Geraghty Joanna 4

What Happened

• Joanna Geraghty, CEO and director of JetBlue Airways (JBLU), received a grant of 539,269 restricted stock units (RSUs) on March 10, 2026. On the same date, 88,652 derivative units were converted/ exercised into shares. To cover tax obligations, 49,025 of the resulting shares were automatically withheld/returned to JetBlue at $4.52 per share, totaling $221,593. The filing was submitted March 12, 2026.

Key Details

• Transaction date(s): March 10, 2026 (filed March 12, 2026)
• Grant: 539,269 RSUs (footnote: granted 3/10/2026)
• Conversion/exercise: 88,652 derivative units converted to shares (reported as M)
• Tax withholding: 49,025 shares withheld/returned at $4.52/share for $221,593 (code F; automatic withholding per company policy)
• Vesting schedule: RSUs vest in equal annual installments over three years, measured from vesting commencement date March 10, 2025
• Shares owned after transaction: not specified in the provided summary of this Form 4
• Timeliness: Filed March 12 for a March 10 transaction — appears timely (Form 4 is generally due within two business days)

Context

• These transactions reflect an equity award and the conversion/settlement of derivative units, not an open-market purchase or sale for investment purposes. The 49,025-share disposition was a routine tax-withholding (net settlement), not necessarily a sale for cash proceeds by the insider. The 539,269 RSU grant vests over three years and represents future compensation rather than an immediate cash investment signal.