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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 4/3/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 766421 |
| Issuer Name: ALASKA AIR GROUP, INC. |
| Issuer Trading Symbol: ALK |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1855774 |
| | Owner Name: VON MUEHLEN CONSTANCE E |
| Reporting Owner Address: |
| | Owner Street 1: ALASKA AIR GROUP, INC. |
| | Owner Street 2: 19300 INTERNATIONAL BLVD |
| | Owner City: SEATTLE |
| | Owner State: WA |
| | Owner ZIP Code: 98188 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: EVP AND COO |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: COMMON STOCK |
| | Transaction Date: |
| | | Value: 4/3/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 4,110 |
| | | Transaction Price Per Share: |
| Value: 0 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 17,401 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: COMMON STOCK |
| | Transaction Date: |
| | | Value: 4/3/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 1,239 |
| | | Transaction Price Per Share: |
| Value: 41.88 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| Footnote ID: F2 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 16,162 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Holding: |
| | Security Title: |
| | | Value: COMMON STOCK |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 470 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: I |
| | | Nature of Ownership: |
| Value: Held by Spouse |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: RESTRICTED STOCK UNITS |
| | Conversion or Exercise Price: |
| | | Value: 0 |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 4/3/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 4,110 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Value: 4/3/24 |
| | Expiration Date: |
| | | Value: 4/3/24 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: COMMON STOCK |
| | | Underlying Security Shares: |
| Value: 4,110 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 0 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: Each restricted stock unit (RSUs) represents a contingent right to receive one share of ALK common stock. |
| Footnote - 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. |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Howard Kuppler, by power of attorney |
| Signature Date: 4/4/24 |