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ALASKA AIR GROUP, INC.·4

Feb 11, 5:33 PM ET

LEVINE KYLE B 4

Research Summary

AI-generated summary

Updated

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.