FORD MONTE E 4

What Happened
Monte E. Ford, a director of JetBlue Airways (JBLU), converted/exercised 22,094 derivative units into common shares and disposed of (sold) the same 22,094 shares on March 10, 2026. On the same date he was also granted 29,867 director restricted stock units (RSUs). Prices and dollar values are listed as N/A in the filing, and the award is a derivative grant that will vest later (see footnotes).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely within the typical two-business-day window).
• Exercise/conversion (code M): 22,094 shares converted and 22,094 shares disposed (sale) — price shown as N/A.
• Grant/award (code A): 29,867 derivative shares (RSUs) granted — price N/A.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each restricted stock unit converts to one share upon vesting.
  • F2: The March 10, 2026 director RSUs vest one year after the grant date (i.e., March 10, 2027).
  • F3: A separate set of director RSUs vest one year after their March 10, 2025 grant (these likely relate to the converted units).
• Filing timeliness: Filed March 12, 2026 for a March 10 transaction — appears timely.

Context

• The filing shows conversion/exercise of derivative units followed by same-day disposal of the resulting shares. When derivative conversions are sold the same day it is often to satisfy tax withholding or to realize proceeds, but the Form 4 does not state the reason.
• The 29,867 RSUs are unvested director awards and do not represent immediately tradable shares until they vest.
• These transactions are director-level compensation and disposition activity, not a 10% owner or large institutional trade.