Alaska Air (ALK) Director Peter Shimer Receives Award of 5,186 DSUs

What Happened
Peter A. Shimer, a director of Alaska Air Group, Inc. (ALK), received a grant of 5,186 deferred stock units (DSUs) on 2026-05-13 at an imputed price of $38.56 per share, valued at $199,972. This was a grant/award (Form 4 transaction code A), not an open-market purchase or sale. The DSUs are fully vested on the grant date and convert one-for-one into common shares when Mr. Shimer resigns from the Board.

Key Details

• Transaction date: 2026-05-13; filing date: 2026-05-14 (filed within the normal Form 4 window).
• Grant: 5,186 DSUs @ $38.56 each, total value $199,972.
• Shares/units held after transaction: 7,839 DSUs total (includes 2,653 DSUs previously granted).
• Footnote summary: DSUs granted under the 2016 Performance Incentive Plan tied to his re-election through the 2027 Annual Meeting; DSUs are 100% vested and issuable as common stock upon resignation.
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax withholding, or late filing indicated in the Form 4.

Context
This is a director compensation award (deferred units), common for non-employee directors, and does not represent an immediate cash or open-market stock purchase/sale. Because the DSUs are payable in shares only upon board departure, they function as deferred equity compensation rather than current ownership of tradable stock.