SCHNEIDER ANDREA L 4

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

AI-generated summary of this filing

Updated Feb 17, 2026

Alaska Air (ALK) Andrea Schneider, Horizon CEO Receives RSUs; Shares Withheld

What Happened

Andrea L. Schneider (President & CEO, Horizon Airlines) had restricted stock units (RSUs) vest on February 13, 2026 and the RSUs converted into shares of Alaska Air Group (ALK). A total of 12,143 shares were issued on conversion (7,600 + 4,543). To satisfy tax withholding obligations, 4,574 shares were withheld at $55.27 per share (total withheld value $252,805 — $158,238 + $94,567). The net shares issued to Schneider after withholding were 7,569.
This was an award/vesting event rather than an open-market purchase or sale; withholding of shares for taxes is a routine administrative step, not necessarily a market sentiment signal.

Key Details

Transaction date: February 13, 2026; Form 4 filed February 17, 2026.
Withholding price: $55.27 per share; shares withheld: 2,863 and 1,711 (total 4,574); cash value withheld ≈ $252,805.
Shares issued on conversion/vesting: 12,143 (7,600 + 4,543); net shares retained after withholding: 7,569.
Footnotes: F1—each RSU equals one share on settlement; F2—shares were withheld in an exempt disposition under Rule 16b-3(e) to satisfy tax withholding; F3—RSUs vest as to 100% on Feb 13, 2026; F4—some RSUs relate to a 13,630-share grant scheduled to vest in three installments (4,543 on 2/13/2025; 4,543 on 2/13/2026; 4,544 on 2/13/2027).
Filing timeliness: Form filed Feb 17, 2026 (within the typical Form 4 reporting window for the Feb 13 transaction date).

Context

This was a settlement of vested RSUs (derivative-to-equity conversion). The withheld shares function like a cashless tax payment and are recorded as an exempt disposition to the issuer under Rule 16b-3(e).
Such vesting/withholding transactions are common for compensation and do not necessarily indicate the insider's buy/sell view of the stock.

Form 4

Period: 2026-02-13

Pres & CEO Horizon Airlines

Transactions

Exercise/Conversion
COMMON STOCK
[F1]
2026-02-13+7,600→ 45,220 total
Tax Payment
COMMON STOCK
[F2]
2026-02-13$55.27/sh−2,863$158,238→ 42,357 total
Exercise/Conversion
COMMON STOCK
[F1]
2026-02-13+4,543→ 46,900 total
Tax Payment
COMMON STOCK
[F2]
2026-02-13$55.27/sh−1,711$94,567→ 45,189 total
Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F3]
2026-02-13−7,600→ 0 total
Exercise: $0.00→ COMMON STOCK (7,600 underlying)
Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F4]
2026-02-13−4,543→ 4,544 total
Exercise: $0.00→ COMMON STOCK (4,543 underlying)

Holdings

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 restricted stock units vesting were from a grant of 13,630 shares that vested or will vest in three equal installments as follows: 4,543 shares on February 13, 2025; 4,543 shares on February 13, 2026; and 4,544 shares on February 13, 2027.

Signature

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

1 file