SCHNEIDER ANDREA L 4

What Happened
Andrea L. Schneider (President & CEO, Horizon Airlines) received equity compensation from Alaska Air Group (ALK) on Feb 10, 2026. A performance stock unit (PSU) award vested into 7,522 shares (acquired at $0.00). To satisfy tax-withholding obligations, 1,990 of those shares were withheld/disposed at $59.14 per share for a withholding value of $117,689. Separately, Schneider was granted 13,370 restricted stock units (RSUs) (recorded as a derivative acquisition at $0.00).

Key Details

• Transaction date: February 10, 2026 (Form filed Feb 12, 2026). Filing appears timely (Form 4 is generally due within two business days).
• Vested PSUs converted to 7,522 shares at $0.00 (acquisition).
• 1,990 shares were withheld/disposed to satisfy tax withholding at $59.14 each = $117,689 (exempt disposition under Rule 16b-3(e)).
• New grant: 13,370 RSUs (derivative award, $0.00 recorded).
• Shares owned after transaction: not provided in the supplied filing details.
• Footnotes: F1 confirms PSUs vested based on attainment of performance goals over a three‑year period ending 12/31/2025 and were certified by the Compensation Committee; F2 notes the withheld shares were used to satisfy tax withholding; F3 explains each RSU equals a contingent right to one share; F4 gives the RSU vesting schedule.

Context

• The 7,522 shares came from PSU vesting (performance-based compensation), not an open-market purchase. The 1,990-share disposition was a withholding to cover taxes (a routine, non-market sale).
• The 13,370 RSUs are unvested and will vest in three annual installments per the footnote schedule (4,456 on 2/10/2027; 4,457 on 2/10/2028; 4,457 on 2/10/2029).
• Equity awards and tax-withholdings are typical executive compensation events and do not necessarily signal the insider’s view on the company’s stock price.