LEVINE KYLE B 4

4 · ALASKA AIR GROUP, INC. · Filed Feb 11, 2026

AI-generated summary of this filing

Updated Feb 11, 2026

Alaska Air (ALK) EVP Kyle Levine Receives Awards and Sells Shares

What Happened

Kyle B. Levine, EVP Corporate Public Affairs & Chief Legal Officer of Alaska Air Group (ALK), sold 2,945 shares in an open‑market sale on Feb 9, 2026 for $60.02/share (total $176,747).
On Feb 10, 2026, 7,661 shares were acquired upon the vesting of Performance Stock Units (PSUs) (reported as $0 acquisition price). To satisfy tax withholding on the PSU vesting, 2,014 shares were withheld/disposed at $59.14/share (value $119,108). Also on Feb 10 he was granted 15,850 restricted stock units (RSUs) — a derivative award that vests over the next three years.

Key Details

Transaction dates & prices:
- Feb 9, 2026: Open‑market sale — 2,945 shares @ $60.02 ($176,747).
- Feb 10, 2026: PSU vesting — 7,661 shares acquired (award; $0 acquisition price reported).
- Feb 10, 2026: Tax withholding — 2,014 shares withheld @ $59.14 ($119,108) to cover taxes.
- Feb 10, 2026: RSU grant — 15,850 RSUs (derivative award; $0 acquisition price reported).
Footnotes of note:
- PSU vesting resulted from achieving performance goals over the 3‑year period ending Dec 31, 2025 and was certified by the Compensation Committee (per filing).
- The 2,014 shares withheld to satisfy tax liabilities were an exempt disposition to the issuer under Rule 16b‑3(e).
- Each RSU equals a contingent right to one share; the 15,850 RSUs vest as 5,283 shares on Feb 10, 2027; 5,283 on Feb 10, 2028; and 5,284 on Feb 10, 2029.
Shares owned after the transactions: not specified in the filing.
Filing timeliness: Form 4 filed Feb 11, 2026 (appears timely given the Feb 9–10 transactions).

Context

PSUs and RSUs are awards, not open‑market purchases; the PSU shares vested based on performance and were converted to shares, while the RSUs are contingent awards that vest in future installments.
The 2,014‑share withholding is a routine tax‑withholding action (an exempt disposition), not a market sale driven by sentiment.
Sales can be routine and don’t necessarily reflect the insider’s view of the company; purchases typically carry more informative weight for bullish signals.

Form 4

Period: 2026-02-09

EVP Corp Pub Aff & Chf Leg Off

Transactions

Sale
COMMON STOCK
2026-02-09$60.02/sh−2,945$176,747→ 20,977 total
Award
COMMON STOCK
[F1]
2026-02-10+7,661→ 28,638 total
Tax Payment
COMMON STOCK
[F2]
2026-02-10$59.14/sh−2,014$119,108→ 26,624 total
Award
RESTRICTED STOCK UNITS
[F3][F4]
2026-02-10+15,850→ 15,850 total
→ COMMON STOCK (15,850 underlying)

Footnotes (4)

[F1]The acquisition resulted from the vesting of Performance Stock Units (PSUs) pursuant to the attainment of certain performance goals over a three-year period ending December 31, 2025, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and upon certification of performance results by the Board's Compensation Committee on February 10, 2026.
[F2]The shares withheld were an exempt disposition to the Issuer under Rule 16b-3(e) to satisfy tax withholding obligations arising out of the vesting of PSUs and settled with shares by the reporting person.
[F3]Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
[F4]The RSUs vest in three annual installments as follows: 5,283 shares on February 10, 2027; 5,283 shares on February 10, 2028; and 5,284 shares on February 10, 2029.

Signature

/s/ Howard Kuppler, by power of attorney|2026-02-11

1 file