HALVERSON EMILY 4

What Happened
Emily Halverson, VP Finance, Controller & Treasurer of Alaska Air Group (ALK), had 1,209 restricted stock units (RSUs) vest on February 11, 2026. The RSUs converted into 1,209 shares (reported as exercise/conversion of a derivative). To satisfy tax withholding obligations, 295 of those shares were withheld by the issuer at $57.50 per share, representing $16,963. The net shares delivered from this vesting were 914 shares.

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely filing).
• Transaction types/codes: M = exercise/conversion of derivative (1,209 RSUs → 1,209 shares); F = shares withheld to cover tax liability (295 shares at $57.50, $16,963).
• Net shares retained from this vesting: 914 shares (1,209 vested − 295 withheld).
• Footnotes: F1 notes each RSU equals one share; F2 confirms the 295-share withholding was an exempt disposition to the issuer under Rule 16b-3(e); F3 states these RSUs are part of a 3,630-share grant awarded Feb 11, 2025 that vests 1/3 annually (2/11/2026, 2/11/2027, 2/11/2028).
• Total post-transaction beneficial ownership of ALK common stock is not specified in this filing.

Context
This was a routine RSU vesting event, not an open-market buy or sale. The withholding of shares to cover taxes is a common, cashless method employers use when equity awards vest and does not by itself signal insider sentiment. The filing shows conversion of RSUs into shares and partial withholding to meet tax obligations.