HARRISON ANDREW R 4

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.