LEVINE KYLE B 4

4 · ALASKA AIR GROUP, INC. · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

Alaska Air (ALK) EVP Kyle Levine Receives RSUs; Shares Withheld

What Happened

Kyle B. Levine, EVP Corporate Public Affairs & Chief Legal Officer of Alaska Air Group (ALK), had restricted stock units (RSUs) vest on February 13, 2026. Per the Form 4, 13,647 RSU-derived shares were converted into common stock (exercise/conversion, code M) at $0.00 per share (RSUs convert to shares without a purchase price), and 5,461 shares were withheld to cover tax withholding obligations (codes F) for a total withholding cost of $301,829 (3,097 shares withheld for $171,171 and 2,364 shares withheld for $130,658). Net shares delivered to Mr. Levine after withholding were 8,186.

Key Details

Transaction date: February 13, 2026; Form 4 filed February 17, 2026.
Conversion: 13,647 shares converted from RSUs at $0.00 (code M).
Withholding: 5,461 shares withheld to satisfy tax obligations (code F) for ~$301,829 total.
Net shares received: 8,186 (13,647 converted minus 5,461 withheld).
Shares owned after the transaction: not specified in the provided excerpt of the filing.
Relevant footnotes from the filing:
- F1: Each RSU represents a right to one share.
- F2: Shares were withheld by the issuer under Rule 16b-3(e) to satisfy tax withholding.
- F3: The RSUs vest as to 100% on Feb 13, 2026 (per this grant).
- F4: The RSU grant(s) referenced total 17,720 shares vesting over three annual installments (5,906 on 2/13/2025; 5,907 on 2/13/2026; 5,907 on 2/13/2027).
Filing timeliness: Form 4 was filed Feb 17, 2026; no late‑filing flag is noted in the provided excerpt.

Context

These transactions are vesting-related (an award converting RSUs into shares) and the disposals were share‑withholdings to cover tax liabilities — a routine administrative transaction rather than an open‑market sale. The conversion shows $0.00 per share because RSUs do not require an exercise payment; tax obligations were settled by withholding shares (sometimes called a “sell-to-cover” or issuer withholding). This type of entry generally reflects compensation vesting, not a direct buy/sell decision about the company’s stock.

Form 4

Period: 2026-02-13

EVP Corp Pub Aff & Chf Leg Off

Transactions

Exercise/Conversion
COMMON STOCK
[F1]
2026-02-13+7,740→ 37,050 total
Tax Payment
COMMON STOCK
[F2]
2026-02-13$55.27/sh−3,097$171,171→ 33,953 total
Exercise/Conversion
COMMON STOCK
[F1]
2026-02-13+5,907→ 39,860 total
Tax Payment
COMMON STOCK
[F2]
2026-02-13$55.27/sh−2,364$130,658→ 37,496 total
Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F3]
2026-02-13−7,740→ 0 total
Exercise: $0.00From: 2026-05-04Exp: 2026-05-04→ COMMON STOCK (7,740 underlying)
Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F4]
2026-02-13−5,907→ 5,907 total
Exercise: $0.00→ COMMON STOCK (5,907 underlying)

Footnotes (4)

[F1]Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
[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 RSUs and settled with shares by the reporting person.
[F3]The RSUs vest as to 100% of the shares granted on February 13, 2026.
[F4]The RSUs vesting were from grants of 17,720 shares that vested or will vest in three annual installments as follows: 5,906 shares on February 13, 2025; 5,907 shares on February 13, 2026; and 5,907 shares on February 13, 2027.

Signature

/s/ Howard Kuppler, by power of attorney|2026-02-17

1 file