Miller Steven D 4

4 · JETBLUE AIRWAYS CORP · Filed Mar 12, 2026

AI-generated summary of this filing

Updated Mar 13, 2026

JetBlue (JBLU) Director Steven D. Miller Exercises Derivatives, Receives DSUs

What Happened

Steven D. Miller, a director of JetBlue Airways Corp. (JBLU), had derivative conversions and a grant on 2026-03-10. He converted (exercised/converted) 22,094 vested restricted units into 22,094 shares and a matching 22,094-share disposition was reported the same day. He was also granted 29,867 deferred stock units (DSUs). The filing lists no per-share prices or dollar values (N/A).

Key Details

Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely).
Converted/acquired shares: 22,094 (derivative conversion, code M); Disposed: 22,094 (code M). No prices or proceeds reported (N/A).
Grant: 29,867 DSUs (derivative award, code A); vesting and settlement terms described below.
Shares owned after transaction: not specified in the provided filing data.
Notable footnotes:
- F1: Upon vesting, each restricted stock unit entitles the reporting person to one share.
- F2: DSUs entitle the holder to one share upon vesting; settlement of vested DSUs occurs six months following a director’s departure from the board. Annual DSU grants vest one year after grant.
- F3: The DSU award vests over one year measured from the vesting commencement date of March 10, 2026.
- F4: Director restricted stock units referenced vested on the one-year anniversary of March 10, 2025 (i.e., March 10, 2026).
The filing does not specify whether the 22,094-share disposition was an open-market sale, transfer to a broker for tax withholding, or another form of disposition.

Context

The filings indicate a conversion of vested director restricted units into common stock (a non-cash vesting event) and a coincident disposition of those same shares; such paired conversion-and-disposition transactions are often administrative (e.g., to satisfy tax obligations) but the filing does not state the reason or price.
The DSU grant is a deferred award that vests over a year starting March 10, 2026 and will only be settled (converted into shares) under the DSU settlement rules noted in the footnotes.

Form 4

Period: 2026-03-10

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-10+22,094→ 22,094 total
Award
Deferred Stock Units
[F2][F3]
2026-03-10+29,867→ 59,483 total
→ Common Stock (29,867 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-10−22,094→ 0 total
→ Common Stock (22,094 underlying)

Footnotes (4)

[F1]Upon vesting, the Reporting Person is entitled to receive one share of common stock for each restricted stock unit.
[F2]This represents an award of deferred stock units, or DSUs. Each unit entitles the Reporting Person to one share of Issuer's common stock upon vesting; settlement of vested DSUs will occur six months following Reporting Person's departure from Issuer's Board of Directors. The annual DSU grant vests on the one year anniversary of the grant date.
[F3]The award subject to the DSUs are scheduled to vest over one year, measured from the vesting commencement date of March 10, 2026.
[F4]The director restricted stock units vest on the one year anniversary of the grant date of March 10, 2025.

Signature

/s/ Shannon Collins, Attorney-in-Fact|2026-03-12

1 file