Berry Jason M 4

What Happened

• Jason M. Berry, Chief Operating Officer of Alaska Air Group (ALK), had 3,096 restricted stock units (RSUs vest) convert into 3,096 shares on Feb 11, 2026. To satisfy tax withholding related to the vesting, 754 shares were surrendered (disposed) at $57.50 per share, generating $43,355. Net shares delivered to Berry were 2,342 (3,096 vested minus 754 withheld). No cash was paid to exercise/convert the RSUs (exercise price $0).

Key Details

• Transaction date: 2026-02-11; Form filed: 2026-02-13 (timely)
• RSU conversion: 3,096 shares acquired @ $0.00 (conversion of derivative)
• Shares withheld for taxes: 754 shares disposed @ $57.50 = $43,355 (exempt disposition to issuer)
• Net shares received: 2,342
• Shares owned after transaction: not specified in the provided filing
• Footnotes: F1 = each RSU equals a contingent right to one share; F2 = withheld shares were an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding; F3 = these RSUs are the 1/3 tranche (3,096 shares) from a 9,290-share grant awarded 2/11/2025 that vests in three annual installments

Context

• This was a routine RSU vesting event with shares withheld for tax obligations (not an open-market sale). The conversion/vesting involved no exercise cash outlay (exercise price $0). Such withholding dispositions to the issuer to cover taxes are common and generally reflect standard compensation mechanics rather than a directional trading signal.