Alaska Air EVP Andrew Harrison Withholds Shares for Taxes

What Happened

• Andrew R. Harrison, EVP and Chief Commercial Officer of Alaska Air Group (ALK), had 869 restricted stock units (RSUs settle) on September 22, 2026. The underlying 869 shares were withheld by the company to satisfy $36,420 in mandatory payroll/FICA tax withholding. No cash changed hands as a market sale and no shares were delivered to the reporting person.

Key Details

• Transaction date: 2026-09-22; Form 4 filed 2026-09-24 (appears timely within the typical 2-business-day window).
• Reported actions: M (exercise/conversion of derivative — RSU settlement) and F (shares withheld to pay tax liability).
• Price used for withholding: $41.91 per share; total withholding value = $36,420.
• No shares were delivered to Harrison; the withholding satisfied tax obligations. The transaction is exempt from Section 16(b) under Rule 16b-3(e) per the filing.
• Remaining award details: The original grant was 23,280 RSUs. After this settlement, the remaining RSUs will vest in three installments: 6,891 shares on Feb 10, 2027; 7,760 on Feb 10, 2028; and 7,760 on Feb 10, 2029.
• Shares owned after transaction: The filing indicates no shares were received by the insider due to withholding; total beneficial ownership after this action is not explicitly stated in the Form 4.

Context

• This was a routine RSU settlement with share withholding to cover payroll taxes (common practice) rather than an open-market sale or a buy. Such tax-withholding dispositions generally do not signal a change in the insider's market view and are administrative in nature.