Robb O'Hagan Sarah 4

What Happened

• Robb O'Hagan Sarah, a director of JetBlue Airways (JBLU), had derivative activity and an award on 2026-03-10. The filing shows an exercise/conversion of 22,094 derivative shares (acquired) and a simultaneous disposition of 22,094 derivative shares (disposed). The same date also shows a grant/award of 29,867 deferred stock units (DSUs). No price or total dollar values are reported in the filing.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (timely filing).
• Transactions reported:
  • Code M (exercise/conversion of derivative): 22,094 shares acquired (price N/A).
  • Code M (exercise/conversion of derivative): 22,094 shares disposed (price N/A).
  • Code A (award/grant - derivative): 29,867 DSUs granted (price N/A).
• Shares owned after transaction: not specified in the provided excerpt.
• Important footnotes from the filing:
  • F1: Upon vesting, each restricted stock unit converts to one share of common stock.
  • F2: DSUs are deferred stock units; each unit equals one share upon vesting. Settlement of vested DSUs occurs six months after the director departs the board. Annual DSU grants vest one year after the grant date.
  • F3: The DSUs are scheduled to vest over one year from a vesting commencement date of March 10, 2026.
  • F4: Director restricted stock units vest on the one‑year anniversary of their March 10, 2025 grant date.
• Filing timeliness: Filing appears timely (filed within two business days of the March 10 transaction).

Context

• Code M indicates exercise or conversion of a derivative; the filing shows an equal acquisition and disposal of 22,094 shares on the same day, meaning converted shares were also removed from holdings that day (the filing does not state the reason, e.g., sell-to-cover or transfer).
• The 29,867 DSUs are deferred compensation rather than immediately tradable shares; they vest over time and have settlement timing rules (including six‑month post‑departure settlement).
• No dollar amounts or per‑share prices were disclosed in this Form 4 excerpt, so market value of these transactions is not reported.