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ALASKA AIR GROUP, INC.·4

Feb 17, 6:34 PM ET

LEVINE KYLE B 4

Research Summary

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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.