Steel Wade J 4
4 · SKYWEST INC · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
SkyWest (SKYW) CCO Wade J. Steel Receives RSU Awards
What Happened Wade J. Steel, SkyWest, Inc.'s Chief Commercial Officer, received four awards of restricted stock units (RSUs) on February 3, 2026 totaling 51,970 RSUs (3,615 + 35,748 + 8,710 + 3,897). Each award was recorded at $0.00 (awarded, not purchased). These RSUs are contingent rights to receive one share of SkyWest common stock upon vesting rather than an immediate cash transaction.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (appears timely under the 2‑business‑day reporting rule).
- Price: $0.00 per RSU (award/grant).
- Total RSUs granted: 51,970.
- Shares owned after the transaction: not specified in the provided filing summary.
- Footnotes:
- F1 (3,615 RSUs): time‑based RSUs under the Long‑Term Incentive Plan, vest one‑third each year over three years.
- F2 (35,748 RSUs): RSUs issued upon achievement of performance measures for one‑third of PSUs granted Feb 2023; these RSUs vest in full three years from grant.
- F3 (8,710 RSUs): RSUs issued for one‑third of PSUs granted Feb 2024; vest in full three years from grant.
- F4 (3,897 RSUs): RSUs issued for one‑third of PSUs granted Feb 2025; vest in full three years from grant.
Context RSUs are compensation awards that convert to shares if and when vesting conditions are met; they do not represent an immediate purchase or sale and typically do not signal an insider’s short‑term trading intent. Performance‑based RSUs depend on achievement of specified targets; time‑based RSUs vest over a set schedule. These awards align executive pay with future company performance and are common in executive compensation packages.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-03+3,615→ 106,031 total - Award
Common Stock
[F2]2026-02-03+35,748→ 141,779 total - Award
Common Stock
[F3]2026-02-03+8,710→ 150,489 total - Award
Common Stock
[F4]2026-02-03+3,897→ 154,386 total
- 10,451(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]Restricted stock units issued pursuant to the SkyWest, Inc. Long-Term Incentive Plan, which will vest one third each year from the date of grant over three years. Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F2]Represents the number of restricted stock units issued upon achievement of performance measurements relating to one third of the performance stock units granted in February 2023 pursuant to the SkyWest, Inc. Long-Term Incentive Plan, which restricted stock units will vest in full three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F3]Represents the number of restricted stock units issued upon achievement of performance measurements relating to one third of the performance stock units granted in February 2024 pursuant to the SkyWest, Inc. Long-Term Incentive Plan, which restricted stock units will vest in full three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F4]Represents the number of restricted stock units issued upon achievement of performance measurements relating to one third of the performance stock units granted in February 2025 pursuant to the SkyWest, Inc. Long-Term Incentive Plan, which restricted stock units will vest in full three years from the date of grant. Each restricted stock unit represents a contingent right to receive one share of common stock.