HALVERSON EMILY 4

What Happened

• Emily Halverson, VP Finance / Controller & Treasurer of Alaska Air Group (ALK), had restricted stock units (RSUs) convert into common shares on February 13, 2026. The filing shows conversions totaling 4,933 shares and tax withholding of 1,235 shares at $55.27 per share (total withholding ≈ $68,258). After withholding, the net shares delivered to her were 3,698.
• Transaction codes: M = exercise/conversion of a derivative instrument (RSU → common share); F = shares withheld to pay tax obligations. These were vesting/settlement transactions (compensation), not open-market purchases or sales.

Key Details

• Transaction date: February 13, 2026; reported on Form 4 filed February 17, 2026.
• Share conversion totals shown: 4,933 shares converted (2,550 + 2,383). Shares withheld for taxes: 638 and 597 (total 1,235) at $55.27/share; reported withholding amount ≈ $68,258.
• Net shares received by insider: 3,698 (4,933 converted − 1,235 withheld).
• Footnotes: F1—each RSU represents a right to one common share; F2—share withholding was an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding; F3—RSUs vested as to 100% of the shares granted on Feb 13, 2026; F4—these RSUs relate to a grant of 7,150 shares that vest in three annual installments (2,383 on 2/13/2025; 2,383 on 2/13/2026; 2,384 on 2/13/2027).
• Shares owned after the transaction are not specified in the provided excerpt.

Context

• This is a routine compensation event (RSU vesting and cashless settlement via share withholding) rather than a market buy or sale; such transactions generally reflect previously granted equity awards vesting, not an active trading decision.
• For retail investors: award conversions with share withholding are common for executives to satisfy tax liabilities and should be interpreted as compensation settlement rather than a directional insider buy/sell signal.