Mittal Nik 4

What Happened

Nik Mittal, a director of JetBlue Airways (JBLU), had 22,094 restricted stock units (RSUs convert/derivative) convert into 22,094 shares on March 10, 2026 and the same number of shares were immediately reported as disposed. On the same date he was also granted 29,867 director RSUs. No per-share prices or dollar values are reported in the filing.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed within the usual two-business-day window).
• Reported entries:
  • Exercise/conversion (code M): 22,094 shares acquired (conversion of RSUs) — price N/A.
  • Exercise/conversion (code M): 22,094 shares disposed — price N/A (Form does not state the reason for disposition).
  • Grant/award (code A): 29,867 RSUs awarded — price N/A (derivative).
• Shares owned after transaction: Not specified in the provided extract.
• Relevant footnotes:
  • F1: Each RSU converts 1:1 into common stock upon vesting.
  • F3: The RSUs that converted were from a grant with a March 10, 2025 grant date and vest on the one-year anniversary (March 10, 2026).
  • F2: The new director RSUs (29,867) vest on the one-year anniversary of the March 10, 2026 grant (i.e., March 10, 2027).
• Transaction codes: M = exercise/conversion of a derivative (used here for RSU conversion); A = award/grant.

Context

This filing reflects RSU vesting/conversion and a concurrent new RSU award for a director — not an open-market purchase or sale by choice. The filing shows the converted shares were disposed in equal number; the Form does not specify whether that disposition was for tax withholding, sale, or another administrative reason (such reasons are common but not stated here). No cash amounts or market-value figures are reported, and nothing in this filing indicates any late disclosure or 10% owner transaction.