BIRKETT RAKOW DIANA 4

What Happened

• Diana Birkett Rakow, EVP (and CEO of Hawaiian Airlines), had 2,476 restricted stock units (RSUs vest) converted into 2,476 shares on Feb 11, 2026 (reported Feb 13, 2026).
• To satisfy withholding for taxes, 603 of those shares were withheld/disposed at a reported withholding value of $57.50 per share, totaling $34,673.
• The underlying RSUs were from a Feb 11, 2025 grant that vests in three equal annual installments; this appears to be the first vesting tranche. This is a routine issuance/settlement of compensation rather than an open-market buy or sell.

Key Details

• Transaction date: Feb 11, 2026; filing date: Feb 13, 2026 (filed within the standard 2-business-day window).
• Transactions reported:
  • M: 2,476 RSUs converted to 2,476 shares (acquired) at $0.00 (reflects settlement of RSUs).
  • F: 603 shares withheld/disposed to satisfy tax withholding at $57.50 per share (total $34,673).
• Shares owned after the transaction: not specified in the filing summary provided.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to one share of ALK common stock.
  • F2: The 603 shares withheld were an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding.
  • F3: These RSUs came from a 7,430-share grant on Feb 11, 2025 that vests in 1/3 increments on 2/11/2026, 2/11/2027, and 2/11/2028.

Context

• This was a routine equity-compensation vesting and settlement: RSUs converted into shares, and a portion withheld to cover tax obligations (a common cashless settlement), not an open-market sale or voluntary purchase.
• Such tax-withholdings are administrative and do not necessarily indicate insider sentiment about the stock.