2026; Form 4 filed February 17, 2026 (filing appears timely).
Items reported:
- Exercise/conversion (code M): 18,060 shares and 10,223 shares acquired at $0.00 (total 28,283).
- Tax withholding/disposition (code F): 7,226 shares disposed at $55.27 = $399,381; 4,091 shares disposed at $55.27 = $226,110. Total withheld = 11,317 shares for $625,491.
Net shares delivered from this vesting: 28,283 − 11,317 = 16,966 shares.
Footnotes of note:
- F1: Each RSU converts to one share of ALK common stock.
- F2: The withheld shares were an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding.
- F4/F5: The RSUs vested 100% on Feb 13, 2026 and were part of a 30,670-share grant vesting in three installments (10,223; 10,223; 10,224).
- F3 references holdings in the company 401(k) plan as of 12/31/2025.
No indication this was a market sale; withholding was used to cover taxes (routine).

Context

Code M indicates conversion/settlement of derivative awards (here, RSUs) into common shares. Code F indicates shares surrendered/withheld to cover tax obligations.
This filing shows a routine vest-and-withhold event by an executive; surrendered shares to cover taxes are common and do not necessarily signal a change in insider sentiment.

Form 4

Period: 2026-02-13

EVP AND CFO

Transactions

Exercise/Conversion
COMMON STOCK
[F1]
2026-02-13+18,060→ 68,471 total
Tax Payment
COMMON STOCK
[F2]
2026-02-13$55.27/sh−7,226$399,381→ 61,245 total
Exercise/Conversion
COMMON STOCK
[F1]
2026-02-13+10,223→ 71,468 total
Tax Payment
COMMON STOCK
[F2]
2026-02-13$55.27/sh−4,091$226,110→ 67,377 total
Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F4]
2026-02-13−18,060→ 0 total
Exercise: $0.00→ COMMON STOCK (18,060 underlying)
Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F5]
2026-02-13−10,223→ 10,224 total
Exercise: $0.00→ COMMON STOCK (10,223 underlying)

Holdings

Footnotes (5)

[F1]Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
[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]Common shares held in the Alaska Air Group, Inc. Employee Stock Ownership 401(K) Plan Trust, as of 12/31/2025.
[F4]The RSUs vest as to 100% of the shares granted on February 13, 2026.
[F5]The restricted stock units vesting were from a grant of 30,670 shares that vested or will vest in three equal installments as follows: 10,223 shares on February 13, 2025; 10,223 shares on February 13, 2026; and 10,224 shares on February 13, 2027.

Signature

/s/ Howard Kuppler, by power of attorney|2026-02-17

1 file