HARRISON ANDREW R 4

What Happened

• Andrew R. Harrison, EVP and Chief Commercial Officer of Alaska Air Group (ALK), had 5,450 restricted stock units (RSUs) convert into 5,450 shares on February 11, 2026.
• To satisfy tax withholding obligations, 2,053 of those shares were withheld (disposed) at an implied price of $57.50 per share, resulting in approximately $118,048 in withholding.
• This was a vesting/award transaction (not an open-market purchase or sell for investment) and is generally routine compensation-related activity.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (filed within the typical 2-business-day reporting window).
• Conversion/exercise (code M): 5,450 RSUs → 5,450 shares acquired at $0 cost basis on the Form (RSUs convert to shares upon vesting).
• Tax withholding (code F): 2,053 shares withheld/disposed at $57.50 per share = $118,048 withheld to cover taxes.
• Footnotes: F1—each RSU equals one share on vesting; F2—shares withheld were an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding; F3—these RSUs came from a 16,350-share grant on 2/11/2025 that vests in three equal annual installments (2/11/2026–2028).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was a routine vesting of RSUs with a cashless tax-withholding settlement (issuer withheld shares instead of sending cash). Treat this as compensation realization, not a market-timed buy or sale signal.
• For retail investors: awards and tax-withholding dispositions are common for executives and do not necessarily indicate the insider’s view on the stock.