MENKE SEAN E 4

What Happened

• Sean E. Menke, a director of JetBlue Airways (JBLU), had derivative activity on March 10, 2026: 22,094 shares were acquired via exercise/conversion of derivative securities and the same 22,094 shares were disposed the same day. In addition, he was granted 29,867 deferred stock units (DSUs).
• The filing shows no prices or dollar values (N/A). Per footnotes, the 22,094 conversion appears tied to director restricted stock units that vest on the one‑year anniversary of the March 10, 2025 grant; the 29,867 instruments are DSUs that will convert to one share per unit upon vesting/settlement.

Key Details

• Transaction date: March 10, 2026. Filing date (Form 4): March 12, 2026 (appears timely within the normal 2‑business‑day window).
• Transaction types/codes: M = exercise/conversion of derivative (22,094 shares acquired; 22,094 shares disposed the same day). A = award/grant of derivative (29,867 DSUs acquired).
• Prices and total values: Not provided (N/A) in the filing.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Relevant footnotes:
  • F1/F4: Director restricted stock units convert 1:1 to common shares upon vesting; those RSUs had a March 10, 2025 grant date and vest on March 10, 2026 (consistent with the conversion).
  • F2/F3: The 29,867 units are DSUs (one unit = one share upon vesting); they vest over one year from March 10, 2026 and settled six months after any Board departure.

Context

• “M” (exercise/conversion) here reflects conversion/settlement of vested director RSUs into common shares; the identical same‑day disposition of 22,094 shares is shown but the filing does not state the reason (e.g., tax withholding or sale).
• The DSU award (A) is a deferred compensation instrument and does not immediately increase voting shares outstanding until vested/settled; its vesting schedule and post‑departure settlement are noted in the footnotes.