Alaska Air (ALK) COO Jason Berry Exercises RSUs; Shares Withheld

What Happened Jason M. Berry, Chief Operating Officer of Alaska Air Group (ALK), had 2,010 restricted stock units (RSUs) vest and convert to 2,010 shares on September 23, 2026. To satisfy tax withholding obligations, 792 of those shares were withheld by the issuer at $39.70 per share, resulting in $31,442 withheld. The net shares delivered to Berry from this vesting were 1,218 shares (2,010 vested − 792 withheld).

Key Details

• Transaction date: September 23, 2026; Form 4 filed September 24, 2026 (timely).
• Vesting/conversion: 2,010 RSUs converted to 2,010 shares (reported as derivative conversion, code M).
• Tax withholding: 792 shares withheld at $39.70 each for $31,442 (reported as exempt disposition to issuer, code F).
• Net shares issued to insider: 1,218 shares.
• Footnotes of note:
  • F1: Each RSU = contingent right to one share.
  • F2: Shares withheld were an exempt disposition to the issuer under Rule 16b-3(e) to satisfy tax withholding and were settled with shares.
  • F3: Reporting includes 363 shares acquired under the Employee Stock Purchase Plan on April 30, 2026 (exempt transactions).
  • F4: The RSUs were part of a 6,030-share grant vesting in three annual installments of 2,010 shares each (2025, 2026, 2027).
• Shares owned after the transaction: not specified in the provided excerpt.

Context

• These transactions reflect RSU vesting and standard tax-withholding (a cashless-style settlement), not an open-market sale or a purchase. Withholding to cover taxes is routine and does not necessarily signal insider sentiment about the stock.
• Rule 16b-3(e) exempt disposition means the withheld shares used to pay taxes were handled by the issuer and are not treated as a market sale subject to short-swing profit rules.
• For retail investors: purchases or open-market buys by insiders tend to be more informative about confidence; this filing documents vesting and tax withholding rather than a deliberate buy or sell decision.