HARRISON ANDREW R 4

What Happened Andrew R. Harrison, EVP and Chief Commercial Officer of Alaska Air Group, had 16,845 shares issued on February 10, 2026 upon vesting of Performance Stock Units (PSUs). On the same date he was also granted 23,280 restricted stock units (RSUs) (derivative award). To satisfy tax withholding obligations from the PSU vesting, 4,477 shares were surrendered/withheld at $59.14 per share, a cash value of $264,770. The awards and vesting were reported on a Form 4 filed February 12, 2026.

Key Details

• Transaction date(s): February 10, 2026; Form 4 filed February 12, 2026 (timely).
• Awards/vesting: 16,845 shares acquired on vesting of PSUs (acquisition code A); 23,280 RSUs granted (derivative award, code A).
• Tax withholding/sale: 4,477 shares disposed (code F) at $59.14/share, proceeds/value = $264,770; the shares were withheld to satisfy tax obligations (exempt disposition under Rule 16b‑3(e)).
• RSU terms: Each RSU represents a right to one share; the 23,280 RSUs vest in three annual installments of 7,760 shares on Feb 10 of 2027, 2028 and 2029.
• PSU vesting note: The 16,845-share issuance resulted from attainment of PSU performance goals for the three-year period ending Dec 31, 2025 and certification by the Compensation Committee.
• Shares owned after transaction: not specified in the filing.

Context

• These transactions are awards and routine tax withholding tied to vesting (not an open-market purchase or an opportunistic sale). PSUs vested based on performance; RSUs are future contingent rights and will vest over the next three years per the schedule above. Withholding to cover taxes is common and does not necessarily indicate the insider’s market view.