BIRKETT RAKOW DIANA 4
4 · ALASKA AIR GROUP, INC. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
ALK: Diana Birckett Rakow (Hawaiian Airlines EVP/CEO) Receives RSUs
What Happened
Diana Birckett Rakow, identified as EVP & CEO of Hawaiian Airlines in the filing, had restricted stock units (RSUs) convert into common shares of Alaska Air Group (ALK) on February 13, 2026. The filing shows conversion/acquisition of 9,250 shares (5,160 + 4,090) at $0.00 (RSU vesting). To satisfy tax withholding obligations, 3,580 shares (1,943 and 1,637) were withheld/disposed at approximately $55.27 per share, generating proceeds of $107,390 and $90,477 respectively (total ~$197,867). This was an award/vesting event rather than an open-market buy or sale.
Key Details
- Transaction dates: February 13, 2026 (reported on Form 4 filed Feb 17, 2026). Filing appears timely (reported within required business-day window).
- Transaction types/codes: M = exercise/conversion of derivative (RSU conversion to shares); F = shares withheld to pay tax liability.
- Shares converted/acquired: 9,250 shares (5,160 + 4,090) at $0.00 (result of RSU vesting).
- Shares withheld for taxes (disposed): 3,580 shares (1,943 + 1,637) at $55.27, total value ~$197,867.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Relevant footnotes from filing:
- F1: Each RSU = right to one ALK share.
- F2: Withheld shares were an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding.
- F3: The RSUs vested as to 100% of the shares granted on Feb 13, 2026.
- F4: The RSUs vesting were linked to a 12,270-share grant scheduled to vest in three annual installments of 4,090 shares (2025, 2026, 2027).
Context
This was a routine RSU vesting event with a portion of shares withheld to cover taxes (a common, cashless withholding). Such tax-withholding dispositions are administrative and do not necessarily indicate buying or selling intent in the market. The filing did not show an open-market sale or additional purchases tied to these vested shares.
Insider Transaction Report
- Exercise/Conversion
COMMON STOCK
[F1]2026-02-13+5,160→ 29,025 total - Tax Payment
COMMON STOCK
[F2]2026-02-13$55.27/sh−1,943$107,390→ 27,082 total - Exercise/Conversion
COMMON STOCK
[F1]2026-02-13+4,090→ 31,172 total - Tax Payment
COMMON STOCK
[F2]2026-02-13$55.27/sh−1,637$90,477→ 29,535 total - Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F3]2026-02-13−5,160→ 0 totalExercise: $0.00→ COMMON STOCK (5,160 underlying) - Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F4]2026-02-13−4,090→ 4,090 totalExercise: $0.00→ COMMON STOCK (4,090 underlying)
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 RSUs vesting were from a grant of 12,270 shares that vested or will vest in three annual installments as follows: 4,090 shares on February 13, 2025; 4,090 shares on February 13, 2026; and 4,090 shares on February 13, 2027.