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ALASKA AIR GROUP, INC. — Director's Dealing 2025
Feb 11, 2025
30935_dirs_2025-02-11_e42762e0-01d3-42a8-b859-1b95a5c197d7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ALASKA AIR GROUP, INC. (ALK)
CIK: 0000766421
Period of Report: 2025-02-07
Reporting Person: MINICUCCI BENITO (Director, CEO AND PRESIDENT)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-07 | COMMON STOCK | M | 15110 | — | Acquired | 126298 | Direct |
| 2025-02-07 | COMMON STOCK | F | 5591 | $75.92 | Disposed | 120707 | Direct |
| 2025-02-11 | COMMON STOCK | A | 33846 | — | Acquired | 154553 | Direct |
| 2025-02-11 | COMMON STOCK | F | 13319 | $72.85 | Disposed | 141234 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-07 | RESTRICTED STOCK UNITS | $0 | M | 15110 | Disposed | 2032-02-07 | COMMON STOCK (15110) | Direct |
| 2025-02-11 | RESTRICTED STOCK UNITS | $0 | A | 46460 | Acquired | COMMON STOCK (46460) | Direct |
Footnotes
F1: Restricted Stock Units (RSUs) convert into common stock on a one-for-one basis.
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 acquisition resulted from the vesting of Performance Stock Units (PSUs) pursuant to the attainment of certain performance goals over a three-year period ending December 31, 2024, in accordance with the terms of a PSU award granted under the Issuer's 2016 Performance Incentive Plan and per approval by the Board's Compensation Committee on February 11, 2025.
F4: REFLECTS AN ADDITIONAL 2,440 RESTRICTED STOCK UNITS REFERRED TO IN FOOTNOTE 1 ON THE FORM 4 FILED ON 02/16/2017 WHICH WERE INADVERTENTLY EXCLUDED FROM COLUMN 5 IN SUCH FORM 4 AND IN SUBSEQUENT REPORTS. ALSO REFLECTS AN ADDITIONAL 16 SHARES OF COMMON STOCK THAT ARE BENEFICIALLY OWNED BY THE REPORTING PERSON WHICH WERE NOT ATTRIBUTED DUE TO A CALCULATION ERROR RELATED TO A STOCK SPLIT THAT OCCURRED IN JULY 2014.
F5: 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 PSUs and settled with shares by the reporting person.
F6: RESTRICTED STOCK UNITS CLIFF VEST 3 YEARS FROM GRANT AND CONVERT INTO COMMON STOCK ON A ONE-FOR-ONE-BASIS.
F7: The RSU vest in annual 1/3 increments over three years (2/11/2026, 2/11/2027 and 2/11/2028).