McCarthy Eileen P 4

What Happened

• Eileen P. McCarthy, General Counsel and Corporate Secretary of JetBlue Airways (JBLU), received a grant of 110,619 restricted stock units (RSUs) on March 10, 2026. The filing also shows a conversion/exercise of 27,277 derivative units into shares on the same date, and 10,993 shares were withheld to cover tax obligations (withholding valued at $4.52 per share, totaling $49,688).
• This is primarily an award/vesting event (not an open-market purchase or a voluntary sale). The transactions reflect RSU activity and tax withholding rather than a market-directional trade.

Key Details

• Transaction date: March 10, 2026; Form filed March 12, 2026 (timely).
• Grant: 110,619 RSUs granted (derivative instrument).
• Conversion/Exercise: 27,277 derivative units converted/exercised on March 10, 2026; the filing also lists a matching disposition entry for 27,277 shares.
• Tax withholding: 10,993 shares were automatically withheld/returned to JetBlue to satisfy tax obligations at $4.52 per share (total $49,688) (Footnote F2).
• Vesting schedule: The 110,619 RSUs vest in equal annual installments over three years (footnotes F3 and F4; vesting measured from March 10, 2025).
• Shares owned after the transaction: Not specified in this Form 4.

Context

• These entries reflect RSU grant and vesting mechanics. Upon vesting, each RSU converts into one share (Footnote F1). The withholding of shares to cover taxes is a routine administrative step (not an open-market sale).
• For retail investors: awards and scheduled vesting are common compensation events and do not necessarily indicate insider buying or selling intent.