BIRKETT RAKOW DIANA 4
4 · ALASKA AIR GROUP, INC. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Alaska Air (ALK) Diana Birkett Rakow Receives PSU/RSU Award
What Happened
Diana Birkett Rakow, EVP & CEO of Hawaiian Airlines and a director of Alaska Air Group (ALK), received equity awards on Feb 10, 2026. Specifically, 5,107 performance stock units (PSUs) vested (acquired at $0), and she was granted 12,380 restricted stock units (RSUs) (derivative award, $0). To satisfy withholding tax on the PSU vesting, 1,372 shares were withheld/treated as a disposition at $59.14 per share, totaling $81,140. These were not open-market sales but a tax-withholding settlement.
Key Details
- Transaction date: February 10, 2026; Form filed February 12, 2026.
- Vesting/acquisition: 5,107 shares (PSUs) — reported as Award/Acquisition (A) at $0.
- Tax withholding: 1,372 shares withheld/disposed at $59.14 = $81,140 (coded F). This was an exempt disposition to the issuer to satisfy tax withholding.
- Grant/derivative: 12,380 RSUs granted (coded A, derivative) at $0; each RSU represents a right to one share.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: PSU vesting reflected performance over a three‑year period ending 12/31/2025 and was certified by the board’s Compensation Committee; RSUs vest in three annual installments (4,126 on 2/10/2027; 4,127 on 2/10/2028; 4,127 on 2/10/2029). The withholding was settled with shares under Rule 16b-3(e).
Context
This filing primarily reports equity compensation (vesting and new RSU grant), not an open-market purchase or a voluntary sale. The small share disposition was a routine, exempt share‑settlement to cover taxes on vested PSUs (common for executive awards) and should not be read as a directional buy/sell signal. The RSUs are contingent awards that will vest over the next three years per the schedule above.
Insider Transaction Report
- Award
COMMON STOCK
[F1]2026-02-10+5,107→ 23,364 total - Tax Payment
COMMON STOCK
[F2]2026-02-10$59.14/sh−1,372$81,140→ 21,992 total - Award
RESTRICTED STOCK UNITS
[F3][F4]2026-02-10+12,380→ 12,380 total→ COMMON STOCK (12,380 underlying)
Footnotes (4)
- [F1]The acquisition resulted from the vesting of Performance Stock Units (PSUs) pursuant to the attainment of certain performance goals over a three-year period ending December 31, 2025, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and upon certification of performance results by the Board's Compensation Committee on February 10, 2026.
- [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 PSUs and settled with shares by the reporting person.
- [F3]Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock.
- [F4]The RSUs vest in three annual installments as follows: 4,126 shares on February 10, 2027; 4,127 shares on February 10, 2028; and 4,127 shares on February 10, 2029.