Southerton Dawn 4

What Happened

• Dawn Southerton, JetBlue's Principal Accounting Officer, had RSU activity on March 10, 2026. The filing shows an exercise/conversion of 10,229 restricted stock units into shares and a contemporaneous tax withholding of 3,688 shares (disposed) to cover tax liabilities (3,688 shares × $4.52 = $16,670). The filing also reports a new grant of 68,584 restricted stock units on March 10, 2026.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed promptly after the transactions).
• Exercise/conversion: 10,229 RSUs converted to common shares (transaction code M).
• Tax withholding/payment: 3,688 shares withheld at $4.52 per share to satisfy tax obligations — proceeds listed as $16,670 (transaction code F).
• Grant: 68,584 restricted stock units awarded (transaction code A); these are derivative awards (RSUs).
• Vesting schedule: The newly granted 68,584 RSUs vest in equal annual installments over three years; vesting measured from March 10, 2025 (per footnotes F3–F4).
• Shares owned after the transaction: not specified in this filing.
• Footnotes: F1–F4 clarify 1:1 conversion of RSUs to shares upon vesting, automatic withholding/return of shares to JetBlue to cover taxes, and the three-year vesting schedule for the new grant.

Context

• This was routine RSU vesting and grant activity rather than an open-market purchase or voluntary sale. The withholding of shares to cover taxes is common practice and does not necessarily indicate a directional view on the stock.
• For retail investors, grant awards signal ongoing executive compensation but are not the same as an outright purchase; the grant vests over time, so future filings will show additional vesting events or any sales.
• No indication in this filing of a 10% owner or a 10b5-1 plan; the actions reported are standard RSU conversion and withholding.