Form 4: Alaska Air Group EVP and COO Reports Stock Transactions
SEC Form 4
Constance E. Von Muehlen, EVP and COO of Alaska Air Group, reports transactions involving common stock and restricted stock units.
Summary
- On February 7, 2025, Constance E. Von Muehlen converted 5,810 Restricted Stock Units (RSUs) into common stock and disposed of 2,128 shares to satisfy tax withholding obligations at a price of $75.92.
- Following these transactions, she directly owned 15,844 shares of common stock.
- On February 11, 2025, she acquired 13,014 shares of common stock from the vesting of Performance Stock Units (PSUs) and disposed of 5,122 shares to satisfy tax withholding obligations at a price of $72.85.
- Following these transactions, she directly owned 23,736 shares of common stock.
- She also directly owns 15,240 Restricted Stock Units (RSUs) that vest in 1/3 increments over three years (2/11/2026, 2/11/2027, 2/11/2028).
- She indirectly owns 610 shares held by her spouse.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The RSUs vest in 1/3 increments over three years (2/11/2026, 2/11/2027, 2/11/2028).
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages often include stock options, restricted stock units, and performance stock units to align management's interests with those of shareholders.
- The vesting schedules and tax withholding practices described in the filing are standard practices in the industry.
- Comparable companies such as Delta Air Lines (DAL) and United Airlines (UAL) also have similar executive compensation structures and reporting requirements.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Conversion of RSUs to common stock and disposition of shares for tax obligations. |
| 02/11/2025 | Acquisition of shares from vesting PSUs and disposition of shares for tax obligations. |
| 02/11/2026 | First vesting date for 1/3 of the 15,240 RSUs. |
| 02/11/2027 | Second vesting date for 1/3 of the 15,240 RSUs. |
| 02/11/2028 | Final vesting date for 1/3 of the 15,240 RSUs. |
Keywords
Form 4, beneficial ownership, stock transactions, Alaska Air Group, ALK, Constance E. Von Muehlen, EVP and COO, restricted stock units, performance stock units
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