TACKETT SHANE R 4

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.