Alaska Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.

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Control #:
US-CC-18-402C
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18-402C 18-402C . . . Directors Stock Appreciation Rights Plan which provides for automatic grants of 10,000 SARs to each Non-employee director on effective date of Plan and 1,000 additional SARs on each March 1st thereafter. Newly elected Non-employee Directors will be granted 10,000 SARs on date of their election

The Alaska Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a comprehensive compensation program designed specifically for directors of the company who contribute significantly to its success. This plan provides directors with an opportunity to be rewarded through stock appreciation rights (SARS) based on the company's financial performance and stock price. Under this plan, directors are granted SARS, which allow them to benefit from the appreciation in the company's stock price over a specified period. The SARS are typically granted at fair market value and vest over a predetermined period, incentivizing directors to remain committed to the company's long-term growth and success. The Alaska Directors Stock Appreciation Rights Plan offers several key features and benefits to the directors: 1. Performance-Based Compensation: The plan aligns the interests of the directors with those of the shareholders, as the SARS' value is linked to the company's stock performance. This encourages directors to make strategic decisions that positively impact shareholder value. 2. Retention and Motivation: By granting SARS that vest over time, the plan ensures directors have a vested interest in the company's future success. This motivates them to stay engaged and work towards achieving the company's goals. 3. Flexibility: The plan offers flexibility in structuring SAR grants, allowing directors to choose between cash settlement or stock settlement upon exercise. This enables directors to personalize their compensation according to their financial needs and objectives. 4. Stock Ownership: By providing directors with SARS, the plan promotes stock ownership and fosters a sense of ownership amongst the directors. This further aligns their interests with those of the shareholders and encourages them to act in the best interests of the company. It is important to note that the specific details and provisions of the Alaska Directors Stock Appreciation Rights Plan may vary depending on the company's individual policies and regulations. Different types of this plan may exist, such as the Senior Executive Directors Stock Appreciation Rights Plan or the Non-Executive Directors Stock Appreciation Rights Plan, with variations in eligibility criteria or award structures. In conclusion, the Alaska Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. is a compensation program that rewards directors for their contributions to the company's success through stock appreciation rights. It aligns the interests of the directors with those of the shareholders, encourages long-term commitment, and promotes stock ownership. The plan provides flexibility and may have variations tailored to specific director roles within the company.

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FAQ

Alaska Air Group, Inc. is a holding company that was incorporated in Delaware in 1985. Our two principal subsidiaries are Alaska Airlines, Inc. and Horizon Air Industries, Inc. Both subsidiaries operate as airlines, although their business plans, competition, and economic risks differ substantially.

Alaska Airlines is matching status of disgruntled Delta Air Lines frequent fliers as the airline recently changed its loyalty program. Alaska Airlines will now match a traveler's status on Delta ? and even raise some frequent fliers to the next status level ? through 2024, ing to the airline.

Alaska Air Group is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 11% of shares outstanding. The second and third largest shareholders are Victory Capital Management Inc.

On March 22, 2017, the company announced that Alaska Air Group would merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand. The merger was largely completed on April 25, 2018 and the Virgin America brand was fully retired by June 2, 2019.

Alaska Airlines and Horizon Air are wholly-owned subsidiaries of Seattle- based Alaska Air Group. Both carriers are also headquartered in Seattle. Horizon, founded 22 years ago, has grown to become one of the country's largest regional airlines serving more than 47 cities in six states and two provinces in Canada.

Alaska Air Group, Inc. SeaTac, Washington, U.S. The group owns two certificated airlines, Alaska Airlines, a mainline carrier, and Horizon Air, a regional carrier. Alaska Airlines in turn wholly owns an aircraft ground handling company, McGee Air Services.

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Download Directors Stock Appreciation Rights Plan of American Annuity Group, Inc. right from the US Legal Forms web site. It offers a wide variety of ... Handling paperwork with our comprehensive and user-friendly PDF editor is straightforward. Adhere to the instructions below to fill out Directors Stock ...There is no cumulative voting for the Company's directors. A properly executed proxy marked “Withheld from all nominees” or withholding authority to vote for ... Dear Stockholders: On behalf of the Board of Directors, we invite you to attend Alaska Air Group's 2021 Annual Meeting of Stockholders, which will be held on ... by SR Cohn · 1979 · Cited by 13 — Section 16(b) provides for recovery by a corporation of "profits" realized by insiders from short-swing transactions (purchase and sale, or sale and purchase, ... Mar 30, 2023 — Subject to stockholder approval, the Board approved a share reserve under the 2023 Plan equal to 17,200,000 shares of our common stock,. $0.01 ... Tandem SARs (stock appreciation rights) generally attach to up to 50% of options granted. Optionees cannot redeem SARs for cash; SARs can only be exercised ... In 1999 the Corporation adopted a Stock Appreciation Rights Plan for outside directors (the "SAR Plan"). Under the SAR Plan, each outside director receives ... The term “qualified stock” can't include stock from stock-settled stock appreciation rights or restricted stock awards (restricted property). It won't ... May 16, 2023 — 3) Stock options – We also award stock options from time to time to select executives, primarily in the form of stock appreciation rights.

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Alaska Directors Stock Appreciation Rights Plan of American Annuity Group, Inc.