SANDVIK HELVI KAY 4
Research Summary
AI-generated summary
Alaska Air (ALK) Director Helvi Kay Receives 5,186-Share Award
What Happened
- Helvi Kay, a director of Alaska Air Group, Inc. (ALK), was granted 5,186 shares on 2026-05-13 as an award under the company's 2016 Performance Incentive Plan. The grant is reported at $38.56 per share, with a total grant value of $199,972. This transaction is an equity award (code A), not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-05-13 at $38.56 per share; total value $199,972.
- Transaction type: Award/Grant (Form 4 code A).
- Purpose: Award granted in connection with the reporting person's re-election to the Board through the 2027 Annual Meeting (per footnote).
- Holdings note: Form 4 indicates total holdings include 4,108 deferred stock units (DSUs) from the 2008 PIP and 3,026 DSUs from the 2016 PIP. Those DSUs are 100% vested and are issuable as common shares upon resignation from the Board.
- Filing/timeliness: Report filed 2026-05-14 covering the 2026-05-13 grant — appears timely (no late filing noted).
Context
- Director equity awards are common compensation for board service and do not by themselves indicate a personal market purchase or sale. The DSUs referenced are vested but convert to shares only upon resignation, so they function as deferred, retention-style compensation rather than immediate open-market holdings.