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Ben Minicucci received $9.9M in total compensation as CEO of ALASKA AIR GROUP, INC. in FY2025. The largest component was $6.8M in stock awards. That’s up 15% from FY2024. Source: SEC DEF 14A.
In fiscal year 2025, Ben Minicucci, CEO of ALASKA AIR GROUP, INC. (ALK), received total compensation of $9.9 million.
Ben Minicucci's compensation breakdown includes: base salary of $848K, stock awards valued at $6.8 million, non-equity incentive compensation of $1.6 million, and other compensation of $509K.
Compared to fiscal year 2024, Ben Minicucci's total compensation increased 15% from $8.6 million to $9.9 million.
ALASKA AIR GROUP, INC.'s top 5 named executive officers received combined total compensation of $25.2 million in fiscal year 2025.
The named executive officers disclosed in ALASKA AIR GROUP, INC.'s 2025 proxy statement are:Ben Minicucci (CEO) with total compensation of $9.9 million, Shane Tackett (EVP Finance & CFO) with total compensation of $4.5 million, Andrew Harrison (EVP & CCO) with total compensation of $4.2 million, Constance Von Muhelen (EVP & Advisor to COO) with total compensation of $3.5 million, and Kyle Levine (SVP General Counsel & CCEO) with total compensation of $3.1 million.
Source Filing
Executive Record
Ben Minicucci
CEO
Reported Pay
$9.9MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $9.9M against -22% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +15%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for ALK.
Team view
5 executives
CEO
Total PayFY2025
$9.9M
EVP Finance & CFO
Total PayFY2025
$4.5M
EVP & CCO
Total PayFY2025
$4.2M
EVP & Advisor to COO
Total PayFY2025
$3.5M
SVP General Counsel & CCEO
Total PayFY2025
$3.1M
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01FY2025 total compensation breakdown
$9.9M total compensation
Ben Minicucci earned $9.9M in FY2025— here's how that breaks down.
$6.8M
68% of total
$1.6M
16% of total
$847.7K
9% of total
$509.3K
5% of total
$145.4K
1% of total
Activity timeline · FY2025
Recent events from filings
Mar 30, 2026
PSUs Annual Award PBP Plan – PBP Plan
Sep 29, 2025
RSU Promotion Award stock (Grant FV $31,777)
Mar 14, 2025
PSUs Annual Award PBP Plan – PBP Plan
Feb 11, 2025
RSUs Annual Award stock (Grant FV $3,384,611)
Feb 11, 2025
PSUs Annual Award Equity award (46,460 target units, 23,230 threshold, 92,920 maximum, Grant FV $3,384,611)
A pay-performance summary will appear here once the verdict loads above.
02Pay changes vs. stock performance
1 year of data
Peer context
Dashed line marks the mid-cap median compensation benchmark for companies around $5.7B market cap, based on 476 peers in this size band.
03Recent insider trades by officers and directors
~24 trades
04Showing FY2025 data (latest available)
FY2026does not include director compensation in our current dataset, so we're showing the latest board table we found.
We're loading the latest director compensation and board makeup.
05Take action on executive compensation
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06For analysts and deep research
Historical compensation data from latest proxy filing
| Year | Executive | Salary | Bonus & Incentive | Stock Awards | Option Awards | Other Adj. | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $0.85M | $1.63M | $6.77M | $0.00M | $0.65M | $9.90M | |
| 2024 | $0.71M | $2.47M | $5.16M | $0.00M | $0.32M | $8.65M | |
| 2023 | $0.64M | $1.22M | $7.97M | $0.00M | $0.48M | $10.3M | |
| 2022 | $0.60M | $1.80M | $3.04M | $0.84M | $0.20M | $6.49M |
Salary = base cash pay. Bonus & Incentive combines annual bonus and non-equity plans. Equity amounts are grant-date fair values. Other Adj. captures pension changes, perquisites, and any reconciliation items so the total matches the reported figure.
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ALASKA AIR GROUP, INC. (ALK) — Key Facts
Last updated Jul 3, 2026 · DEF 14A filed Mar 30, 2026
| CEO | Ben Minicucci, CEO |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $9.9M |
| Base salary | $848K |
| Stock awards | $6.8M |
| Other compensation | $509K |
| Year-over-year change | +15% |
| Source | DEF 14A, 2026-03-30 |
Ben Minicucci, the CEO of ALASKA AIR GROUP, INC., received total compensation of $9.9 million in fiscal year 2025. This includes base salary of $847,692 and stock awards valued at $6.8 million.
Ben Minicucci's base salary at ALASKA AIR GROUP, INC. is $847,692 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $9.9 million.
ALASKA AIR GROUP, INC.'s CEO, Ben Minicucci, earned $9.9 million in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($6.8 million) rather than base salary ($847,692).