Conner Raymond L. 4

What Happened

• Conner Raymond L., a director of Alaska Air Group, Inc. (ALK), was granted 5,186 shares on 2026-05-13. The award is reported at a per-share value of $38.56, totaling $199,972. This transaction is an awarded grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-13; Form 4 filed 2026-05-14 (appears timely).
• Award: 5,186 shares @ $38.56 per share = $199,972.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: Shares granted under the Issuer’s 2016 Performance Incentive Plan in connection with Raymond’s re-election to the Board through the 2027 Annual Stockholders Meeting.
• Filing status: No indication of a late filing in the provided report.

Context

• This grant is part of director compensation (an equity award tied to board service), which aligns the director’s interests with shareholders but is routine for board members. It differs from an open-market purchase — it’s a compensation award rather than a personal cash investment decision.