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

What Happened
Andrea L. Schneider (President & CEO, Horizon Airlines) had portions of two restricted stock unit (RSU) awards settle on 2026-09-22. A total of 547 RSUs vested and the issuer withheld 547 underlying shares to satisfy mandatory payroll/FICA tax obligations — 48 shares withheld from a 1,280-RSU grant and 499 shares withheld from a 13,370-RSU grant. Withholding was calculated at $41.91 per share (≈ $2,012 for 48 shares and ≈ $20,913 for 499 shares; total ≈ $22,925). No shares were delivered to or sold by the reporting person.

Key Details

• Transaction date: 2026-09-22; Form 4 filed 2026-09-24 (appears timely).
• Actions reported: M = settlement/conversion of RSUs; F = withholding of shares to pay tax liabilities.
• Withheld shares: 48 shares (from the 1,280-RSU grant) and 499 shares (from the 13,370-RSU grant) — total 547 shares withheld.
• Withholding price used: $41.91 per share; total tax-withholding value ≈ $22,925.
• Remaining unvested RSUs and vesting schedules after this transaction:
  • 1,280 grant now leaves 1,232 RSUs vesting: 378 on Nov 3, 2026; 427 on Nov 3, 2027; 427 on Nov 3, 2028.
  • 13,370 grant now leaves 12,871 RSUs vesting: 3,957 on Feb 10, 2027; 4,457 on Feb 10, 2028; 4,457 on Feb 10, 2029.
• Footnotes: Each RSU = 1 share. Transactions are exempt from Section 16(b) pursuant to Rule 16b-3(e). No open-market sale or purchase occurred.

Context
This was a routine tax-withholding transaction tied to RSU vesting (not an open-market sale or purchase). Such withholdings are common and do not necessarily indicate the insider’s view on the company’s stock.