Alaska Air (NYSE: ALK) COO settles 697 RSUs, 279 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Alaska Air Group EVP & Chief Operating Officer Jason M. Berry reported routine equity compensation activity. He exercised 697 restricted stock units, receiving the same number of shares of common stock. As part of the vesting, 279 shares were withheld at $36.91 per share to cover tax obligations.
Following these transactions, Berry directly holds 13,522 shares of Alaska Air Group common stock. The RSUs exercised were the final tranche from a 2,090-RSU award granted on March 20, 2023 that vested in three annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
697 shares exercised/converted
Mixed
3 txns
Insider
Berry Jason M
Role
EVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNITS | 697 | $0.00 | -- |
| Exercise | COMMON STOCK | 697 | $0.00 | -- |
| Tax Withholding | COMMON STOCK | 279 | $36.91 | $10K |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 0 shares (Direct);
COMMON STOCK — 13,801 shares (Direct)
Footnotes (1)
- Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. 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. 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.
FAQ
What insider transaction did Alaska Air Group (ALK) report for Jason M. Berry?
Alaska Air Group reported that EVP & Chief Operating Officer Jason M. Berry exercised 697 restricted stock units into common shares. The event reflects scheduled vesting from a prior RSU grant, rather than an open-market purchase or sale of Alaska Air Group stock.
What are Jason Berry’s Alaska Air Group (ALK) holdings after this Form 4?
After the RSU exercise and tax withholding, Jason M. Berry directly holds 13,522 shares of Alaska Air Group common stock. This figure reflects his post-transaction position reported in the Form 4 and shows he retained a substantial equity stake after the routine compensation event.
Were Jason Berry’s Alaska Air (ALK) transactions open-market buys or sells?
The filing shows no open-market buys or sells. Berry exercised 697 restricted stock units and then 279 shares were withheld to cover taxes. The tax withholding is an exempt disposition to the issuer, typical of equity compensation vesting, rather than a discretionary market trade.
What RSU award was involved in Jason Berry’s Alaska Air (ALK) Form 4?
The RSUs came from a 2,090-unit award granted on March 20, 2023. That award vested in three annual installments: 696 shares on March 20, 2024, 697 shares on March 20, 2025, and 697 shares on March 20, 2026, with the latest tranche now settled.