Benito Minicucci

Since March 31, 2021

Age

58 years

Education

Holds a Bachelor of Science and a Master of Science from the Royal Military College of Canada and completed the Advanced Management Program at Harvard Business School.

Tenure

Joined ALK in May 2004 and held various senior roles including Executive Vice President Operations, Chief Operating Officer, President, and Chief Executive Officer positions while leading key integrations and operational improvements.

Also at ALASKA AIR GROUP

ALS

Andrea L. Schneider

SVP People

ARH

Andrew R. Harrison

EVP and Chief Commercial Officer

CEvM

Constance E. von Muehlen

EVP and COO

About

Benito Minicucci is 58 years old and has built a distinguished career at ALK, where he started in May 2004 and steadily climbed the ranks by taking on roles that significantly contributed to the company’s growth and transformation.

Throughout his tenure, he served in senior leadership positions such as Executive Vice President Operations, Chief Operating Officer, and President of Alaska Airlines, and played a critical role as CEO during the merger of Virgin America with Alaska Airlines.

His strategic leadership is complemented by a strong educational foundation, holding degrees from the Royal Military College of Canada and further enhancing his expertise through the Advanced Management Program at Harvard Business School. His extensive experience and visionary approach have been instrumental in driving operational excellence and successful integrations at ALK.

$ALK Performance Under Benito Minicucci

Past Roles

Organization	Role	Date Range	Details
Alaska Airlines	Chief Operating Officer	December 2008 - November 2019	N/A
Virgin America	Chief Executive Officer	December 2016 - July 2018	Merged into Alaska Airlines
Alaska Airlines	Executive Vice President Operations	December 2008 - May 2016	N/A
Alaska Airlines	President	May 2016	Elected before becoming President and CEO
Alaska Airlines	Vice President of Seattle Operations	N/A	N/A
Alaska Airlines	Staff Vice President of Maintenance and Engineering	N/A	N/A
Air Canada	Various Roles	N/A	Specific details not provided
Canadian Armed Forces	Service	14 years	Service prior to entering private aviation

External Roles

Organization	Role	Date Range	Details
University of Washington Michael G. Foster School of Business, Center for Leadership and Strategic Thinking	Board Member	N/A	N/A
UNCF (United Negro College Fund)	Board Member	N/A	N/A

Fixed Compensation

Data from FY 2022

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$600,769	2022 annual	Compensation for employment
Annual Cash Retainer for Board Service	N/A	N/A	No additional compensation received for board service
All Other Compensation	$197,798	2022 annual	Other fixed compensation components
Option Awards	35,810 options; $842,151	Time-based vesting; details not provided	Exercise Price: $55.36; Grant Date: Feb 7, 2022

Performance Compensation

Data from FY 2022

Performance Stock Units (PSUs)

Metric	Details
Performance Metrics	80% based on TSR relative to an airline peer group; 20% based on achieving racial equity goals
Threshold	8,008 shares
Target	30,220 shares
Maximum	60,440 shares
Vesting Schedule	Vesting is contingent on meeting performance metrics; specific vesting dates not provided
Grant Date	Feb 7, 2022
Grant Date Fair Value	$2,207,752 (target outcome); up to $4,415,504 at maximum
Evaluation Period	Not explicitly provided
Additional Details	Uses a Monte Carlo simulation to determine the probable outcome of performance-based conditions

Non-Equity Incentive Plan Compensation

Metric	Details
Performance Payouts	Threshold: $450,577; Target: $901,154; Maximum: $1,802,308
Performance Metrics	Includes metrics on profitability, safety, cost management, carbon emissions reduction, and relative industry financial performance
Participation Rates	NEO target participation ranging from 75% to 150% of base salary
Vesting Schedule	Not applicable; based solely on annual performance outcomes
Grant Date / Fair Value	Not provided
Evaluation Period	Annual performance period; specific timeframe not disclosed
Additional Details	Part of the Performance-Based Pay (PBP) Plan