HARRISON ANDREW R 4

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

AI-generated summary of this filing

Updated Feb 17, 2026

Alaska Air (ALK) EVP Andrew R. Harrison Sells Shares After RSU Vest

What Happened

Andrew R. Harrison, EVP & CCO of Alaska Air Group, had RSUs vest on Feb 13, 2026 and converted those awards into common shares (exercise/conversion entries). He disposed of shares the same day: an open‑market sale of 14,500 shares at a weighted average price of $54.81 for proceeds of $794,762, and 9,747 shares were surrendered to cover tax withholding obligations (share‑settled, valued at $55.27 per share for a total withholding value of $538,717). The RSU conversions are reported with $0 exercise price because RSUs convert to shares without a cash exercise payment.

Key Details

Transaction date: Feb 13, 2026; Form 4 filed Feb 17, 2026 (timely filing).
Open‑market sale: 14,500 shares at a weighted avg $54.81 — proceeds $794,762. (Sale prices ranged $54.78–$54.945; weighted average reported.)
Tax withholding (share surrender): 6,410 shares and 3,337 shares withheld at $55.27 — total value ~$538,717 (reported as exempt disposition to issuer under Rule 16b‑3(e)).
RSU conversions reported: 17,020 shares and 8,860 shares (total 25,880) converted/received on vesting (RSUs reported as 1:1 share rights).
Vesting note: Some RSU grants vest in installments; filing notes RSU vesting and schedules (see footnotes for detail).
Shares owned after the transactions: not specified in the provided filing excerpt.

Context

This was not a purchase; the activity reflects RSU vesting followed by tax withholding and a partial open‑market sale (common routines when awards vest). The RSUs converted with a $0 exercise price (typical for restricted stock units), and some converted shares were immediately withheld to satisfy tax obligations (a share‑settlement, not a market sale).
Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = shares used to pay tax liability/withholding, S = open‑market sale.
No indication in the provided filing that this was a late Form 4 — filing date appears timely.

Form 4

Period: 2026-02-13

EVP AND CCO

Transactions

Sale
COMMON STOCK
[F1]
2026-02-13$54.81/sh−14,500$794,762→ 20,195 total
Exercise/Conversion
COMMON STOCK
[F2]
2026-02-13+17,020→ 37,215 total
Tax Payment
COMMON STOCK
[F3]
2026-02-13$55.27/sh−6,410$354,281→ 30,805 total
Exercise/Conversion
COMMON STOCK
[F2]
2026-02-13+8,860→ 39,665 total
Tax Payment
COMMON STOCK
[F3]
2026-02-13$55.27/sh−3,337$184,436→ 36,328 total
Exercise/Conversion
RESTRICTED STOCK UNITS
[F2][F4]
2026-02-13−17,020→ 0 total
Exercise: $0.00→ COMMON STOCK (17,020 underlying)
Exercise/Conversion
RESTRICTED STOCK UNITS
[F2][F5]
2026-02-13−8,860→ 8,860 total
Exercise: $0.00→ COMMON STOCK (8,860 underlying)

Footnotes (5)

[F1]The price reported in column 4 is a weighted average price. These shares sold in multiple transactions at prices ranging from $54.78 to $54.945, inclusive. The reporting person undertakes to provide to Alaska Air Group, Inc., any security holder of Alaska Air Group, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
[F2]Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
[F3]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.
[F4]The RSUs vest as to 100% of the shares granted on February 13, 2026.
[F5]The RSUs vesting were from grants of 26,580 shares that vested or will vest in three annual installments as follows: 8,860 shares on February 13, 2025; 8,860 shares on February 13, 2026; and 8,860 shares on February 13, 2027.

Signature

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

1 file