St George Martin J 4

What Happened

• Martin J. St George, President of JetBlue Airways (JBLU), received a grant of 331,858 restricted stock units (RSUs) on March 10, 2026. On the same date, 62,738 RSUs vested/converted to common shares; 32,028 of those vested shares were automatically withheld to cover tax obligations, generating $144,767 at $4.52 per share. The net shares delivered to the reporting person from the vesting installment appear to be 30,710 (62,738 vested minus 32,028 withheld).

Key Details

• Transaction date: March 10, 2026. Withholding price: $4.52 per share; total cash withheld = $144,767.
• Grant: 331,858 RSUs (reported as an award/derivative).
• Vesting/conversion: 62,738 RSUs converted to shares on vesting; 32,028 shares were withheld for taxes (code F).
• Net shares delivered from this vesting installment: 30,710 (calculated from filing entries).
• Shares owned after these transactions: not specified in the filing.
• Footnotes: RSUs convert 1-for-1 into common stock on vesting (F1). Withholding was automatic per JetBlue policy for U.S. employees (F2). The 331,858 RSU grant vests in equal annual installments over three years (granted 3/10/2026) and the vesting schedule is measured from a March 10, 2025 commencement date (F3, F4).
• Filing timeliness: Form 4 was filed March 12, 2026 for a March 10 transaction — filed within the standard two-business-day window (not marked late).

Context

• RSUs are derivative awards that convert into common shares on vesting; the withholding here is a routine tax-coverage action rather than an open-market sale decision. When shares are automatically withheld to cover taxes, it's a form of cashless settlement commonly used by companies to satisfy withholding obligations. This filing documents compensation-related equity activity rather than a discretionary buy or sell signal.