Alaska Air (ALK) EVP Diana Birkett Rakow Receives RSUs, Sells Shares

What Happened

• Diana Birkett Rakow, EVP & CEO of Hawaiian Airlines (reported on Alaska Air Group, Inc. Form 4), had 313 restricted stock units (RSUs) vest on September 29, 2026. The RSUs converted one-for-one into common shares. To satisfy tax withholding on the vesting, 148 of those shares were withheld by the issuer at $39.30 per share (total value $5,816). The remaining 165 shares were delivered to Ms. Birkett Rakow.

Key Details

• Transaction date: 2026-09-29 (reported 2026-09-30)
• Vesting/Conversion: 313 RSUs converted to 313 common shares (code M)
• Tax withholding/disposition: 148 shares withheld at $39.30 per share for $5,816 (code F); treated as an exempt disposition to the issuer under Rule 16b-3(e)
• Net shares delivered to insider: 165 shares (313 vested less 148 withheld)
• Source of award: Grant of 940 RSUs vesting in three annual installments (313 on 9/29/2026; 313 on 9/29/2027; 314 on 9/29/2028) (footnotes F1–F3)
• Filing timeliness: Report filed the day after the vesting date (no late filing indicated)

Context

• This was not an open-market sale or a purchase signal; it was routine RSU vesting with an issuer-executed share withholding to cover taxes (a common cashless settlement method). Such withholding transactions are standard and do not, by themselves, indicate a change in the insider’s view of the company.