Steel Wade J 4

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.