Berry Jason M 4

4 · ALASKA AIR GROUP, INC. · Filed Mar 23, 2026

AI-generated summary of this filing

Updated Mar 24, 2026

Alaska Air (ALK) COO Jason M. Berry Vests 697 RSU Shares

What Happened

Jason M. Berry, Chief Operating Officer of Alaska Air Group, had 697 restricted stock units (RSUs) vest on March 20, 2026. The RSUs converted into 697 shares of ALK common stock (exercise/conversion, code M).
To satisfy tax withholding obligations, 279 of those shares were withheld by the issuer at $36.91 per share, generating ~$10,298 in withholding (code F). Net shares delivered to Mr. Berry = 697 − 279 = 418 shares.

Key Details

Transaction date: March 20, 2026. Filing date: March 23, 2026 (filed within the usual Form 4 timeframe).
Conversion: 697 RSUs converted to 697 shares at $0.00 exercise price (RSUs convert to common stock rather than being purchased).
Tax withholding: 279 shares withheld at $36.91/share for ~$10,298 to cover tax obligations (exempt disposition to issuer under Rule 16b-3(e)).
Net shares received by insider: 418 shares (697 vested − 279 withheld).
Source of award: These RSUs were part of a 2,090-RSU grant issued March 20, 2023 that vested in three annual installments (696 on 3/20/24; 697 on 3/20/25; 697 on 3/20/26).
Shares owned after the transaction: not specified in the provided filing.

Context

This was an RSU vesting event (award conversion) with shares withheld to cover taxes — a routine, non-open-market transaction and not an independent purchase or sale signaling trading intent. For retail investors, RSU vesting is compensation-related; it increases insider holdings only by the net shares delivered after withholding.

Form 4

Period: 2026-03-20

EVP & Chief Operating Officer

Transactions

Exercise/Conversion
COMMON STOCK
[F1]
2026-03-20+697→ 13,801 total
Tax Payment
COMMON STOCK
[F2]
2026-03-20$36.91/sh−279$10,298→ 13,522 total
Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F3]
2026-03-20−697→ 0 total
→ COMMON STOCK (697 underlying)

Footnotes (3)

[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 granted were from an award of 2,090 RSUs issued on March 20, 2023, that vested in three annual installments as follows: 696 shares on March 20, 2024; 697 shares on March 20, 2025, and 697 shares on March 20, 2026.

Signature

/s/ Howard Kuppler, by power of attorney|2026-03-23

1 file