Form 4: Director Peter A. Shimer Increases Stake in Alaska Air

Director Peter A. Shimer acquired 5,186 deferred stock units in Alaska Air Group, Inc. following his re-election to the Board.

Summary

• Director Peter A. Shimer was granted 5,186 deferred stock units (DSUs) on May 13, 2026.
• The grant was issued under the Alaska Air Group, Inc. 2016 Performance Incentive Plan.
• The transaction follows the director's re-election to the Board of Directors for a term ending at the 2027 Annual Stockholders Meeting.
• The total beneficial ownership for the director is now 7,839 shares, including 2,653 previously granted DSUs.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine regulatory filing reflecting standard director compensation and does not indicate a change in company outlook.

Positives

• Director alignment with shareholder interests through increased equity-based compensation.
• The DSUs are 100% vested upon the date of grant.

Negatives

• None identified.

Risks

• The value of the deferred stock units is tied to the future performance of Alaska Air Group common stock.

Future Outlook

The DSUs are payable in common stock on a one-for-one basis following the director's resignation from the Board of Directors.

Industry Context

StockSavvy.ai notes that director equity grants following annual meetings are standard corporate governance practice in the airline industry to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of deferred stock units for board compensation is consistent with standard practices at major U.S. carriers like Delta Air Lines and United Airlines.
• Vesting schedules tied to board service duration are typical for non-employee director compensation packages.

Corporate Governance

Stakeholder Impact

• Shareholders benefit from continued board oversight and alignment of director incentives.

Next Steps

• Director to serve on the Board until the 2027 Annual Stockholders Meeting.

Key Dates

Keywords

Alaska Air Group, ALK, Form 4, Director Compensation, Insider Transaction, Deferred Stock Units